Market Overview

SS&C to Acquire Eze Software from TPG For $1.45 Billion


Acquisition will integrate Eze's market-leading OMS capabilities into
SS&C's broader suite offerings for traditional and alternative asset

, a global provider of investment technology, today
announced that SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), has
entered into a definitive agreement to acquire the company from its
previous owner, TPG Capital – the private equity platform of global
alternative asset firm TPG. SS&C, a global provider of investment and
financial software-enabled services and software for the global
financial services and healthcare industries, will acquire Eze from TPG
Capital for $1.45 billion.

Eze Software provides leading investment technology to power investment
operations, maximizing efficiencies across order management, trade
execution & analytics, portfolio analytics & modeling, compliance &
regulatory reporting, commission management, and portfolio & investor
accounting. Its award-winning Eze Investment Suite delivers a seamless
investment management experience to buy-side professionals in one
cohesive, integrated platform by synchronizing data throughout the trade
lifecycle. The born-in-the-cloud Eze Eclipse platform reimagines the
entire investment operation in a single solution through a secure web
browser interface.

Eze was acquired by TPG Capital in 2013 from ConvergEx Group. The
transaction brought together the power of Eze OMS, RealTick EMS and

"We're proud of the work we've accomplished with TPG and excited for the
opportunity to embark on Eze's next chapter as part of SS&C," said Jeffrey
, Eze Software's CEO & President. "Over the last five years,
TPG's investment enabled Eze Software to invest continuously in R&D,
which culminated in the integration of Eze Investment Suite and the
creation of our new cloud platform, Eze Eclipse. Joining forces with
SS&C accelerates our vision for an open, seamless, and fluid investment
ecosystem by combining the power of our leading software,
administration, and outsourcing services."

"Our clients are focused on reinventing their organizations. The
addition of Eze Software aligns with our strategy to transform today's
investment operations," said Bill Stone, Chairman and Chief Executive
Officer, SS&C Technologies.

"It's been a privilege to be a part of Eze's growth story over the last
five years and partner with the company on their transformation into an
integrated, market-leading provider of global investment technology
solutions," said John Flynn, Principal at TPG. "SS&C is a world class
company for which we have deep respect. We look forward to seeing Eze's
next phase of growth unfold under its leadership."

Morgan Stanley & Co. LLC acted as financial advisor on the deal, and
Ropes & Gray acted as legal counsel to Eze and TPG.

This all-cash transaction is scheduled to close in Q4 2018, subject to
clearances by the relevant regulatory authorities and other customary
closing conditions.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled
services and software for the global financial services and healthcare
industries. Founded in 1986, SS&C is headquartered in Windsor,
Connecticut and has offices around the world. Some 13,000 financial
services and healthcare organizations, from the world's largest
institutions to local firms, manage and account for their investments
using SS&C's products and services.

About Eze Software

Eze is a leading global provider of investment management software
solutions designed to optimize operational and investment alpha
throughout the entire investment process. Eze provides the platform for
growth for the entire investment community, maximizing efficiencies
across trade order management and execution, portfolio analytics and
modeling, operations, compliance and regulatory reporting, commission
management, and portfolio management and accounting. For more than 20
years, Boston-based Eze Software has been driving innovation in
financial technology. Today, Eze Software partners with more than 2,500
buy- and sell-side institutions in 50 countries from 14 offices

About TPG

TPG is a leading global alternative asset firm founded in 1992 with
approximately $84 billion of assets under management and offices in
Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London,
Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul,
and Singapore. TPG's investment platforms are across a wide range of
asset classes, including private equity, growth venture, real estate,
credit, and public equity. TPG aims to build dynamic products and
options for its investors while also instituting discipline and
operational excellence across the investment strategy and performance of
its portfolio. For more information, visit

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