SS&C Technologies To Buy Intralinks For $1.5 Bln - Quick Facts

(RTTNews) - SS&C Technologies Holdings, Inc. (SSNC), a provider of financial services software and software-enabled services, said it has agreed to acquire Intralinks Holdings, Inc. from affiliates of private equity firm Siris Capital Group for a total consideration of $1.5 billion.

The purchase price will consist of $1 billion in cash and $500 million in SS&C stock, with the per share price of the stock based on the volume weighted average trading price for 30 trading days prior to closing.

Intralinks is a financial technology provider for the global banking, deal making and capital markets communities.

SS&C Technologies noted that the acquisition of Intralinks will increase its account footprint as well as add cloud-based virtual data rooms and secure collaboration solutions for SS&C's banking and alternatives clients.

The transaction is expected to close in the fourth quarter of 2018. It is expected to be immediately accretive to SS&C's adjusted earnings per share and to be leverage neutral for SS&C.

In 2017, Intralinks had total revenues of $303 million and adjusted EBITDA of $115 million. Its trailing twelve month or LTM total revenues as of June 30, 2018 are $325 million, representing 9 percent growth over the LTM period ended June 30, 2017, and its LTM adjusted EBITDA as of June 30, 2018 is $132 million.

SS&C and Frank Baker, Siris' co-founder and managing partner, expect that Baker will join the SS&C Board of Directors following the closing on a mutually-agreed date.