SS&C identified as last-minute bidder for Fidessa

The revelation comes off the back of its recent agreement to buy DST Systems for $5.4 billion.

By Joe Parsons

Trading technology vendor Fidessa has confirmed the two last-minute bids it received were from SS&C Technologies and Ion Investment Group.

The announcement follows the revelation earlier this week that Fidessa received two offers that were higher than the £1.4 billion deal it accepted from Switzerland’s Temenos.

Temenos initially offered Fidessa’s shareholders £35.67 in cash per share, although one of the two separate bidders is considering an offer of £38.29 per share representing a 5% premium on the Temenos offer.

Fidessa confirmed the higher offer it received was from Ion, however it stated: “This announcement has been made without the consent of Ion and SS&C.”

The meeting to approve the Temenos deal was postponed on Tuesday as Fidessa explores its options.

The revelation of SS&C’s bid comes off the back of the recent acquisition of DST Systems by the Connecticut-based tech giant for $5.4 billion.