SS&C Technologies have started to integrate the flagship products of Eze Software and Intralinks into its fund administration business.
Speaking on the tech vendors’ fourth quarter earnings call, Rahul Kanwar, president and chief operating officer for SS&C Technologies, explained it has already implemented some synergies with Intralinks’ products. SS&C completed the acquisition of Intralinks in November for $1.5 billion.
“We’re looking at our development plans for Eze and their new product Eclipse and trying to bring that close to the things that we’re building,” said Kanwar.
“Intralinks has some of the biggest private equity and real asset firms in the world… and those are many of the same firms that we’re providing fund administration services or seek to provide funded administration services to. So there’s some natural cross-sell and overlap and that process is getting started, so good progress so far.”
Kanwar added that SS&C Technologies has already recorded some deals with clients that involve both order management services from Eze Software, which it acquired in July last year, and its traditional middle- and back-office services.
He also noted that a $20 billion-plus firm which is an existing SS&C GlobeOp fund administration client chose the Intralinks platform for all fundraising, investor reporting, portfolio management and merger and acquisition (M&A) activity across all regions and business lines.
Revenues for the technology giant reached nearly $3.5 billion for the end of 2018, more than double the revenues recorded in 2017.
“We spent over $8 billion to acquire DST Systems, Eze Software, and Intralinks in 2018, and we are seeing success in both top line growth and margin improvement,” said Bill Stone, chairman and CEO, SS&C Technologies.
A large part of these revenues were adjusted to account for the companies SS&C acquired in the year, including DST Systems, Intralinks, Eze Software and CACEIS’ North American fund administration business.