SS&C Acquires Evare, LLC

Mon Mar 23, 2009 10:00am EDT

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Financial Data Services Augment SS&C`s Outsourcing Services
WINDSOR, Conn.--(Business Wire)--
SS&C Technologies, Inc. (, a global provider of financial
services software and outsourcing solutions, today announced that it has
acquired the assets of Evare, LLC, a provider for financial data acquisition,
transformation and delivery. Terms of the acquisition were not disclosed. 

The Evare acquisition directly complements SS&C`s middle- and back-office
institutional outsourcing and hedge fund administration service offering.
Specifically, the addition of over 50 Evare clients and approximately 40 staff
advance its leadership within the data and connectivity segment. Evare`s
expertise will enhance SS&C`s solutions in the areas of reconciliation (Recon),
post-trade communication (SSCNet), securities data (SVC) and portfolio

"Financial institutions spend a considerable amount of time each day in
gathering data to conduct reconciliations. This is a time-consuming and
expensive process for the middle and back office, and automation of this
function offers institutions a strong operational cost savings," said Bill
Stone, chairman and chief executive officer, SS&C Technologies, Inc. "We are
poised to make major improvements in our data gathering and data transformation
business, and Evare provides excellent technology and a strong workforce." 

"SS&C is a great fit for us," said Joseph Souza, Chief Operating Officer, Evare,
LLC. "There are few companies that understand data transformation and we are
fortunate to be combining with a company that has been successful in this
sector. Our customers will clearly benefit from this combination of the two
businesses as we are in a position to provide enhanced scalability and

About SS&C Technologies

SS&C delivers investment and financial management software and related services
focused exclusively on the financial services industry. By leveraging expertise
in common investment business functions, SS&C cost effectively serves clients in
the different industry segments, including: 1) insurance entities and pension
funds, 2) institutional asset management, 3) hedge funds and family offices, 4)
treasury, banks and credit unions, 5) municipal finance, 6) real estate property
management, 7) commercial lending and 8) financial markets. Additional
information is available at 

About Evare LLC

Founded in 1996 and headquartered in Massachusetts, Evare, LLC is a managed
utility service provider for financial data acquisition, enrichment,
transformation and delivery. Evare serves as a data transformation hub for over
300 asset managers, broker/dealers, custodial institutions, banks, corporations
and their respective clients worldwide. Evare provides services for link and
data management that adapt each set of communications to the system, process,
and format each client or counterparty prefers. Member / concentrator services
are administered by Evare which makes moving towards internal and external STP
quick, easy and cost effective. To learn more, visit 

SS&C Technologies, Inc.
Michele Rebiere, 212-319-9790 x2222
Vice President, Investor Relations

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