Acquisition Strengthens Portfolio Management Suite
SS&C's acquisition of the PORTIA business adds a comprehensive platform of middle-to-back office capabilities allowing investment managers to track and manage day-to-day portfolio activity. PORTIA will complement SS&C's existing solutions. The acquisition adds 140 staff in Boston, Bangalore, London, Hong Kong, Singapore, Tokyo and Bangkok. SS&C expects that, for the remainder of 2012, the PORTIA acquisition will increase SS&C's revenue by $24.5 to $25.5 million and that the Adjusted Consolidated EBITDA attributable to PORTIA will be 44 percent to 46 percent of its revenues.