Windsor financial software provider SS&C Technologies on Wednesday announced it has completed its $2.6 billion acquisition of California investment software developer Advent Software, Inc.
Advent has more than 4,300 customers including hedge funds, prime brokers and wealth management firms and generated revenues of $397 million in 2014.
The acquisition moved forward after the U.S. Department of Justice in June ended the waiting period against the buyout over antitrust concerns.
SS&C financed the acquisition and repaid Advent’s debt with a combination of credit financing, $400 million in new stock offerings and $500 million from the issuance of new notes.
