Windsor’s SS&C Technologies Holdings Inc. said it has paid $122 million to The Carlyle Group to acquire a Virginia-based software maker.
Primatics Financial makes EVOLV, a cloud-based software platform used by financial institutions for accounting, regulatory reporting, stress testing and other purposes related to their lending portfolios. The company has 384 employees and 2014 revenue of $51 million.
EVOLV, which will be integrated into SS&C’s own software offerings, has been “widely adopted” by North American banks, SS&C Chairman Bill Stone said in a statement.
It’s the latest in a string of acquisitions for SS&C, which completed its $2.6 billion purchase of Advent Software in July.
