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DST Systems
From Wikipedia, the free encyclopedia
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DST Systems, Inc. is an American company that was acquired by SS&C Technologies in 2018. The company provided advisory, technology and operations outsourcing services to the financial services and healthcare industries. It was founded in February 1969 as Data·Sys·Tance, a subsidiary of Kansas City Southern Industries (KCSI) and is headquartered in Kansas City, Missouri, United States. As of 2016[update], DST employed 13,420 people worldwide.
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History
In 2005 and 2006, DST acquired CSC's Health Plan Solutions group and Amisys Synertech, Inc.[3]
On January 11, 2018, SS&C Technologies Holdings, Inc. announced that it would acquire all outstanding DST stock at a share price of $84.[4]
Expansion, partnerships and acquisitions
On February 24, 2016, DST completed an acquisition of alternative fund service provider Kaufman Rossin Fund Services (KRFS).[5]
March 27, 2017, DST to acquire remaining interest in Joint Ventures, Boston Financial Data Services, Inc. (BFDS) and International Financial Data Services Limited ("IFDS U.K."), from State Street Corporation.[6]
May 7, 2017, DST Systems reported a share repurchase program worth $300 million.[7]
January 11, 2018, SS&C acquired DST Systems for $84 per share in cash for an enterprise value of $5.4 billion, including assumption of debt.
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External links
- Official website
- SS&C Technologies Holdings, Inc. (NASDAQ:SSNC, Official website)
References
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