SS&C completes acquisition of Battea-Class Action Services

SS&C Technologies announced it has completed its acquisition of Battea-Class Action Services, a market-leading provider of securities class action claims and settlement recovery services. The purchase price is approximately $670 million, subject to certain adjustments. “We are pleased to welcome Battea’s employees, customers and partners,” said Bill Stone, SS&C’s Founder and CEO. “We see natural synergies between Battea and SS&C. Battea helps over 900 banks, asset managers, hedge funds and proprietary trading firms receive the maximum distribution of entitled settlements. We look forward to working together to bring these sophisticated new capabilities to clients.”