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.
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 acquisitionsedit
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.
External linksedit
Official website
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC, Official website)
Referencesedit
^. Reuters. 2016-01-04. Archived from the original on 2010-12-17.
^"Acquisition of DST Health Solutions and Amisys Synertech, Inc". 2016-01-04.
^"SS&C Technologies Holdings to acquire DST Systems". Reuters. 2018-01-11.
^. Reuters. 2017-05-09. Archived from the original on 2017-12-08. Retrieved 2017-06-30.
^"BRIEF-DST to acquire remaining interest in Joint Ventures, BFDS and IFDS U.K., from State Street". Reuters. 2017-03-27.
^. Reuters. 2016-05-07. Archived from the original on 2017-12-08. Retrieved 2017-06-30.
January 01, 1970
systems, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, january, 2017, lea. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources DST Systems news newspapers books scholar JSTOR January 2017 Learn how and when to remove this message DST Systems Inc is an American company that was acquired by SS amp 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 DST Systems Inc Company typeSubsidiaryIndustryBusiness ServicesFoundedIncorporated in 1969HeadquartersKansas City Missouri United StatesKey peopleStephen C Hooley Chairman CEO President 1 ProductsBanking Insurance Wealth management HealthcareRevenue 2 825 billion U S dollars 2015 2 Number of employees13 420 2016 ParentSS amp C TechnologiesWebsitedstsystems wbr com Contents 1 History 2 Expansion partnerships and acquisitions 3 External links 4 ReferencesHistory editIn 2005 and 2006 DST acquired CSC s Health Plan Solutions group and Amisys Synertech Inc 3 On January 11 2018 SS amp C Technologies Holdings Inc announced that it would acquire all outstanding DST stock at a share price of 84 4 Expansion partnerships and acquisitions editOn 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 amp C acquired DST Systems for 84 per share in cash for an enterprise value of 5 4 billion including assumption of debt External links editOfficial website SS amp C Technologies Holdings Inc NASDAQ SSNC Official website References edit Officers and Directors Reuters 2016 01 04 Archived from the original on 2010 12 17 2015 10K Annual Report 2016 01 04 Acquisition of DST Health Solutions and Amisys Synertech Inc 2016 01 04 SS amp C Technologies Holdings to acquire DST Systems Reuters 2018 01 11 DST Systems Inc s announces completion of Kaufman Rossin Fund Services acquisition Reuters 2017 05 09 Archived from the original on 2017 12 08 Retrieved 2017 06 30 BRIEF DST to acquire remaining interest in Joint Ventures BFDS and IFDS U K from State Street Reuters 2017 03 27 DST Systems reports new 300 mln share repurchase program Reuters 2016 05 07 Archived from the original on 2017 12 08 Retrieved 2017 06 30 Retrieved from https en wikipedia org w index php title DST Systems amp oldid 1223598206, wikipedia, wiki, book, books, library,
