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SS&C’s $2.7 billion acquisition of Advent will yield some layoffs but will definitely shake up the top tier of players while putting the second tier on notice.
SS&C Technologies and Advent Software executives are acknowledging that SS&C’s acquisition of Advent for approximately $2.7 billion in cash, announced Monday, will result in $45 million of cost synergies over three years that will likely lead to layoffs for redundant positions in general and administrative operations. “Some of those cost synergies are headcount,” Pete Hess,...
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