Davis Polk is advising SS&C Technologies Holdings, Inc. on its acquisition of assets of IBM’s Algorithmics business. The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions.
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Supported by a global team of risk experts based in all major financial centers, Algorithmics provides leading risk analytic products and services to the financial services industry worldwide and includes solutions and technology to address customers’ market, credit and liquidity risk, as well as capital management. Founded in 1911, IBM is a global technology company that provides hardware, software, cloud-based services and cognitive computing.
The Davis Polk corporate team includes partner Leonard Kreynin and associate Thomas D. Malinowsky. The intellectual property and technology team includes partner Frank J. Azzopardi and associates Samantha Lefland and Daniel F. Forester. The executive compensation team includes partner Jeffrey P. Crandall and counsel David Mollo-Christensen. Partner Michael Mollerus and associate Dao Fu are providing tax advice. Counsel Susan D. Kennedy is providing real estate advice. All members of the Davis Polk team are based in the New York office.