SS&C Technologies to Acquire Battea-Class Action Services, Expanding Securities Class Action Claims Management Offerings

Group 1 - SS&C Technologies Holdings, Inc. announced a definitive agreement to acquire Battea-Class Action Services, LLC for approximately $670 million, with the acquisition expected to close this year [1][2] - Battea-Class Action Services is a market leader in securities class action claims management, serving over 900 banks, asset managers, hedge funds, and proprietary trading firms [1][4] - The acquisition will enhance SS&C's capabilities in financial recovery services, including litigation research, data collection, claims filing, and award processing [2][3] Group 2 - The Battea Claims Engine™ monitors 700-800 cases in litigation and 340 settlements in payout, with a research library containing over 8,000 historical cases for back testing [2] - SS&C's Chairman and CEO expressed confidence that the acquisition will empower clients by combining SS&C's trade data aggregation capabilities with Battea's expertise [3] - Battea has been a global leader in settlement claims processing for over 20 years, helping clients navigate complex litigation settlement processes [4]