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 Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

and

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

industries. It was founded in February 1969 as Data·Sys·Tance, a subsidiary of

Kansas City Southern Industries Kansas City Southern (KCS) is a pure transportation holding company with railroad investments in the United States, Mexico, and Panama. The KCS rail network includes about of track in the U.S. and Mexico.https://www.kcsouthern.com/pdf/communit ...

(KCSI) and is headquartered in

Kansas City The Kansas City metropolitan area is a bi-state metropolitan area anchored by Kansas City, Missouri. Its 14 counties straddle the border between the U.S. states of Missouri (9 counties) and Kansas (5 counties). With and a population of more ...

Missouri Missouri is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. Ranking List of U.S. states and territories by area, 21st in land area, it is bordered by eight states (tied for the most with Tennessee ...

, United States. , DST employed 13,420 people worldwide.

History

In 2005 and 2006, DST acquired CSC's Health Plan Solutions group and Amisys Synertech, Inc. On January 11, 2018,

SS&C Technologies SS&C Technologies Holdings, Inc. (known as SS&C) is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the ...

Holdings, Inc. announced that it would acquire all outstanding DST stock at a share price of $84.

Expansion, partnerships and acquisitions

On February 24, 2016, DST completed an acquisition of alternative fund service provider Kaufman Rossin Fund Services (KRFS). . 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. May 7, 2017, DST Systems reported a share repurchase program worth $300 million. 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 links

* * SS&C Technologies Holdings, Inc. (NASDAQ:SSNC, )

References

{{Reflist Companies based in Kansas City, Missouri Corporate spin-offs Companies formerly listed on the New York Stock Exchange 2018 mergers and acquisitions