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SS&C scoops up Innovest for $120M (NASDAQ:SSNC)

SS&C Technologies (SSNC -2.3%) agrees to acquire Innovest Systems for $120M in cash and stock

The purchase price includes $100M in cash and $20M SS&C stock, with deal expected to close by Q2 2020.

The acquisition adds more than 150 full-time employees

Innovest provides systems for trust accounting, payments and unique asset servicing.