<!-- Swiftype Variables -->

Asset Servicing

SS&C buying trade management software firm Eze

SS&C Technologies Holdings plans to acquire trade management software provider Eze Software from private equity firm TPG Capital for $1.45 billion in cash, pending regulatory approval, both firms announced Tuesday.

Eze Software provides front- and middle-office technology to money managers and asset owners. Its products provide trade order and execution management and portfolio accounting services.

SS&C said in a news release that the acquisition will add to the firm's existing capabilities in investment outsourcing services. Eze said in the same release that SS&C's distribution will help expand the use of its execution software globally.

Jeffrey Shoreman, Eze Software CEO and president, will join SS&C, an Eze spokeswoman said. She would not provide further details.

The SS&C-Eze deal is expected to close in the fourth quarter.

The deal is the second this month involving the acquisition of an order management system provider. On July 20, State Street announced it was buying Charles River Development for $2.6 billion in cash.