SS&C Technologies to acquire Battea-Class Action Services for $670m.

SS&C Technologies, a financial services technology solutions provider, agreed to acquire Battea-Class Action Services, a securities class action claims management and settlement recovery services provider, for $670m. "We are delighted to welcome the Battea team and their customers. Securities class action settlement recovery is an ongoing concern, with hundreds of cases filed yearly. SS&C's multi-asset trade data aggregation capabilities complement Battea's sophisticated analysis and extensive expertise. We look forward to further empowering our clients," Bill Stone, SS&C Technologies Chairman and CEO.