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SS&C Technologies to acquire algorithmics assets from IBM

SS&C Technologies Holdings Inc. has agreed to acquire certain algorithmics and related assets from International Business Machines Corp.

Algorithmics provides risk analytic products and services for the financial services industry, and its addition will extend SS&C's risk analytics and regulatory offering.

The deal is expected to close in the fourth quarter, pending the completion of customary closing conditions.

The acquisition adds more than 200 clients, 350 employees and offices in 25 countries.