Banking software market: more M&A to come

Broadridge HQ

As 2014 was drawing to a close, a handful of takeovers in the banking software space were announced but went under the radar. SS&C bought rival DST Global Solutions for $95 million, bringing rival investment management systems under one umbrella, whilst loss-making 3i Infotech shed its investment management software business in the UK to an Italian outfit, Objectway.