Boston, MA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Micro Design Services, LLC, the leader in the design and development of sophisticated software products for the world’s largest financial exchanges, on the sale of substantially all of its assets to SS&C Technologies, Inc., a global provider of financial services software and outsourcing solutions.
MDS’ solutions have delivered real-time, mission-critical order management and routing systems to many of the world’s largest exchanges. MDS was instrumental in the design and development of the first hand-held wireless trading system adopted by a U.S. exchange. In addition, MDS’ patented Market Look Information System is in use by 45 brokerage firms with over 1,700 users. SS&C's acquisition of MDS extends SS&C's presence in the securities industry and adds significant expertise in mobile computing and messaging.
"The ability to leverage SS&C's capabilities as well as their international reach will provide significant opportunities for MDS' products and services," said Roman Szymansky, president and co-owner of MDS. John Petschauer, chief executive officer of MDS, added, "We believe the cultural and technological synergy between SS&C and MDS will expedite our development cycle, creating value for our customers, and opportunity for our staff."
Tim Harned, head of Capstone’s Technology and Media practice, commented, “With a blue chip list of financial exchange clients and a strong core technology platform, MDS has established itself as the leader in this area of financial services technology. This market-leading position became quite attractive to SS&C and will provide it with an exceptional footprint in the securities trading arena. We are pleased to have successfully connected MDS with a strong and diversified parent company to assist MDS in implementing its growth strategy.”
Micro Design Services, LLC is an industry leader in the design and development of sophisticated software products for the financial industry. MDS provides its customers with outstanding technology, enabling them to compete in a rapidly changing environment. The company created the patented MarketLook™ Information System (MLIS), and designed and developed many of the order management and routing systems used on leading equities, options, and futures exchanges in the U.S. These systems incorporate the latest in wireless radio technology, and mobile tablet computer products. Founded in 1990, MDS is headquartered in Parsippany, New Jersey. www.microdesignservices.com
SS&C Technologies, Inc. delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: insurance entities and pension funds; institutional asset management; hedge funds and family offices; financial institutions; municipal finance; real estate property management; commercial lending; and, corporate treasury.