SS&C Technologies Holdings Inc. (Nasdaq: SSNC) is buying Primatics Financial from the Carlyle Group (Nasdaq: CG) for $122 million.

McLean, Virginia-based Primatics provides accounting, forecasting, regulatory reporting, reserving and stress testing for financial institutions that hold or acquire loans. The business uses cloud-based software to provide services, and has been backed by private equity giant Carlyle since 2011.

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