The global financial technology house has made another acquisition.

SS&C Technologies, the fintech firm which bought Advent Software earlier this year, has also acquired Primatics Financial for around $122 million on a cash and debt free basis from The Carlyle Group.

The acquisition is expected to close in the fourth quarter of 2015. Primatics has 384 employees, 2014 annual revenues of $51 million and adjusted earnings before interest, taxation, depreciation and amortisation of $12 million.

Headquartered in McLean, Virginia, Primatics operates in the fields of accounting, forecasting, regulatory reporting, reserving and stress testing solutions to financial institutions holding or acquiring loans.

The Primatics EVOLV platform is a cloud-based, integrated risk and finance solution designed to tackle the end-to-end process challenges impacting all loan lifecycle events facing financial institutions of all sizes.

SS&C will integrate EVOLV with its portfolio of accounting software solutions, it said in a statement yesterday.