Canadian software as a service company Solium Capital Inc. will be acquired by U.S.-based investment bank and financial services company Morgan Stanley.

Under the pact, Morgan Stanley will buy Solium Capital at $14.42 per share in cash in a deal with an equity value of 1.1 billion Canadian dollars ($828.1 million).

Morgan Stanley said that the move will bring together a major stock plan administration platform with a leading Wealth Management business.

The transaction, which will be completed in the second quarter, will have minimal impact on Morgan Stanley’s earnings and capital ratios.