SS&C Technologies Holdings said June 1 that it closed its buy of CACEIS North America, the fund administration business of CACEIS. Financial terms weren’t announced. CACEIS administers more than $15 billion in alternative assets. SS&C said it will add more than 65 people in Toronto and New York.
WINDSOR, Conn., June 1, 2018 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that it has completed the acquisition of CACEIS North America, the fund administration business of CACEIS.
CACEIS administers more than $15 billion in alternative assets. As a result of the acquisition, SS&C will add more than 65 employees in Toronto and New York.
“CACEIS is an exceptional business and we welcome their clients and staff to SS&C. Today’s announcement enables SS&C to further develop its servicing footprint and provide an expanded service offering to our new and existing clients,” said Bill Stone, Chairman and Chief Executive Officer. “SS&C continues to enhance its position as the single source for our clients’ entire middle and back office needs, bringing significant new asset class capabilities.”
“We are delighted to have found a good home for our customers and staff. We look forward to bringing them more products, services and value through the SS&C offering,” said Tina McInnis, CEO, CACEIS Canada – North America. “We plan to further accelerate our growth by leveraging SS&C’s technology and global footprint to increase our capabilities and expand our market reach.”
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world’s largest institutions to local firms, manage and account for their investments using SS&C’s products and services.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and Facebook.