SS&C Technologies Completes Acquisition of Curo Fund Services
SS&C Technologies Holdings, Inc. (SSNC)
Last ss&c technologies holdings, inc. earnings: 4/30 04:05 pm
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Source: Business Wire
The acquisition will grow SS&C’s business in South Africa WINDSOR, Conn.--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has completed the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. Terms of the deal were not disclosed.Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees have joined SS&C in Cape Town. The team will be part of SS&C Global Investor & Distribution Solutions, led by Nick Wright. The merger will provide South African clients with access to SS&C’s automation, data and global operational expertise. Curo is positioned to expand its fund administration offerings, grow market share and accelerate growth across South Africa and the African continent.Curo Fund Services already leverages several of SS&C’s fund accounting and asset
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