SS&C Technologies acquires Iress’ managed funds division
In a significant move that solidifies its stronghold in the global financial services sector, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a foremost provider of services and software for the financial and healthcare sectors, has announced the successful acquisition of the Managed Funds Administration (MFA) business from Iress Limited, a leading technology company in the financial software arena.
Team Expansion Under SS&C’s Banner
Further enhancing SS&C’s Global Investor & Distribution Solutions division, around 150 dedicated team members from the MFA segment have seamlessly transitioned to SS&C. All these professionals now report to Euan McLeod, the esteemed Head of Transfer Agency for the Asia-Pacific region.
Bill Stone Welcomes the MFA Team
Bill Stone, the Chairman and CEO of SS&C Technologies Holdings, Inc., warmly welcomed the incoming employees, their clientele, and collaborative partners from the MFA division. “SS&C has a rich history of aiding asset managers worldwide, streamlining operations, bolstering compliance, diminishing risk, and amplifying client engagement,” said Stone. He further conveyed his enthusiasm about the synergy, emphasizing the potential for enhanced services in Australia and tapping into its burgeoning market.
About Iress Limited
For those unfamiliar, Iress (IRE.ASX) is not just another player in the tech realm. They have carved a niche for themselves by providing top-tier software solutions tailored for the financial services industry. Their expertise spans a broad spectrum – from trading & market data, financial advice, and investment management to mortgages, superannuation, life & pensions, and data intelligence.
SS&C Technologies: Three Decades of Excellence
Founded in 1986, SS&C Technologies is not just a name; it’s a legacy. With its global headquarters in Windsor, Connecticut, the company boasts a worldwide presence, offering unmatched software and services for industries critical to the global economy – financial services and healthcare.