{"id":21332,"date":"2023-08-20T22:30:00","date_gmt":"2023-08-20T22:30:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4188502_AE88502_0"},"modified":"2023-08-20T22:30:00","modified_gmt":"2023-08-20T22:30:00","slug":"ssc-signs-definitive-agreement-to-acquire-iress-managed-funds-administration-business","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=21332","title":{"rendered":"SS&C Signs Definitive Agreement to Acquire Iress’ Managed Funds Administration Business"},"content":{"rendered":"\n\n\n
<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia<\/span><\/p>\n

WINDSOR, Conn.<\/span>, Aug. 21, 2023<\/span> \/PRNewswire\/ — SS&C Technologies Holdings, Inc.<\/a> (Nasdaq: SSNC) today announced a definitive agreement to acquire the managed funds administration (MFA) business from Iress, a leading Australian financial services technology company. The MFA business is one of Australia’s<\/span> largest third-party fund registries, with around AUD900 billion in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close in Q3 2023.<\/p>\n

The acquisition bolsters SS&C’s position as the world’s leading transfer agent, significantly expanding its offering in Australia<\/span> with top-of-the-line unit registry capabilities. Around 150 team members are expected to join SS&C Global Investor & Distribution Solutions, which focuses on transfer, unit and platform agency and administration. They will report to Euan McLeod<\/span>, Head of Transfer Agency, APAC.<\/p>\n

The MFA team will augment SS&C’s capabilities with a full range of outsourced unit registry capabilities for Australian fund managers and custodians. Iress’ clients will enjoy the same outstanding service backed by SS&C’s size, scale and comprehensive member and investor servicing capabilities.<\/p>\n

“We are delighted to welcome the MFA team and their customers to SS&C,” said Bill Stone<\/span>, Chairman and CEO, SS&C Technologies. “Today’s announcement enables SS&C to further develop its fund servicing footprint in Australia<\/span> and elevate our global transfer agency capabilities. We are deeply committed to this region and look forward to expanding Australian asset managers’ access to best-in-class digital servicing, data solutions and servicing support across the investment management lifecycle. Our mission is to deliver the same high-quality processing and investor experience to our global clients wherever they conduct their business.”<\/p>\n

“SS&C is a natural home for the MFA business,” said Marcus Price<\/span>, Iress’ Group CEO. “They share our strong belief in supporting the financial services community through technology-powered solutions. We are confident SS&C is well placed to invest in the growth of the business for the benefit of both its clients and people.”<\/p>\n

About Iress<\/b><\/p>\n

Iress (IRE.ASX) is a technology company providing software to the financial services industry.<\/p>\n

We provide software and services for trading & market data, financial advice, investment management, mortgages, superannuation, life & pensions and data intelligence.<\/p>\n

Our software is used by more than 10,000 businesses and 500,000 users globally. We have over 2,000 people based in Asia-Pacific<\/span>, North America<\/span>, Africa<\/span>, the UK and Europe<\/span>.<\/p>\n

About SS&C Technologies<\/b><\/p>\n

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut<\/span>, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.<\/p>\n

Additional information about
SS&C (Nasdaq:SSNC) is available at www.ssctech.com<\/a><\/u>.
Follow SS&C on Twitter, Linkedin and Facebook.<\/p>\n

Logo – https:\/\/mma.prnasia.com\/media2\/692536\/SSC_Logo.jpg?p=medium600<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia WINDSOR, Conn., Aug. 21, 2023 \/PRNewswire\/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a definitive agreement to acquire the managed funds administration (MFA) business from Iress, a leading Australian financial services technology company. The MFA business is one of Australia’s largest third-party fund registries, […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-21332","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nSS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=21332\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business - My Blog\" \/>\n<meta property=\"og:description\" content=\"Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia WINDSOR, Conn., Aug. 21, 2023 \/PRNewswire\/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a definitive agreement to acquire the managed funds administration (MFA) business from Iress, a leading Australian financial services technology company. 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