SS&C, a leading global provider of financial services software and solutions, has announced the signing of a definitive agreement to acquire Iress’ Managed Funds Administration Business. This strategic move is set to bolster SS&C’s position in the financial services industry and expand its portfolio of offerings. The acquisition of Iress’ Managed Funds Administration Business marks a significant milestone for SS&C. With this deal, SS&C aims to enhance its capabilities in the managed funds administration space, providing clients with a comprehensive suite of services to meet their evolving needs.
Iress’ Managed Funds Administration Business is renowned for its expertise in delivering innovative solutions for fund managers, custodians, and administrators. The acquisition will enable SS&C to leverage Iress’ industry-leading technology and domain knowledge, further strengthening its position as a trusted partner for financial institutions worldwide. The move comes at a time when the demand for managed funds administration services is on the rise. As the financial industry becomes increasingly complex, fund managers and administrators require sophisticated tools and platforms to streamline their operations and meet regulatory requirements. By acquiring Iress’ Managed Funds Administration Business, SS&C aims to address these needs and provide clients with a seamless and efficient experience.
The transaction is subject to customary closing conditions and regulatory approvals. Once completed, SS&C will integrate Iress’ Managed Funds Administration Business into its existing suite of solutions, leveraging its global reach and extensive client base to drive growth and deliver value to stakeholders. Commenting on the acquisition, Bill Stone, Chairman and CEO of SS&C, expressed his enthusiasm for the deal, stating, “We are excited to welcome Iress’ Managed Funds Administration Business into the SS&C family. This acquisition aligns with our strategic vision of expanding our capabilities and delivering best-in-class solutions to our clients. We look forward to leveraging the expertise and technology of Iress to drive innovation and create value for our clients.”
The financial terms of the agreement have not been disclosed at this time. However, both SS&C and Iress are committed to ensuring a smooth transition for clients and employees throughout the integration process. As SS&C moves forward with this acquisition, it solidifies its position as a key player in the financial services industry. By expanding its portfolio and leveraging the strengths of Iress’ Managed Funds Administration Business, SS&C is poised to deliver enhanced value and innovation to its clients, further cementing its reputation as a trusted partner in the global financial marketplace.
