Press release
SS&C Completes Acquisition of Iress' Managed Funds Administration Business
WINDSOR, Conn., Oct. 1, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has completed its acquisition of the managed
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"WINDSOR, Conn., Oct. 1, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has completed its acquisition of the managed funds administration (MFA) business from Iress Limited.\n\n \n \n \n \n \n \n\n \nAround 150 team members have joined SS&C Global Investor & Distribution Solutions, reporting to Euan McLeod, Head of Transfer Agency, APAC. \n\"We are pleased to welcome the MFA team's employees, customers and partners,\" said Bill Stone, Chairman and CEO. \"SS&C helps asset managers globally to streamline operations, reduce risk, strengthen compliance and serve clients more effectively. We look forward to working with the MFA team to enhance our services in Australia and deliver solutions to this growing market.\"\nForward-Looking Statements\nCertain information contained in this press release constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company's clients operate, and the other risks discussed in the \"Risk Factors\" section of the Company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission and can also be accessed on our website. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements.\nAbout Iress\nIress (IRE.ASX) is a technology company providing software to the financial services industry. \nWe provide software and services for trading & market data, financial advice, investment management, mortgages, superannuation, life & pensions and data intelligence. \nOur...