SS&C Acquires Alternative Investor Services Business from Citi

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Acquisition Expands SS&C Fund Administration Global Footprint

WINDSOR, Connecticut., Aug 18, 2015 / PRNewswire / – SS&C Technologies Holdings, Inc. (“SS&C”) (Nasdaq: SSNC), a leading global provider of financial services software and software services, today announced the acquisition of Citigroup’s Alternative Investor Services activity, which includes Hedge Fund Services and Private Equity Fund Services, to $ 425 million, subject to certain adjustments.

“This acquisition fits perfectly with SS&C’s strategy of combining organic growth with selected, high-quality acquisitions. Citi Alternative Investor Services clients can be assured of SS&C’s commitment to continue serving them with world-class people, processes and technology. We are excited by adding these talented employees and look forward to the ideas and passion they will bring to our organization, ”commented Bill Pierre, Chairman and CEO of SS&C Technologies.

SS&C is a leading fund administrator for onshore and offshore hedge funds, funds of funds and private equity funds. SS&C leverages its proprietary technology and expertise to help funds achieve their growth goals.

The transaction is subject to the approvals of the relevant regulatory authorities and other customary closing conditions. The transaction is expected to be finalized in the first quarter of 2016.

About SS&C Technologies

SS&C is a global provider of investment services and financial software and software focused exclusively on the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and offices around the world. Some 10,000 financial services organizations, from the world’s largest institutions to local businesses, manage and account for their investments using SS&C products and services. These clients collectively manage more than 44 trillion dollars in assets.

Additional information on SS&C (NASDAQ: SSNC) can be found at www.ssctech.com.

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SOURCE SS&C

Related links

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