SS&C to acquire N. American fund administration business from CACEIS

BY John Stearns

Windsor financial-software and services vendor SS&C Technologies Holdings Inc. has agreed to acquire CACEIS North America, the fund administration business of CACEIS based in Toronto and New York.

The acquisition is expected to close this quarter, subject to customary closing conditions. Terms were not released.

Bill Stone, chairman and CEO of SS&C, said the acquisition "further enhances the depth of our teams and our servicing capability in the Toronto and New York markets."

CACEIS is known for its fund administration services and support for complex investment strategies. The acquisition will add 65 employees, servicing more than $15.8 billion in investment fund assets, SS&C said.