SS&C completes purchase of fund administration business

BY Joe Cooper

HBJ file photo
HBJ file photo
SS&C CEO Bill Stone
Windsor financial-software and services vendor SS&C Technologies Holdings Inc. announced it recently completed another acquisition that will add 65 employees to its ranks.

SS&C finalized its purchase of CACEIS North America, the fund administration business of CACEIS based in Toronto and New York. The 65 employees will be housed there.

Terms of the acquisition were not released.

Bill Stone, chairman and CEO of SS&C, said the acquisition "enables SS&C to further develop its servicing footprint and provide an expanded service offering to our new and existing clients."

CACEIS, which administers over $15 billion in investment fund assets, is known for its fund administration services and support for complex investment strategies.