WINDSOR, Conn., Sept. 8, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc., (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced the completion of its acquisition of BDO Simpson Xavier Fund Administration Services Limited, a division of BDO.
The finalized agreement, first announced on August 19, 2011, adds the Dublin-based fund administrator to SS&C's existing global fund administration business. The addition of the regulated and operational office in Dublin provides SS&C entry into the strategically important European regulated funds market, providing support for additional fund structures, including UCITS and QIF funds. SS&C is rapidly moving towards deploying its advanced portal and mobile technologies to the European marketplace.
SS&C's global fund administration business has $224 billion in assets under administration and approximately 500 staff to service the hedge fund, fund of funds, private equity and managed accounts industry. A full service independent fund administrator, SS&C provides middle and back office services on its proprietary technology platform including net asset value computations, risk analytics, investor services and reporting and web services.
About SS&C Technologies
Celebrating its 25th year, SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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