SS&C Technologies Acquires Curo Fund Services, Expands African Presence

SS&C Technologies has acquired Curo Fund Services, a South African provider of fund administration solutions, for an undisclosed sum. The deal will not affect Curo's existing client administration arrangements and will enhance solutions and service delivery for the region's insurers, asset managers, and institutional investors. Curo administers over R3 trillion ($170.4 billion) in assets and will join SS&C's Global Investor & Distribution Solutions group.

SS&C Technologies (Nasdaq: SSNC), a global provider of services and software for the financial services and healthcare industries, has announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions. The acquisition, which is subject to approval by the South African Competition Commission, aims to bolster SS&C's fund administration business in South Africa.

Curo Fund Services, which administers over R3 trillion (USD 170.4 billion) in assets, will join SS&C's Global Investor & Distribution Solutions (GIDS) group. The deal will not affect Curo's existing client administration arrangements, ensuring a seamless transition for its clients. SS&C's global scale and expertise will enable enhanced solutions and improved service delivery for the region's insurers, asset managers, and institutional investors.

Bill Stone, Chairman and CEO of SS&C, commented, "Curo brings deep client relationships and a proven service track record. Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region’s insurers, asset managers, and institutional investors." Lionel Vice, CEO of Curo Fund Services, expressed pride in joining the SS&C family, stating that the partnership will accelerate innovation and offer a more comprehensive suite of solutions to clients.

The acquisition underscores SS&C's commitment to expanding its global footprint and enhancing its capabilities in the fund administration sector. Curo's independence within SS&C will provide South African clients with access to a globally scaled technology and services provider, offering enhanced neutrality, innovation, and flexibility.

References:
[1] https://finance.yahoo.com/news/ss-c-technologies-acquire-curo-090000995.html