SS&C Technologies shares fall 1.31% premarket after acquiring Curo Fund Services.

Ss&C Technologies Holdings, Inc. fell 1.31% in premarket trading. The company announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed. Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees will join SS&C in Cape Town following the close of the transaction.