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SS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business

PR Newswire - Sun Aug 20, 2023

Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia

WINDSOR, Conn., Aug. 20, 2023 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a definitive agreement to acquire the managed funds administration (MFA) business from Iress, a leading Australian financial services technology company. The MFA business is one of Australia's largest third-party fund registries, with around AUD900 billion in managed assets across over 1,400 funds, four custodians and 69 fund managers. The deal is expected to close in Q3 2023.

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