SS&C completes BDO Simpson Xavier Fund Administration Services acquisition
SS&C Technologies Holdings, (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.
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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.