DGAP-News: SS&C to Acquire Dublin-Based Fund Administration Business

(firmenpresse) - SS&C Technologies

19.08.2011 15:20
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Expands Global Client Base and Geographic Footprint

WINDSOR, Conn., 2011-08-19 15:20 CEST (GLOBE NEWSWIRE) --
SS&C Technologies Holdings, Inc., (Nasdaq:SSNC), a global provider of
investment and financial software-enabled services and software, today
announced it has entered into a definitive agreement to acquire BDO Simpson
Xavier Fund Administration Services Limited, a division of BDO. The change of
ownership was approved by the Central Bank of Ireland on the 12th of August
2011. The new division of SS&C will be known as SS&C Fund Services Ireland
Limited. The transaction is subject to customary closing conditions and is
expected to close before the end of August 2011.

The addition of the regulated, fully staffed 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.

'The BDO business is highly complementary to our existing business. We have
been evaluating the Dublin market for over a year and we found a quality
organization with excellent clients,' said David Reid, Senior Vice-President
and Managing Director, SS&C International. 'We will be bringing our advanced
portal and mobile technologies and believe we will create the most
technologically advanced administrator in Ireland.'

'We are pleased SS&C, a world-class fund administrator with 223 billion in
assets under administration, is acquiring this business,' said Derry Gray,
Managing Partner, BDO. 'SS&C invests heavily in people, process and technology,
and all of our partners here at BDO feel very comfortable in having our former
clients and staff in SS&C's hands.'

About BDO



BDO is the fifth largest accountancy firm in Ireland and is a member of the BDO
International network, the world's fifth largest accounting network. BDO have
Audit, Tax and Advisory experts working in Dublin, Limerick and Belfast with
466 staff nationally and a turnover of [Eur]63m for the last financial year. The
BDO International network provides professional services in 119 countries, with
almost 47,000 people working out of 1,082 offices worldwide and a combined
income of $5.28 billion in 2010.

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.

Follow SS&C on Twitter, LinkedIn and Facebook.

The SS&C Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8587


Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com
News Source: NASDAQ OMX



19.08.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SS&C Technologies


United States
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ISIN: US9901258254
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End of Announcement DGAP News-Service

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Bereitgestellt von Benutzer: EquityStory
Datum: 19.08.2011 - 15:20 Uhr
Sprache: Deutsch
News-ID 464767
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