SS&C continues spending spree, this time acquiring front-office solutions provider Eze Software.
Custodian announces deal to acquire investment management front office service provider Charles River Development in a landmark $2.6 billion deal.
The moves follow the recent appointment of James Nolan as group head of strategy and merger and acquisition.
Client and cost demands are forcing administrators to enhance their offerings by building more tools, or if need be, buying them through acquisitions, writes Jon Watkins.
The deal allows Clearstream to expand its funds services to include management of distribution contracts and data processing.
The revelation comes off the back of its recent agreement to buy DST Systems for $5.4 billion.
The increase comes less than six months after the global exchange group purchased a 4.7% stake in Euroclear from RBS for €275 million.
SS&C Technologies will enter the mutual fund administration market as it continues to aggressively expand through acquisitions.