SS&C has entered into a non-binding proposal to buy GBST for approximately $155 million.
Tag: SS&C Technologies
As traditional fund administration services become commoditised it is no longer an accurate comparison factor between providers, according to new research.
SS&C has reported 20 of its largest clients have outsourced some or all of their operational functions to the tech giant over the past two years.
The mandate represents the successful integration of front-office technology firm Eze Software with SS&C GlobeOp.
A former 20-year veteran of BNY Mellon has joined SS&C Technologies to drive business development for asset managers.
Hedge fund administration has been cited as the perfect testing ground for new technologies, such as artificial intelligence and natural language processing.
Revenues for the technology giant more than doubled and reached nearly $3.5 billion for the end of 2018.
Haggart previously served as head of fund accounting, and prior to joining SS&C in March 2017 he spent almost nine years at EY in Luxembourg.
SS&C Technologies completes purchase of Eze Software shortly after State Street completes its acquisition of Charles River.
SS&C will provide administration, fund accounting, distribution, compliance and transfer agency services for the fund through the recently acquired ALPS.