Acquisition increases SS&C's enterprise reporting technology and expertise
WINDSOR, Conn., Sept. 2, 2015 /CNW/ -- SS&C Technologies Holdings, Inc. ("SS&C") (Nasdaq: SSNC), a leading global provider of financial services software and software-enabled services, today announced the acquisition of Varden Technologies, a leading provider of client and advisor communication solutions for investment firms.
"This acquisition creates a compelling advantage for SS&C customers as they access, attract and manage assets," commented Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The move reaffirms SS&C as a leader in cloud-based enterprise reporting for financial services firms of all sizes. Combining Varden's end-to-end communication solution with SS&C is a milestone in our strategy to simplify operations for our customers."
Headquartered in Boston, MA, with approximately 31 employees, Varden's client and advisor communications suite unifies advanced print online and wireless communications delivering a rich, interactive, online experience. Varden currently serves 100+ mutual fund, wealth management, and fund administration clients ranging from $50 million to $300 billion in assets under management (AUM).
"Joining SS&C is both a strategic and exciting move for us and our customers," said Perry Harris, President at Varden Technologies. "Combining Varden with SS&C enables us to significantly enhance the scale and power of our platform, and continue to work with our clients to lead the innovation of client reporting and communications."
About SS&C Technologies
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. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $44 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.
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For further information: For more information, Patrick Pedonti, Chief Financial Officer, Tel: +1-860-298-4738, E-mail: InvestorRelations@sscinc.com, Justine Stone, Investor Relations, Tel: +1- 212-367-4705, E-mail: InvestorRelations@sscinc.com, Media Contacts, Sarah Mason, Metia (UK), Tel. +44 (0)20 3100 3613, Email: firstname.lastname@example.org, Megan Griffin, BackBay Communications (US), Tel: +1-617-556-9982 ext.221, Email: email@example.com, http://www.ssctech.com