Acquisition of leading digital services provider adds more than 400 clients
WINDSOR, Conn., Oct. 31, 2017 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced its acquisition of Modestspark, a leading digital service provider to financial advisors and wealth management firms. Founded in 2014 and based in Redmond, Washington, Modestspark has more than 400 current clients.
Modestspark offers client portal and client experience enrichment tools that will become deeply integrated with SS&C's portfolio accounting solutions, including Advent Portfolio Exchange® and Axys®. Modestspark's two employees, co-founders, Brad Demeter and Brian Bero, will join SS&C Advent and continue to support their existing clients utilizing other portfolio accounting solutions.
"We are excited to join forces with the Modestspark team, who share our passion for providing innovative technology solutions. By combining with SS&C, we can amplify Modestspark's value," said Robert Roley, Managing Director and General Manager, SS&C Advent. "Modestspark's client portal capabilities ensure we have a diverse range of solutions to fit our client's unique needs."
"We are excited to be part of SS&C as it gives us new opportunities to grow Modestspark's footprint. As we integrate our solution with SS&C's leading technology platforms, we look to fulfill our vision to help more firms achieve more streamlined client communications," said Demeter.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 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.
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For further information: Patrick Pedonti | Chief Financial Officer, SS&C Technologies, Tel: +1-860-298-4738 | E-mail: InvestorRelations@sscinc.com; Justine Stone | Investor Relations, SS&C Technologies, Tel: +1-212-367-4705 | E-mail: InvestorRelations@sscinc.com; Media Contacts: Randi Casciano, PAN Communications, Tel: (617) 502-4328, E-mail: email@example.com, http://www.ssctech.com