SS&C Announces Strategic Investment in Combination of Shareholder Servicers Equiniti and AST
SS&C Technologies (Nasdaq: SSNC) announced a strategic investment in a new company formed from the merger of Equiniti and American Stock Transfer & Trust Company (AST), recently acquired by Siris Capital Group. This new entity aims to become a leading provider of shareholder and regulatory technology. SS&C holds a minority stake and sees collaboration opportunities to enhance the investor experience. Nick Wright from SS&C has joined the board, reflecting the firm's commitment to innovation in financial services.
- Strategic investment in a newly formed entity combining Equiniti and AST.
- Creation of a leading provider in shareholder and regulatory technology.
- Opportunities for collaboration to improve investor experience.
- Minority ownership stake enhances SS&C's market position.
- None.
WINDSOR, Conn., Dec. 21, 2021 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced a strategic investment in a newly incorporated company formed by the combination of Equiniti and American Stock Transfer & Trust Company ("AST"), recently acquired by affiliates of Siris Capital Group, LLC (together with its affiliates, "Siris"). Equiniti is a leading U.S. and U.K. provider of shareholder, pension, remediation, and credit technology, and AST is a leading provider of U.S. shareholder technology.
"We are pleased to join Siris in the investor group for Equiniti and AST," said Bill Stone, Chairman and CEO of SS&C Technologies. "We believe there are many opportunities for our organizations to partner in delivering solutions to the global financial services industry. As a leader in financial services outsourcing and solutions, SS&C is also excited to explore how our products and services can help the combined company grow its businesses."
The combination of Equiniti and AST's businesses expects to create a leading international provider of mission-critical shareholder and other complex regulatory technology to meet the evolving needs of its customers, employees, and other stakeholders. SS&C has acquired a minority ownership stake in the new combined entity.
"We see shareholder servicing as complementary to the investor servicing business," said Nick Wright, Head of Global Investor and Distribution Solutions for SS&C Technologies, who has joined the board of directors of the combined company. "Transfer agents are facing the same challenges and opportunities as shareholder servicers to improve the end investor experience, and we look forward to exploring ways we can collaborate with Equiniti and AST on this mission."
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
Additional information about
SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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SOURCE SS&C
FAQ
What strategic investment did SSNC announce on December 21, 2021?
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