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SS&C Technologies To Acquire Curo Fund Services

The acquisition will grow SS&C鈥檚 fund administration business in South Africa

WINDSOR, Conn.--(BUSINESS WIRE)-- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the acquisition of Curo Fund Services, a leading South African provider of fund administration solutions, from a joint venture between Sanlam and Old Mutual. The transaction is subject to approval by the South African Competition Commission. Terms of the deal were not disclosed.

Curo Fund Services administers more than R 3 trillion (USD 170.4 billion) in assets and services Sanlam, Old Mutual and third-party institutional clients. Around 300 employees will join SS&C in Cape Town following the close of the transaction. Curo Fund Services already leverages several of SS&C鈥檚 fund accounting and asset servicing technologies.

The transaction will not affect Curo鈥檚 existing client administration arrangements. SS&C鈥檚 global scale and expertise will enable enhanced solutions and improved service delivery. All parties are committed to ensuring a seamless transition.

鈥淐uro brings deep client relationships and a proven service track record,鈥� said Bill Stone, Chairman and CEO, SS&C. 鈥淭ogether, we will deliver greater efficiency, data-driven insights, and integrated services for the region鈥檚 insurers, asset managers and institutional investors.鈥�

Independently owned by SS&C, Curo will join the Global Investor & Distribution Solutions (GIDS) group led by Nick Wright. This independence provides South African clients with access to a globally scaled technology and services provider, offering enhanced neutrality, innovation, and flexibility. Coupled with SS&C鈥檚 automation, data, and operational expertise, Curo is positioned to expand its fund administration offerings, grow market share, and accelerate growth across South Africa and the African continent.

鈥淲e are proud to be joining the SS&C family,鈥� said Lionel Vice, CEO of Curo Fund Services. 鈥淭his partnership allows us to accelerate our innovation journey and offer a more robust and comprehensive suite of solutions to our clients while continuing to grow our business. SS&C鈥檚 global expertise, commitment to service excellence, and focus on developing the local market align strongly with Curo鈥檚 purpose and vision.鈥�

About Curo

Curo Fund Services is a South African-based fund administrator servicing more than R 3 trillion in assets on behalf of a wide range of financial services clients. With deep industry expertise and a strong record of operational delivery, Curo provides asset managers, investment platforms, and institutional investors with comprehensive fund accounting, investor administration, and regulatory reporting services.

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. More than 22,000 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 .

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For more information

Brian Schell

Chief Financial Officer

SS&C Technologies

Tel: +1-816-642-0915

E-mail: [email protected]

Justine Stone

Investor Relations

SS&C Technologies

Tel: +1-212-367-4705

E-mail: [email protected]

Media Contacts

Sam Gentile

Tel : +1-646-818-9195

E-mail : [email protected]

Source: SS&C