SS&C Acquires Wells Fargo’s Global Fund Services Business

WINDSOR, Connecticut, September 14, 2016

SS&C Technologies Holdings, Inc., a global provider of financial services software and software-enabled services, today announced the acquisition of Wells Fargo Global Fund Services (“GFS”), a leading provider of comprehensive administration, middle-office, operations and cash/collateral management services to alternative investment managers.

GFS administers more than $42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income, credit, distressed, structured credit, macro, equity, commodities, CDO, CLO, private equity, private debt, real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in, Hong Kong, London, New York, Minneapolis and Singapore.

“Wells Fargo’s Global Fund Services is well known for its expertise in administering real estate equity and credit strategies. The acquisition of GFS will create a compelling advantage for our customers as they access and manage sophisticated asset classes,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “This transaction will expand our capabilities in the global fund market, reinforcing SS&C at the forefront among fund administration and extending our strong cloud-based platform for future growth.”

The combination of GFS’ high touch customer service and customized solutions, primarily to single manager hedge funds, private equity funds and hybrid funds, with differentiated capabilities in serving complex fund strategies with SS&C enables a flexible and comprehensive platform to manage a fund’s middle and back office. SS&C provides funds with the technology and expertise needed to manage sophisticated asset strategies — in new and innovative ways to ensure their clients can take advantage of any market opportunity.

“Joining with SS&C will allow us to dramatically accelerate our global growth plans and pace of innovation,” said Chris Kundro, head of GFS. “SS&C’s innovations in cloud, mobility and fund technology are transforming investment management. This acquisition will create even more value for our customers and will benefit employees as they become part of one of the largest and most reputable fund administrators.”

The transaction is subject to approvals by relevant regulatory authorities and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2016.