SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced it has acquired Irving, Texas-based Hedgemetrix.
The acquisition adds ten staff and twenty customers, including hedge funds and family offices. Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
SS&C's latest acquisition strengthens SS&C's global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
"This is an exciting growth story for us," said Jacqueline Freeman, CPA, CFA, Co-Founder, Hedgemetrix LLC. "We are thrilled to become part of SS&C GlobeOp and to be able to offer expanded services to our customers as well as expanded career opportunities for our staff."
"Like SS&C GlobeOp, Hedgemetrix is focused on fund services, with an excellent reputation for high quality service performed by extremely knowledgable and professional staff," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "As the leader in independent fund services, we are well positioned with this new acquisition to enhance the services options we provide to our existing customers. SS&C GlobeOp increases our footprint in the south and is an important part of our growth in the United States."