SS&C Invests in Combination of Shareholder Servicers Equiniti and AST

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced an investment in a newly incorporated firm established by the combination of Equiniti and American Stock Transfer & Trust Company, recently acquired by affiliates of Siris Capital Group, LLC (together with its affiliates, “Siris”).

The announcement noted that Equiniti is a US and UK provider of shareholder, pension, remediation, and credit technology, and AST is a provider of U.S. shareholder tech.

Bill Stone, Chairperson and CEO of SS&C Technologies, stated:

“We are pleased to join Siris in the investor group for Equiniti and AST. 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,” the update noted.

SS&C has acquired “a minority ownership stake in the new combined entity,” the announcement confirmed.

Nick Wright, Head of Global Investor and Distribution Solutions for SS&C Technologies, who has joined the board of directors of the combined companym remarked:

“We see shareholder servicing as complementary to the investor servicing business. 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.”

As noted in a release, SS&C is an international provider of services and software for the financial services and healthcare industries.

Established in 1986, SS&C maintains heads offices in Windsor, Connecticut, and has offices across the globe.

Around 18,000 financial services and healthcare organizations, from the world’s largest firms to small and mid-market businesses, depend on SS&C “for expertise, scale, and technology.”

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