REG - SS&C Technologies - SS&C Completes Acquisition, Hubwise Securities Ltd

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RNS Number : 9866F  SS&C Technologies Hldgs Inc  25 March 2022

SS&C Completes Acquisition of Hubwise Securities Limited

 

WINDSOR, CT, March 25, 2022 (PR NEWSWIRE) - SS&C Technologies Holdings,
Inc.
(https://www.ssctech.com/?utm_campaign=SSC2022-Enterprise-Press-Release-0322&utm_medium=pressrelease&utm_source=prnews&utm_content=SSC-Completes-Hubwise-Acquisition)
(Nasdaq: SSNC) today announced it has completed its acquisition of Hubwise
Holdings Limited ("Hubwise"). Hubwise is a regulated B2B investment platform
serving advisers, discretionary wealth managers and self-directed digital D2C
propositions.

"We are pleased to announce the completion of this strategic acquisition for
SS&C," said Bill Stone, Chairman and CEO. "The partnership demonstrates
our commitment to the global wealth marketplace across the full spectrum of
self-serve and adviser-driven propositions."

Under the terms of the agreement, approved by Hubwise shareholders, SS&C
purchased the firm in an all-cash transaction. The acquisition adds 58
employees serving 51 customers in the U.K. Angus MacDonald will continue to
lead Hubwise and report to Nick Wright, Head of Global Investor and
Distribution Solutions (GIDS). SS&C is the largest global transfer agency
provider, servicing more than 55 million investors.

Following the acquisition, SS&C will leverage its scale and investment in
digital services to target the U.K.-advised retail investment market. The
addition of Hubwise enhances SS&C's capacity to help customers create
highly automated and efficient multi-asset, multi-currency and multi-wrapper
strategies.

"We are all excited that the change of control is complete. Now, Hubwise can
focus on delivering service excellence to our customers while adding more
strategic value for our customers to leverage through the broader SS&C
partnership," said Angus Macdonald, Chief Executive Officer at Hubwise.

Forward-Looking Statements

Certain information contained in this press release
constitute forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, expectations, intentions, projections, developments, future
events, performance, underlying assumptions, and other statements that are
other than statements of historical facts.  Such statements reflect
management's best judgment based on factors currently known but are subject
to risks and uncertainties, which could cause actual results to differ
materially from those anticipated. Such risks and uncertainties include, but
are not limited to, the state of the economy and the financial services
industry and other industries in which the Company's clients operate, and the
other risks discussed in the "Risk Factors" section of the Company's most
recent Annual Report on Form 10-K, which is on file with the Securities and
Exchange Commission and can also be accessed on our website.  Forward-looking
statements speak only as of the date on which they are made and, except to the
extent required by applicable securities laws, we undertake no obligation to
update or revise any forward-looking statements.

About Hubwise

Hubwise Securities is a ground-breaking, innovative and regulated technology
business, founded in 2012 and developed by a group of highly experienced
financial services professionals.

The Hubwise service is built on four core components; Technological
Innovation, Multi-asset Execution, Investment Operations and Custody &
Safeguarding of Assets.

Hubwise is regulated by the Financial Conduct Authority, is a member firm of
the London Stock Exchange to enable control of execution across multiple asset
types, is an HMRC-approved ISA plan manager and is a member of CREST.

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
(file:///C:/Users/Justine.Stone/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/4Q959JS1/www.ssctech.com)
.

Follow SS&C on Twitter, Linkedin and Facebook.

 

For more information

Patrick Pedonti | Chief

Financial Officer, SS&C

Technologies

Tel: +1-860-298-4738 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Justine Stone | Investor

Relations, SS&C Technologies

Tel: +1- 212-367-4705 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Media Contacts

Jess Stefanowicz

PAN Communications

Tel: (617) 502-4375

E-mail: ssc@pancomm.com (mailto:ssc@pancomm.com)

 

 

 

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