Windsor financial software provider SS&C Technologies Holdings Inc. bought Texas fund services provider Hedgemetrix to enhance SS&C’s services options to existing customers in the Southwest.
The acquisition of Hedgemetrix, based in the Dallas suburb of Irving, adds 10 staff and 20 customers to the SS&C portfolio, officials said Friday.
The move gives SS&C its first presence in the Dallas area and establishes local expertise in the Southwest region.
The financial terms of the acquisition were not disclosed. Hedgemetrix will operate as part of the SS&C GlobeOp business, which focuses on fund services.
Bill Stone, SS&C chairman and chief executive officer, said in a statement he coveted Hedgemetrix to enhance the service offerings and grow the company’s footprint in the U.S.
