Windsor-based SS&C Technologies Holdings Inc. has completed its acquisition of Curo Fund Services, a South African fund administrator, the company announced Tuesday.
The financial technology company acquired Curo from a joint venture between Sanlam and Old Mutual. Terms of the deal were not disclosed.
Curo administers more than 3 trillion rand, equivalent to $170.4 billion, in assets for Sanlam, Old Mutual and other institutional clients. About 300 employees in Cape Town joined SS&C as part of the deal.
Curo already uses several of SS&C’s fund accounting and asset servicing technologies. The company said the acquisition will not affect Curo’s existing client administration arrangements.
SS&C provides software and services to financial services and healthcare organizations. The company said it serves more than 23,000 clients globally, ranging from large corporations to small and midsize firms.
Founded in 1986, SS&C is headquartered in Windsor and maintains offices worldwide.
