SS&C Completes Acquisition of Hubwise Securities Limited
WINDSOR, Conn., March 25, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that it has completed the acquisition of Hubwise Holdings Limited (“Hubwise”). Hubwise is a regulated B2B investment platform serving advisors, discretionary wealth managers, and self-managed digital D2C propositions.
“We are pleased to announce the completion of this strategic acquisition for SS&C,” said bill stone, President and CEO. “The partnership demonstrates our commitment to the global wealth marketplace through the full suite of self-service and advisor-focused offerings.”
Under the terms of the agreement, approved by Hubwise shareholders, SS&C purchased the company in an all-cash transaction. Acquisition adds 58 employees serving 51 UK customers Angus MacDonald will continue to lead Hubwise and report to Nick Wright, Head of Global Solutions for Investors and Distribution (GIDS). SS&C is the world’s largest provider of transfer agencies, serving over 55 million investors.
Following the acquisition, SS&C will leverage its scale and investments in digital services to target the UK retail investment advisory market. The addition of Hubwise strengthens SS&C’s ability to help clients create highly automated and efficient multi-asset, multi-currency and multi-wrapper strategies.
“We are all delighted that the change of control has been completed. Now Hubwise can focus on providing excellent service to our customers while adding additional strategic value to our customers through the broader SS&C partnership,” said Angus MacdonaldCEO of Hubwise.
Certain information contained in this press release constitutes forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, objectives, goals, strategies , expectations, intentions, projections, developments, future events, performance, underlying assumptions and other statements other than statements of historical fact. These 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. These 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, as well as the other risks discussed in the section “ Risk Factors” of the Company’s latest annual report. Report on Form 10-K, which is filed with the Securities and Exchange Commission and can also be viewed on our website. Forward-looking statements speak only as of the date 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.
Hubwise Securities is a revolutionary, innovative and regulated technology company, founded in 2012 and developed by a group of highly experienced financial services professionals.
The Hubwise service is based on four main components; Technological innovation, multi-asset execution, investment operations, and asset custody and backup.
Hubwise is regulated by the Financial Conduct Authority, is a member firm of the London Stock Exchange to enable execution monitoring 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 largest global enterprises to small and midsize enterprises, rely on SS&C for their expertise, scale and technology.
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SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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