SSNC - SS&C to acquire Hubwise Holdings in an all-cash transaction

SS&C Technologies Holdings (NASDAQ:SSNC) has entered into a definitive agreement to acquire Hubwise Holdings, which is a regulated U.K. B2B investment platform serving advisers, discretionary wealth managers and self-directed digital D2C propositions. Under the terms, approved by the shareholders of Hubwise, SS&C will purchase Hubwise in an all-cash transaction. The addition of Hubwise enhances SS&C's capabilities in helping its customers to create highly automated and efficient multi-asset, multi-currency and multi-wrapper strategies. "Adding Hubwise is a natural step for our successful existing partnership. In addition, the combination of SS&C and Hubwise will create a unique solution for the adviser and distributor community to better address increasing competitive and regulatory pressures." said Bill Stone, Chairman and CEO.

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SS&C to acquire Hubwise Holdings in an all-cash transaction