SS&C Reaches Definitive Agreement to Acquire Hubwise Holdings Limited

WINDSOR, Connecticut, December 9, 2021 / PRNewswire / – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that it has entered into a definitive agreement (the “Agreement”) to acquire Hubwise Holdings Limited (“Hubwise”). Hubwise is a UK regulated B2B investment platform serving advisers, discretionary wealth managers and self-directed digital D2C proposals.

Under the terms of the deal, approved by Hubwise shareholders, SS&C will purchase Hubwise in an all-cash transaction. The acquisition adds 58 employees serving 51 customers in the UK. The transaction is expected to close in 2022, subject to customary closing conditions, including regulatory approvals.

Acquisition enables SS&C to leverage its scale and digital services investments to target the UK advised retail market, complementing its industry-leading solutions for asset managers and discretionary wealth managers . The addition of Hubwise enhances SS&C’s ability to help clients create highly automated and efficient multi-asset, multi-currency, and multi-wrapper strategies.

“We are delighted to welcome the Hubwise team and customers to SS&C. This acquisition brings significant value to our clients engaged in providing first class investment and advisory services to their investors, ”said Bill Pierre, President and CEO. “The addition of Hubwise is a natural step for the success of our existing partnership. Additionally, the combination of SS&C and Hubwise will create a unique solution for the advisor and distributor community to better respond to growing competitive and regulatory pressures. ”

“We are delighted to combine our strengths with those of SS&C because we have so many complementary strengths. We look forward to becoming a strategic part of the company’s wealth management and advisory business in the region, ”said Angus macdonald, CEO of Hubwise. “Additionally, the acquisition opens an exciting chapter for our employees and customers.”

About Hubwise

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 custody and safeguard of assets.

Hubwise is regulated by the Financial Conduct Authority, is a member company of the London Stock Exchange to provide execution control on multiple types of assets, is an ISA plan manager approved by the HMRC 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 healthcare and financial services organizations, from the world’s largest corporations to small and medium-sized enterprises, rely on SS&C for expertise, scale and technology.

Additional information on SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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SOURCE SS&C

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