SS&C – SSNC – Acquires Hedgemetrix
Nasdaq:SSNC), a global provider of financial services software and software-enabled services, announced it has acquired Irving, Texas-based Hedgemetrix. The acquisition adds ten staff and twenty customers, including hedge funds and family offices. Upon completion of the acquisition Hedgemetrix will operate as part of the SS&C GlobeOp business.
SS&C’s latest acquisition strengthens SS&C’s global fund administration business, SS&C GlobeOp, establishes a presence for the company in Dallas and gives SS&C GlobeOp local expertise to offer fund services in the Southwest region.
“This is an exciting growth story for us,” said Jacqueline Freeman, CPA, CFA, Co-Founder, Hedgemetrix LLC. “We are thrilled to become part of SS&C GlobeOp and to be able to offer expanded services to our customers as well as expanded career opportunities for our staff.”
“Like SS&C GlobeOp, Hedgemetrix is focused on fund services, with an excellent reputation for high quality service performed by extremely knowledgeable and professional staff,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “As the leader in independent fund services, we are well positioned with this new acquisition to enhance the services options we provide to our existing customers. SS&C GlobeOp increases our footprint in the south and is an important part of our growth in the United States.”
About Hedgemetrix LLC
Founded in 2002, Hedgemetrix LLC is a boutique full-service fund administrator providing accounting, tax, and consulting services to a wide variety of domestic and offshore hedge funds, private equity funds, funds of funds and their investment managers. Hedgemetrix was founded by Layton and Jacqueline Freeman to provide premium accounting and administration services to funds of all sizes. The principals have over 50 years of financial services industry experience and more than 25 years of alternative investments experience.
About SS&C Technologies – SSNC
SS&C (SSNC) is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SSNC has its headquarters in Windsor, Connecticut and offices around the world. 5,500 financial services organizations, from the worlds’ largest to local financial services organizations, manage and account for their investments using SSNC’s products and services. These clients in the aggregate manage over $16 trillion in assets.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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