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December 13, 2021

SS&C brokers deal to buy UK B2B investment platform Hubwise

By Verdict Staff

SS&C Technologies has signed a deal to buy Hubwise, a UK-based B2B investment platform that caters to discretionary wealth managers, advisers, and self-directed digital D2C propositions.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

The all-cash transaction, whose financial details were not disclosed, is expected to close in 2022.

Founded in 2012, Hubwise provides multi-asset execution, investment operations, technological innovation, and custody and safeguarding of assets to its customers.

The acquisition is expected to expand SS&C’s reach in the UK advise retail market and complement its existing solutions for asset managers and discretionary wealth managers.

It will also enhance the company’s capabilities in helping its customers to set up automated and efficient multi-asset, multi-currency and multi-wrapper strategies.

SS&C chairman and CEO Bill Stone said: “This acquisition brings significant value to our customers engaged in delivering first-class investment and advisory services to their investors.

“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.”

Hubwise’s 58 employees, who serve 51 customers in the UK market, will join SS&C as part of the deal.

Commenting on the deal, Hubwise CEO Angus Macdonald said: “We are thrilled to combine forces with SS&C because we have so many complementary strengths. We look forward to becoming a strategic component of the firm’s wealth and adviser business in the region.”

Last year, SS&C took over Innovest Systems in a cash-stock deal worth $120m.

In 2019, the firm agreed to buy the Investrack business from Dubai-based digital customer engagement solutions provider Globacom Technologies.

It bought Missouri-based based technology provider DST Systems in 2018.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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