SS&C Technologies, a provider of financial services software and software-enabled services, has purchased Varden Technologies, a provider of client and advisor communication solutions for investment firms.
Varden’s client and advisor communications suite combines advanced print online and wireless communications delivering an interactive, online experience.
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It currently serves 100 plus mutual fund, wealth management, and fund administration clients ranging from $50m to $300bn in assets under management.
SS&C Technologies chairman and CEO Bill Stone said: "This acquisition creates a compelling advantage for SS&C customers as they access, attract and manage assets.
"The move reaffirms SS&C as a leader in cloud-based enterprise reporting for financial services firms of all sizes. Combining Varden’s end-to-end communication solution with SS&C is a milestone in our strategy to simplify operations for our customers."
Varden Technologies president Perry Harris said: "Combining Varden with SS&C enables us to significantly enhance the scale and power of our platform, and continue to work with our clients to lead the innovation of client reporting and communications."
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By GlobalDataFinancial terms of the transaction were not disclosed.
