SS&C Acquires Varden Technologies
cquisition increases SS&C's enterprise reporting technology and expertise
SS&C Technologies Holdings, Inc. ("SS&C") (Nasdaq: SSNC), a leading global provider of financial services software and software-enabled services, today announced the acquisition of Varden Technologies, a leading provider of client and advisor communication solutions for investment firms.
"This acquisition creates a compelling advantage for SS&C customers as they access, attract and manage assets," commented Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "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."
Headquartered in Boston, MA, with approximately 31 employees, Varden's client and advisor communications suite unifies advanced print online and wireless communications delivering a rich, interactive, online experience. Varden currently serves 100+ mutual fund, wealth management, and fund administration clients ranging from $50 million to $300 billion in assets under management (AUM).
"Joining SS&C is both a strategic and exciting move for us and our customers," said Perry Harris, President at Varden Technologies. "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."