SS&C completes acquisition of South Africa's Curo Fund Services

WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (Nasdaq:SSNC) has completed its acquisition of Curo Fund Services, a South African fund administration provider, from a joint venture between Sanlam and Old Mutual, according to a press release statement.

The deal, whose financial terms were not disclosed, adds approximately R3 trillion (USD 170.4 billion) in administered assets to SS&C's portfolio. Around 300 employees in Cape Town have joined SS&C as part of the transaction.

The acquired team will be integrated into SS&C Global Investor & Distribution Solutions, led by Nick Wright. The merger aims to provide South African clients with access to SS&C's automation capabilities, data resources and global operational expertise.

Curo Fund Services currently uses several of SS&C's fund accounting and asset servicing technologies. The company stated that existing client administration arrangements will not be affected by the acquisition.

"The team brings deep client relationships and a proven service track record in the growing South African market," said Bill Stone, Chairman and CEO of SS&C. "Together, we will deliver a robust and comprehensive suite of solutions to the region's insurers, asset managers and institutional investors."

The acquisition represents an expansion of SS&C's presence in South Africa, with plans to grow market share across the African continent. Curo serves Sanlam, Old Mutual and various third-party institutional clients.

SS&C Technologies, founded in 1986 and headquartered in Connecticut, provides services and software for financial services and healthcare industries globally, with a workforce of approximately 23,000 employees.

In other recent news, SS&C Technologies Holdings Inc. reported its third-quarter 2025 earnings, surpassing analysts' expectations with an adjusted earnings per share of $1.57, compared to the forecasted $1.47. The company's revenue also exceeded projections, reaching $1.57 billion against a forecast of $1.55 billion. Needham raised its price target on SS&C Technologies to $105 from $100, maintaining a Buy rating, as the company posted record revenues and EBITDA. DA Davidson also reiterated its Buy rating with a $102 target following the strong third-quarter results. UBS continues to maintain a bullish stance with a $112 target, citing SS&C's strategic acquisitions, including the $1.6 billion Blue Prism deal and the planned $1.03 billion Calastone acquisition. In addition, SS&C launched an AI agent catalog designed to simplify complex operations for financial services and healthcare companies. American Life & Security Corp. is among the first to evaluate this new technology for streamlining private credit operations. These developments highlight SS&C's ongoing efforts to innovate and expand its market presence.

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