SS&C has acquired Varden Technologies, a communication solution provider for investment firms.
Based in Boston, Varden provides a client and advisor suite that connects print, online and wireless communications, creating an interactive online solution.
It serves over 100 mutual fund, wealth management and fund administration clients with assets under management ranging from $50 million to $300 billion.
Bill Stone, chairman and CEO of SS&C Technologies said: "This acquisition creates a compelling advantage for SS&C customers as they access, attract and manage assets.”
He added: “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.”
President of Varden Technologies 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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