SS&C Technologies Expands Footprints In Australia With Acquisition Of Iress' Managed Funds Administration Business: Term Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
SS&C Technologies has expanded its operations in Australia through the acquisition of Iress' Managed Funds Administration Business. The terms of the deal were not disclosed.
August 21, 2023 | 4:43 am
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POSITIVE IMPACT
SS&C Technologies' acquisition of Iress' Managed Funds Administration Business could potentially boost its presence and revenue in Australia.
Acquisitions often lead to an increase in market share and potential revenue growth. Given that this acquisition expands SS&C's operations in Australia, it could potentially boost its presence and revenue in the region. However, the impact will depend on the successful integration of the acquired business and the market response.
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