SS&C Technologies to acquire a minority stake in the combination of Equiniti and AST.

SS&C Technologies, a provider of services and software for the financial services and healthcare industries, agreed to acquire a minority stake in the combination of Equiniti and AST. Financial terms are not disclosed. "We see shareholder servicing as complementary to the investor servicing business. Transfer agents are facing the same challenges and opportunities as shareholder servicers to improve the end investor experience, and we look forward to exploring ways we can collaborate with Equiniti and AST on this mission," Nick Wright, SS&C Technologies Head of Global Investor and Distribution Solutions.