SS&C Technologies completed the acquisition of the managed funds administration business of Iress.

SS&C Technologies, a global provider of investment and financial software-enabled services and software focused exclusively on the global financial, completed the acquisition of the managed funds administration business of Iress, a principal supplier of sophisticated share market and wealth management systems in Australia. Financial terms were not disclosed. "We are delighted to welcome the MFA team and their customers to SS&C. Today's announcement enables SS&C to further develop its fund servicing footprint in Australia and elevate our global transfer agency capabilities. We are deeply committed to this region and look forward to expanding Australian asset managers' access to best-in-class digital servicing, data solutions and servicing support across the investment management lifecycle. Our mission is to deliver the same high-quality processing and investor experience to our global clients wherever they conduct their business," Bill Stone, SS&C Technologies Chairman and CEO.