Complete Financial Ops, Inc. (CFO) Fund Services, a Colorado-based fund administration company, has been acquired by SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), according to a statement released today. Private equity funds and family offices receive customised fund administration from CFO Fund Services. The all-cash deal’s terms weren’t made public.
SS&C’s position as the top fund administrator is strengthened by the acquisition, which brings on 25 new clients and eight new employees. SS&C continues to develop its hedge fund, private markets, middle-office, and insurance servicing capabilities with more than $2 trillion in alternative assets under management and expertise across funds of all sizes.
The capabilities of SS&C to service family office and venture capital funds will be enhanced by CFO Fund Services. The exceptional service provided to CFO clients will be supported by SS&C’s size, scope, and all-inclusive solutions for the alternative management sector.
Bill Stone, Chairman and CEO of SS&C, said, “We are pleased to welcome the CFO Fund Services team and customers to SS&C.” “With today’s announcement, SS&C can expand its service footprint in the Denver area and offer a wider range of services to both potential and current clients. We are eager to maintain and strengthen the solid connections that CFO Fund Services has established.”

Source: Prnewswire