Lichfield investment platform sold to US giant

Lichfield-based B2B investment platform Hubwise Holdings has sold to US-based SS&C Technologies, the Connecticut provider of services and software for the financial services and healthcare industries.

Hubwise has 58 employees, who will all join SS&C. The deal is expected to close in 2022.

SS&C has offices across the globe and around 18,000 customers.

“We are delighted to welcome the Hubwise team and customers to SS&C. This acquisition brings significant value to our customers engaged in delivering first-class investment and advisory services to their investors,” said Bill Stone, chairman and CEO of SS&C. “Adding Hubwise is a natural step for our successful existing partnership. In addition, the combination of SS&C and Hubwise will create a unique solution for the adviser and distributor community to better address increasing competitive and regulatory pressures.”

Angus Macdonald, chief executive officer at Hubwise, said: “We are thrilled to combine forces with SS&C because we have so many complementary strengths. We look forward to becoming a strategic component of the firm’s wealth and adviser business in the region.”