SS&C Technologies to acquire UK-based investment platform Hubwise Holdings

SS&C Technologies Holdings Inc. will acquire U.K.-based business-to-business investment platform Hubwise Holdings Ltd. in an all-cash transaction.

The transaction, which was approved by Hubwise shareholders, is expected to close in 2022.

The financial terms of the deal were not disclosed.

"The acquisition enables SS&C to leverage its scale and investment in digital services to target the U.K.-advised retail market, complementing its market-leading solutions for asset managers and discretionary wealth managers," according to a press release.