SS&C Completes Acquisition of Capita’s Life Insurance and Pensions Servicing Business in Ireland
The acquisition provides global solutions for SS&C clients and their customers and complements SS&C’s wider asset servicing and technology offerings
SS&C Technologies Holdings, Inc. announced the completion of the acquisition of Capita Life & Pensions Services (Ireland) Limited (CLPSI) and certain related businesses. The purchase price was not disclosed.
The addition of CLPSI acquisition will extend SS&C’s business process outsourcing offering internationally.
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CLPSI provides business process management, technology and consultancy services to the international life and pensions sector. Services offered include financial and back-office administration, claims management, actuarial and financial reporting, investment administration, product and IT development and business transformation services.
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The acquisition adds approximately 370 employees in Dublin, Belfast, and Craigforth. The group will continue to focus on Ireland as part of SS&C’s Global Investor and Distribution Solutions business.
“We are pleased to welcome CLPSI’s clients and skilled personnel to SS&C,” said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. “This acquisition increases not only our footprint, but our depth across multi-jurisdictional servicing, life and pensions expertise, and technology to support for products throughout their lifecycle. Retirement assets are becoming increasingly complex and our Global Investor and Distribution Solutions provide a variety of capabilities from accumulation through distribution.”
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