SS&C Technologies buys South Africa’s Curo to boost fintech reach
CONNECTICUT and SOUTH CAROLINA, UNITED STATES — SS&C Technologies has significantly expanded its global footprint with the acquisition of Curo Fund Services, a South African fund administrator.
The strategic move grants SS&C control over R3 trillion (US$170.4 billion) in assets under administration and deepens its presence in a key emerging market. This acquisition is a central part of SS&C’s broader strategy to dominate the fintech sector through scale and technological integration.
Expanding SS&C’s presence in African financial markets
The acquisition puts SS&C in a position to take advantage of the existing business ties of Curo with large financial institutions such as Sanlam and Old Mutual. The incorporation of Curo in its Global Investor and Distribution Solutions (GIDS) unit integrates in-depth local knowledge with its own technology platforms.
This is in keeping with the history of the company of relying on strategic purchases as a means of surpassing competition and reaching great scale. One of the advantages is the operational partnership, which offers clients a “best of both worlds” situation.
“Curo brings deep client relationships and a proven service track record,” said Bill Stone, Chairman and Chief Executive Officer (CEO) of SS&C Technologies.
“Together, we will deliver greater efficiency, data-driven insights, and integrated services for the region’s insurers, asset managers and institutional investors.”
On the other hand, Lionel Vice, CEO of Curo Fund Services, noted how this partnership will expand how they provide innovation and solutions, saying, “This partnership allows us to accelerate our innovation journey and offer a more robust and comprehensive suite of solutions to our clients while continuing to grow our business.”
“SS&C’s global expertise, commitment to service excellence, and focus on developing the local market align strongly with Curo’s purpose and vision.”
Such a combination is essential in a business where trust, compliance, and technological flexibility are necessary to maintain and expand assets managed.
Growth strategy fueled by acquisitions and AI
The aggressive expansion agenda of SS&C is supported by excellent financial health, which offers the power behind transformative acquisitions. It has recorded revenue growth of 5.9% year-over-year and achieved an all-time high revenue amount of $600.4 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the second quarter of 2025.
This healthy performance, including the $645.1 million of operating cash flow in the first half, allows it to sail through the market turbulence as it seeks to acquire other companies, such as the planned acquisition of Calastone, worth $1.03 billion.
Beyond acquisitions, innovation is a cornerstone of SS&C’s competitive edge. The company is deploying advanced technologies, including 20 AI agents for financial modeling and automation, and is exploring the use of quantum computing for risk analysis.
These advancements position SS&C to capitalize on the fintech sector’s projected 12% compound annual growth rate (CAGR) and meet evolving demands in real-time fund management and digital assets.
SS&C Technologies ranked #13 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies.
