SS&C completes Curo Fund Services acquisition to boost African reach
CONNECTICUT and SOUTH CAROLINA, UNITED STATES — SS&C Technologies has completed its acquisition of South African fund administrator Curo Fund Services, finalizing a strategic move first announced in September 2025 to expand its global footprint.
According to SS&C’s press release, the deal grants the global fintech provider control over more than R3 trillion (US$170.4 billion) in administered assets.
SS&C Technologies ranked #13 in the OA500 2025, an objective index of the world’s top 500 outsourcing companies.
SS&C’s strategic buy for South African growth
Recently, SS&C Technologies acquired Calastone from Carlyle for approximately $1 billion, a deal that immediately bolsters its fund administration and distribution capabilities. However, a whistleblower lawsuit highlights the internal governance risks that can accompany such rapid corporate expansion.
Against this backdrop of strategic consolidation, SS&C’s move to control Curo, which services Sanlam, Old Mutual, and third-party institutional clients, instantly gains a substantial and trusted local presence.
“The team brings deep client relationships and a proven service track record in the growing South African market,” said Bill Stone, Chairman and Chief Executive Officer (CEO) of SS&C.
This strategic move positions SS&C to capitalize on existing business ties and the region’s emerging market potential, leveraging the deep client relationships and proven service track record that Curo brings.
This expansion is executed through the integration of Curo’s team of approximately 300 employees in Cape Town into SS&C’s Global Investor & Distribution Solutions (GIDS) unit. The acquisition combines Curo’s in-depth local knowledge with SS&C’s global operational expertise, automation, and data capabilities.
The move aims to provide the region’s insurers, asset managers, and institutional investors with a more robust and comprehensive suite of solutions, thereby driving greater efficiency and data-driven insights.
Strengthening integrated fund services
This acquisition embodies SS&C’s broader corporate strategy to be a key player in the fintech sector through strategic acquisitions that build scale and enable technological integration.
The focus of this acquisition is on the seamless integration of new entities to enhance service delivery and innovation.
Curo already uses many of SS&C’s fund accounting and asset servicing technologies, which will help make the transition easier and provide better solutions and services.
“Together, we will deliver a robust and comprehensive suite of solutions to the region’s insurers, asset managers, and institutional investors. We look forward to working together to bring greater efficiency, data-driven insights, and integrated services to the region,” Stone notes.
