Capita’s Irish life and pensions unit has been purchased by SS&C.
The terms have not been disclosed but the deal is expected to close in the current quarter.
Capita delivers business process management, technology and advice to companies.
SS&C already has more than 22,000 staff and 18,000 clients in the financial services and healthcare sectors.
What does this mean?
Capita can help businesses in the insurance and pensions space transform digitally through tis products and consultancy services, so is a natural addition to SS&C’s portfolio. SS&C can provide highly specialised software to help the finance sector continue to transform digitally.