SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced its acquisition of Modestspark, a leading digital service provider to financial advisors and wealth management firms. Founded in 2014 and based in Redmond, Washington, Modestspark has more than 400 current clients.
Modestspark offers client portal and client experience enrichment tools that will become deeply integrated with SS&C's portfolio accounting solutions, including Advent Portfolio Exchange® and Axys®. Modestspark's two employees, co-founders, Brad Demeter and Brian Bero, will join SS&C Advent and continue to support their existing clients utilizing other portfolio accounting solutions.
"We are excited to join forces with the Modestspark team, who share our passion for providing innovative technology solutions. By combining with SS&C, we can amplify Modestspark's value," said Robert Roley, Managing Director and General Manager, SS&C Advent. "Modestspark's client portal capabilities ensure we have a diverse range of solutions to fit our client's unique needs."
"We are excited to be part of SS&C as it gives us new opportunities to grow Modestspark's footprint. As we integrate our solution with SS&C's leading technology platforms, we look to fulfill our vision to help more firms achieve more streamlined client communications," said Demeter.