SS&C Technologies Holdings acquired Canadian fund administrator CommonWealth Fund Services, SS&C announced in a news release.
Terms of the deal were not disclosed.
CommonWealth services $8 billion in assets administered for hedge funds, private equity and real estate.
The acquisition is the latest for SS&C, a software developer and third-party administration provider. In December, SS&C announced it would acquire private equity fund administrator Conifer Financial Services, which had $115 billion in assets under administration. SS&C has more than $1 trillion in AUA, according to its website.
Officials at SS&C were not immediately available to provide further details.