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SS&C Technologies

SS&C Technologies Holdings, Inc. (known as SS&C) is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.[2][3]

Through its numerous acquired subsidiaries, such as Advent Software, Varden Technologies, Eze Software, Intralinks, and Primatics Financial, SS&C specializes in specific fintech markets, such as fund administration, wealth management accounting, and insurance and pension funds. In 2020 SS&C Technologies reported in their balance sheet over $1.69 trillion in Assets Under Custody (AUC).[4][5]

History

SS&C was founded by William C. Stone in 1986.[6] The company went through an initial public offering process for the first time in 1996.[7] It was taken private in a leveraged buyout in 2005 with Sunshine Acquisition Corp., affiliated with The Carlyle Group.[8][9][10] And after some years as a private company, SS&C was taken public again in a second IPO in 2010 through a listing on Nasdaq under the symbol SSNC.[10]

In 2021, Mammoth Scientific selected SS&C as the administrator and technology partner for its $100 million venture capital fund.[11] The fund is for health science and technology companies.[11] In October, Gordian Capital started using the company's Eze Investment Suite for its trading, portfolio, and risk management services in Singapore and Japan.[12]

In May 2022, Liontrust Asset Management extended its mandate with SS&C.[13] The company uses SS&C's products to manage the majority of its £38.5 billion in assets.[13]

In June, SS&C released a new asset allocator platform for institutional investors.[14] It was powered by FundHub and provided fund data aggregation and analysis, holdings look-through, document management, ABOR and IBOR reporting, performance management, liquidity planning, and exposure analysis.[14]

Acquisitions

SS&C Technologies acquired a variety of companies to bring products and talent into the company. Since 1995, it has acquired more than 50 companies.

Services and Subsidiaries

SS&C Fund Services

SS&C Fund Services offers fund administration services for hedge funds, funds of funds, private equity funds and managed account managers. Rahul Kanwar, Senior Vice President and Managing Director is a key executive for SS&C Fund Services.[61]

SS&C GlobeOp Investor Services

SS&C GlobeOp is a fund administrator offering financial technology products and services.[62]

SS&C Global Wealth Management

The SS&C Global Wealth Platform offers secured web-based multi-currency wealth management aimed to support all aspects of investment management.[63]

SS&C Skyline

SS&C Skyline is an accounting system designed for property management functions.[64] The property management software can be used as a marketing platform that helps users find new tenants through common rental websites and online applications.[65]

SS&C BenefiX

BenefiX is SS&C's product to employee benefits data management and exchange. It is a cloud-based data exchange service that transforms, translates and transmits employee benefits data to insurance carriers and administrators.[66]

External links

References

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  2. SS&C Technologies, Inc.: Private Company Information - Bloomberg Bloomberg News, retrieved January 25, 2017^
  3. SS&C Technologies, Inc.: About Us: Offices retrieved June 4, 2019^
  4. SSNC The Wall Street Journal, retrieved 2024-04-09^
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  6. Pam Cassady. William Stone founder of SS&C Technologies continues to support his hometown Courier & Press, retrieved 2022-10-25^
  7. SSNC Share Price and News / SS&C Technologies Holdings, Inc. (NASDAQ) fintel.io, retrieved 2022-10-25^
  8. The Carlyle Group Completes Acquisition Of SS&C Technologies, Inc. - Global Custodian www.globalcustodian.com, 29 November 2005, retrieved 2022-10-25^
  9. SS&C Technologies sells to the Carlyle Group for $941M Boston Business Journal, retrieved 2022-10-25^
  10. Lynn Cowan. IPO Outlook: SS&C Technologies Set to Close Out March IPOs The Wall Street Journal, 28 March 2010, retrieved 2022-10-25^
  11. Mammoth Scientific selects SS&C for inaugural VC Fund Private Equity Wire, 2021-10-05, retrieved 2022-11-08^
  12. Asset Servicing Times reporter Jenna Lomax. Gordian Capital picks SS&C Technologies' Eze www.assetservicingtimes.com, retrieved 2022-11-30^
  13. Asset Servicing Times reporter Jenna Lomax. Liontrust Asset Management renews contract with SS&C Technologies www.assetservicingtimes.com, retrieved 2022-11-30^
  14. SS&C targets institutional investors with new asset allocator platform - Global Custodian www.globalcustodian.com, 28 June 2022, retrieved 2022-12-15^
  15. Shepro Braun Systems, Acquired by SS&C Technologies Holdings, Inc. on December 12th, 1997 mergr.com, retrieved 2022-11-21^
  16. Mabel Systems BV, Acquired by SS&C Technologies Holdings, Inc. on January 1st, 1997 mergr.com, retrieved 2022-11-21^
  17. Choosing the right software for multifamily property managers Wealth Management, 1998-05-01, retrieved 2022-11-21^
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  19. FOCUS ON: SS&C TECHNOLOGIES INC. Hartford Courant, 15 April 1999, retrieved 2022-11-21^
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  23. Investment-Technology Newsflashes Wall Street & Technology, retrieved 2022-11-21^
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  28. SS&C adds Open Information Systems to wave of acquisitions October 31, 2005^
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  30. SS&C picks up Zoologic for $2.5M Boston Business Journal, retrieved 2022-11-30^
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  32. SS&C acquires Micro Design Services Boston Business Journal, retrieved 2022-11-30^
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  35. SS&C buys TheNextRound Business Journal, retrieved 2022-12-02^
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  37. Annual report 2010^
  38. Michelle Lang. SS&C buys Thinklink financial services biz Boston Business Journal, October 7, 2010^
  39. SS&C Acquires TimeShareWare retrieved 7 December 2010^
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  41. SS&C Acquires Background-Search Software From Teledata Hartford Courant, 27 December 2011, retrieved 2022-12-21^
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  45. Windsor-based SS&C Acquires Mass.-based Gravity Financial Hartford Courant, 28 September 2012, retrieved 2023-01-06^
  46. SS&C Technologies Holdings Acquires Prime Management Limited mergr.com, retrieved 2023-01-06^
  47. Reporter, Reporter. SS&C acquires DST Global Solutions www.investordaily.com.au, 2014-12-02, retrieved 2023-01-06^
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  52. SS&C Acquires Client Portal Vendor Modestspark Wealth Management, 2017-11-03, retrieved 2023-01-19^
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  57. Joseph Tsidulko. IBM To Sell Algorithmics Portfolio To SS&C CRN, 2019-09-25, retrieved 2023-01-19^
  58. SS&C Technologies Acquires MineralWare for $18M May 16, 2022^
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  60. SS&C Acquires Tier1's CRM Business August 23, 2022^
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  65. Skyline Review, 2017 - Top Ten Reviews retrieved January 25, 2017^
  66. BenefiX - swipx retrieved January 26, 2017^