Company:SS&C Technologies

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Short description: American financial technology company
SS&C Technologies Holdings, Inc.
TypePublic company
IndustryFinancial Technology Software Products
FoundedMarch 1, 1986; 38 years ago (1986-03-01)
Windsor, Connecticut, as Security Software & Consulting Inc.
FoundersWilliam C. Stone
HeadquartersWindsor, Connecticut, U.S.
Area served
Worldwide
Key people
  • William C. Stone (Chairman and CEO)
  • Rahul Kanwar (President and COO)
  • Patrick J. Pedonti (CFO)
  • Anthony Caiafa (CTO)
ProductsSoftware enabled services
RevenueIncrease US$5.051 billion (2021)
Increase US$1.242 billion (2021)
Increase US$800 million (2021)
Total assetsIncrease US$17.33 billion (2021)
Total equityIncrease US$6.23 billion (2021)
Number of employees
24,900 (December 2021)
Websitewww.ssctech.com
Footnotes / references
[1]

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, 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).

History

SS&C was founded by William C. Stone in 1986.[4] The company went through an initial public offering process for the first time in 1996.[5] It was taken private in a leveraged buy-out in 2005 with Sunshine Acquisition Corp., affiliated with The Carlyle Group.[6][7][8] 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.[8]

In 2021, Mammoth Scientific selected SS&C as the administrator and technology partner for its $100 million venture capital fund.[9] The fund is for health science and technology companies.[9] In October, Gordian Capital started using the company’s Eze Investment Suite for its trading, portfolio, and risk management services in Singapore and Japan.[10]

In May 2022, Liontrust Asset Management extended its mandate with SS&C.[11] The company uses SS&C’s products to manage the majority of its £38.5 billion in assets.[11]

In June, SS&C released a new asset allocator platform for institutional investors.[12] 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.[12]

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.

Company Industry/Service Year Source
Shepro Braun Investment software 1997 [13]
Mabel Systems Portfolio management 1997 [14]
Quantra Real estate equity and debt investment management 1998 [15]
HedgeWare, Inc. Portfolio, tax accounting and financial partnership software 1999 [16][17]
Digital Visions assets of Netzee Inc. Internet banking products and services and internet commerce products 2001 [18]
Amicorp Fund Services Fund administration 2003 [19]
Investment Advisory Network, LLC Financial portfolio manager 2004 [20]
NeoVision Hypersystems, Inc. Financial data and analytics/trading activity and customer portfolio performance 2004 [21]
OMR Systems Treasury processing software and outsourcing solutions 2004 [22]
Financial Models Company, Inc. Technology solutions and services for investments 2005 [23]
Eisnerfast Fund accounting 2005 [24]
Financial Interactive CRM and fund profiling software 2005 [24]
MarginMan Collateralized trading software 2005 [25]
Open Information Systems Web-based support applications for financial institutions 2005 [26]
Cogent Management Hedge fund management services 2006 [27]
Zoologic Education software 2006 [28]
Northport, LLC Fund administration 2007 [29]
Micro Design Services, LLC Software design and development 2008 [30]
Evare, LLC Managed utility service provider for financial data 2009 [31]
MAXIMIX business from Unisys Investment accounting software 2009 [32]
TheNextRound, Inc. Software developer for private equity and alternative investments 2009 [33]
Tradeware Global Broker-neutral system provider for equity market access 2010 [34]
Geller Investment Partnership Services Investment partnership services 2010 [35]
TD Ameritrade's Thinklink Product Order management software 2010 [36]
BDO Simpson Xavier Fund Administration Services Limited Fund administrator 2011 [37]
Teledata Communications, Inc. software assets Background-search and credit-retrieval software and services 2011 [38]
Hedgemetrix Back-office services for alternative investment funds 2012 [39]
Thomson Reuters' PORTIA Middle-to-back office investment operations platform 2012 [40]
GlopeOp Financial Services S.A. Fund services 2012 [41]
Gravity Financial Fund administrator 2012 [42]
Prime Management Limited Fund administrator 2013 [43]
DST Global Solutions Investment and fund management and analytics 2014 [44]
Advent Software Financial services 2015 [45][46]
Varden Technologies Software communication solutions 2015 [47]
Primatics Financial Accounting, forecasting, regulatory reporting, reserving and stress testing 2015 [48]
Modestspark Client portal and digital client experience tools 2017 [49]
DST Systems Information processing and software 2018 [50][51]
Eze Software Investment software 2018 [52]
Intralinks Financial technology 2018 [53]
Algorithmics Financial risk management 2019 [54]
MineralWare Cloud-based asset management platform 2022 [55]
Blue Prism Group, PLC Robotic process automation 2022 [56]

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.[57]

SS&C GlobeOp Investor Services

SS&C GlobeOp is a fund administrator offering financial technology products and services.[58]

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.[59]

SS&C Skyline

SS&C Skyline is an accounting system designed for property management functions.[60] The property management software can be used as a marketing platform that helps users find new tenants through common rental websites and online applications.[61]

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.[62]

References

  1. ↑ "SS&C Technologies Holdings, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 February 2022. https://www.sec.gov/ix?doc=/Archives/edgar/data/1402436/000095017022002107/ssnc-20211231.htm. 
  2. ↑ "SS&C Technologies, Inc.: Private Company Information - Bloomberg". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=204939169. Retrieved January 25, 2017. 
  3. ↑ "SS&C Technologies, Inc.: About Us: Offices". https://www.ssctech.com/about-us/offices. Retrieved June 4, 2019. 
  4. ↑ Cassady, Pam. "William Stone founder of SS&C Technologies continues to support his hometown" (in en-US). https://www.courierpress.com/story/money/evansville-business-journal/2019/03/14/william-stone-founder-ss-c-technologies-supports-evansville/2906590002/. 
  5. ↑ "SSNC Share Price and News / SS&C Technologies Holdings, Inc. (NASDAQ)" (in en). https://fintel.io/s/us/ssnc. 
  6. ↑ "The Carlyle Group Completes Acquisition Of SS&C Technologies, Inc. - Global Custodian". https://www.globalcustodian.com/the-carlyle-group-completes-acquisition-of-ssampampc-technologies-inc/. 
  7. ↑ "SS&C Technologies sells to the Carlyle Group for $941M". https://www.bizjournals.com/boston/blog/mass-high-tech/2005/07/ssc-technologies-sells-to-the-carlyle-group.html. 
  8. ↑ 8.0 8.1 Cowan, Lynn (28 March 2010). "IPO Outlook: SS&C Technologies Set to Close Out March IPOs" (in en-US). Wall Street Journal. https://www.wsj.com/articles/SB10001424052748703416204575145983971123598. 
  9. ↑ 9.0 9.1 "Mammoth Scientific selects SS&C for inaugural VC Fund" (in en). Private Equity Wire. 2021-10-05. http://www.privateequitywire.co.uk/2021/10/05/307143/mammoth-scientific-selects-ssc-inaugural-vc-fund. 
  10. ↑ Lomax, Asset Servicing Times reporter Jenna. "Gordian Capital picks SS&C Technologies' Eze" (in en). https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=12423. 
  11. ↑ 11.0 11.1 Lomax, Asset Servicing Times reporter Jenna. "Liontrust Asset Management renews contract with SS&C Technologies" (in en). https://www.assetservicingtimes.com/assetservicesnews/article.php?article_id=12968. 
  12. ↑ 12.0 12.1 "SS&C targets institutional investors with new asset allocator platform - Global Custodian". https://www.globalcustodian.com/ssc-targets-institutional-investors-with-new-asset-allocator-platform/. 
  13. ↑ "Shepro Braun Systems, Acquired by SS&C Technologies Holdings, Inc. on December 12th, 1997 | Mergr". https://mergr.com/shepro-braun-systems-acquired-by-ss&c-technologies-holdings. 
  14. ↑ "Mabel Systems BV, Acquired by SS&C Technologies Holdings, Inc. on January 1st, 1997 | Mergr". https://mergr.com/mabel-systems-bv-acquired-by-ss&c-technologies-holdings. 
  15. ↑ "Choosing the right software for multifamily property managers" (in en). 1998-05-01. https://www.wealthmanagement.com/news/choosing-right-software-multifamily-property-managers. 
  16. ↑ "SS&C Plans To Adapt Hedgeware's Front-End Interface For All Products" (in en). 1999-04-12. https://www.waterstechnology.com/node/1609291. 
  17. ↑ "FOCUS ON: SS&C TECHNOLOGIES INC.". 15 April 1999. https://www.courant.com/news/connecticut/hc-xpm-1999-04-15-9904150019-story.html. 
  18. ↑ "Netzee sells Digital Vision to SS&C Technologies". Nov 16, 2001. https://www.bizjournals.com/atlanta/stories/2001/11/12/daily50.html. 
  19. ↑ "SS&C Technologies to acquire Amicorp fund admin business | Hedgeweek" (in en). Hedgeweek. 2003-10-29. http://www.hedgeweek.com/2003/10/29/ssc-technologies-acquire-amicorp-fund-admin-business. 
  20. ↑ Annual report 2007
  21. ↑ "Investment-Technology Newsflashes" (in en). https://www.wallstreetandtech.com/asset-management/investment-technology-newsflashes/17701520. 
  22. ↑ "Financial software firm SS&C buys OMR Systems for $20M". March 15, 2004. https://www.bizjournals.com/boston/blog/mass-high-tech/2004/03/financial-software-firm-ssc-buys-omr-systems.html. 
  23. ↑ "FMC was acquired by SS&C | Recent | Transactions | Boutique Investment Bank, Financial Technology | Marlin & Associates | Boutique Investment Bank, Technology Investment Bank, Healthcare Market Analysis, Technology Consulting Advisor, Financial Technology". https://www.marlinllc.com/transactions/software/fmc-was-acquired-by-ss-c. 
  24. ↑ 24.0 24.1 Writer, CBR Staff (2005-05-17). "SS&C buys Financial Interactive" (in en-US). https://techmonitor.ai/technology/ssc_buys_financial_interactive. 
  25. ↑ "SS&C buys foreign exchange trading software business from Integral". August 22, 2005. https://www.bizjournals.com/boston/blog/mass-high-tech/2005/08/ssc-buys-foreign-exchange-trading-software.html. 
  26. ↑ "SS&C adds Open Information Systems to wave of acquisitions". October 31, 2005. https://www.bizjournals.com/boston/blog/mass-high-tech/2005/10/ssc-adds-open-information-systems-to-wave.html. 
  27. ↑ "SS&C collects Cogent Management for $12M cash". https://www.bizjournals.com/boston/blog/mass-high-tech/2006/03/ssc-collects-cogent-management-for-12m-cash.html. 
  28. ↑ "SS&C picks up Zoologic for $2.5M". https://www.bizjournals.com/boston/blog/mass-high-tech/2006/09/ssc-picks-up-zoologic-for-25m.html. 
  29. ↑ "SS&C Tech buys assets of N.J. firm". https://www.bizjournals.com/boston/blog/mass-high-tech/2007/03/ssc-tech-buys-assets-of-nj-firm.html. 
  30. ↑ "SS&C acquires Micro Design Services". https://www.bizjournals.com/boston/blog/mass-high-tech/2008/10/ssc-acquires-micro-design-services.html. 
  31. ↑ "SS&C Technologies Holdings Acquires Evare | Mergr M&A Deal Summary". https://mergr.com/ss&c-technologies-holdings-acquires-evare. 
  32. ↑ "SS&C acquires assets of Maximis software from Unisys". 2009-06-01. https://techmonitor.ai/technology/ssc_acquires_assets_of_maximis_software_from_unisys_010609. 
  33. ↑ "SS&C buys TheNextRound". https://www.bizjournals.com/boston/blog/mass-high-tech/2009/11/ssc-buys-thenextround-2009-11-20.html. 
  34. ↑ "SS&C Technologies Holdings Acquires Tradeware Global | Mergr M&A Deal Summary". https://mergr.com/ss&c-technologies-holdings-acquires-tradeware-globa. 
  35. ↑ Annual report 2010
  36. ↑ Lang, Michelle (October 7, 2010). "SS&C buys Thinklink financial services biz". https://www.bizjournals.com/boston/blog/mass-high-tech/2010/10/ssc-buys-thinklink-financial-services-biz.html. 
  37. ↑ "SS&C Announces Closing of BDO Simpson Xavier Fund Administration Services - Global Custodian". https://www.globalcustodian.com/ssampc-announces-closing-of-bdo-simpson-xavier-fund-administration-services/. 
  38. ↑ "SS&C Acquires Background-Search Software From Teledata". 27 December 2011. https://www.courant.com/business/hc-xpm-2011-12-27-hc-ssc-teledata-20111227-story.html. 
  39. ↑ Bounds, Jeff (October 19, 2012). "SS&C Technologies to buy Hedgemetrix". https://www.bizjournals.com/dallas/news/2012/10/19/ssc-technologies-to-buy-hedgemetrix.htm. 
  40. ↑ "Analysis: SS&C Buys Portia | FTF News - Part 3608". https://www.ftfnews.com/ftf-news-analysis-ssc-buys-portia/3608/. 
  41. ↑ "SS&C Technologies buys GlobeOp Financial Services for £572 mln" (in en). 2012-06-27. https://www.proactiveinvestors.com/companies/news/87392/ssc-technologies-buys-globeop-financial-services-for-572-mln-31101.html. 
  42. ↑ "Windsor-based SS&C Acquires Mass.-based Gravity Financial". 28 September 2012. https://www.courant.com/business/hc-ssc-acquires-gravity-financial-20120928-story.html. 
  43. ↑ "SS&C Technologies Holdings Acquires Prime Management Limited | Mergr M&A Deal Summary". https://mergr.com/ss&c-technologies-holdings-acquires-prime-management-limited. 
  44. ↑ Reporter; Reporter (2014-12-02). "SS&C acquires DST Global Solutions" (in en-gb). https://www.investordaily.com.au/news/36731-ss-c-acquires-dst-global-solutions. 
  45. ↑ Merced, Michael J. de la (2015-02-02). "SS&C to Buy Advent Software for $2.3 Billion" (in en). https://dealbook.nytimes.com/2015/02/02/ssc-to-buy-advent-software-for-2-3-billion/. 
  46. ↑ Capital, Alpha Gen (10 February 2015). "SS&C Technologies: Advent Acquisition A Game Changer (NASDAQ:SSNC) | Seeking Alpha" (in en). Seeking Alpha. https://seekingalpha.com/article/2897296-ss-and-c-technologies-advent-acquisition-a-game-changer. 
  47. ↑ "SS&C Technologies Holdings Acquires Varden Technologies | Mergr M&A Deal Summary". https://mergr.com/ss&c-technologies-holdings-acquires-varden-technologies. 
  48. ↑ "SS&C to Acquire Primatics for $122M | FTF News - Part 8409". https://www.ftfnews.com/ssc-to-acquire-primatics-for-122m/8409/. 
  49. ↑ "SS&C Acquires Client Portal Vendor Modestspark" (in en). 2017-11-03. https://www.wealthmanagement.com/technology/ssc-acquires-client-portal-vendor-modestspark. 
  50. ↑ "DST Systems Inc - Company Profile and News" (in en). https://www.bloomberg.com/profile/company/DST:US. 
  51. ↑ "SS&C boosts banking software heft with $5.4 billion DST deal" (in en). Reuters. 2018-01-11. https://www.reuters.com/article/us-dst-us-m-a-ss-c-tech-hldgs-idUSKBN1F01HK. 
  52. ↑ "SS&C plans to acquire Boston software co. for $1.4B | Hartford Business Journal". https://www.hartfordbusiness.com/article/ssc-plans-to-acquire-boston-software-co-for-14b. Retrieved 30 March 2023. 
  53. ↑ Visconti, Ambrogio. "SS&C Technologies Holdings' $1.5 billion acquisition of Intralinks Holdings, Inc." (in en-US). https://globallegalchronicle.com/ssc-technologies-holdings-1-5-billion-acquisition-of-intralinks-holdings-inc/. 
  54. ↑ Tsidulko, Joseph (2019-09-25). "IBM To Sell Algorithmics Portfolio To SS&C" (in en). https://www.crn.com/news/cloud/ibm-to-sell-algorithmics-portfolio-to-ss-c. 
  55. ↑ "SS&C Technologies Acquires MineralWare for $18M". May 16, 2022. https://www.nasdaq.com/articles/ssc-technologies-acquires-mineralware-for-$18-mln. 
  56. ↑ "Britain's Blue Prism agrees to $1.65 bln takeover by SS&C, snubs Vista" (in en). Reuters. 2021-12-01. https://www.reuters.com/business/britains-blue-prism-agrees-165-bln-takeover-by-ssc-2021-12-01/. 
  57. ↑ "SS&C Stocks". Bloomberg. January 26, 2017. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31178319. Retrieved January 25, 2017. 
  58. ↑ "SS&C GlobeOp Investor Services". Bobsguide. http://www.bobsguide.com/guide/prod/5-23239-ssc-globeop-investor-services.html. Retrieved January 25, 2017. 
  59. ↑ "SS&C's Anniversary coincides global wealth platform launch in Asia". NBC News. 2011-03-14. http://www.nbcnews.com/id/42078745/ns/business-press_releases/t/sscs-th-anniversary-coincides-global-wealth-platform-launch-asia/#.WIn2zhuLTIU. Retrieved January 25, 2017. 
  60. ↑ "Accounting for Skyline". http://findaccountingsoftware.com/directory/ss-and-c-technologies/skyline-property-management-sofware/accounting/. Retrieved January 25, 2017. 
  61. ↑ "Skyline Review, 2017 - Top Ten Reviews". http://www.toptenreviews.com/business/services/best-online-property-management-software/skyline-review/. Retrieved January 25, 2017. 
  62. ↑ "BenefiX - swipx". https://swipx.com/apps/benefix/. Retrieved January 26, 2017. 

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