SS&C Technologies

Last updated
SS&C Technologies Holdings, Inc.
Company type Public company
Industry Financial Technology Software Products
FoundedMarch 1, 1986;38 years ago (1986-03-01)
Windsor, Connecticut, as Security Software & Consulting Inc.
Founders William C. Stone
Headquarters Windsor, Connecticut, U.S.
Area served
Worldwide
Key people
Products Software enabled services
RevenueIncrease2.svg US$5.051 billion (2021)
Increase2.svgUS$1.242 billion (2021)
Increase2.svgUS$800 million (2021)
Total assets Increase2.svgUS$17.33 billion (2021)
Total equity Increase2.svgUS$6.23 billion (2021)
Number of employees
24,900 (December 2021)
Website www.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]

Contents

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). [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 buy-out 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.

CompanyIndustry/ServiceYearSource
Shepro BraunInvestment software1997 [15]
Mabel SystemsPortfolio management1997 [16]
QuantraReal estate equity and debt investment management1998 [17]
HedgeWare, Inc.Portfolio, tax accounting and financial partnership software1999 [18] [19]
Digital Visions assets of Netzee Inc.Internet banking products and services and internet commerce products2001 [20]
Amicorp Fund ServicesFund administration2003 [21]
Investment Advisory Network, LLCFinancial portfolio manager2004 [22]
NeoVision Hypersystems, Inc.Financial data and analytics/trading activity and customer portfolio performance2004 [23]
OMR SystemsTreasury processing software and outsourcing solutions2004 [24]
Financial Models Company, Inc.Technology solutions and services for investments2005 [25]
EisnerfastFund accounting2005 [26]
Financial InteractiveCRM and fund profiling software2005 [26]
MarginManCollateralized trading software2005 [27]
Open Information SystemsWeb-based support applications for financial institutions2005 [28]
Cogent ManagementHedge fund management services2006 [29]
ZoologicEducation software2006 [30]
Northport, LLCFund administration2007 [31]
Micro Design Services, LLCSoftware design and development2008 [32]
Evare, LLCManaged utility service provider for financial data2009 [33]
MAXIMIS business from UnisysInvestment accounting software2009 [34]
TheNextRound, Inc.Software developer for private equity and alternative investments2009 [35]
Tradeware GlobalBroker-neutral system provider for equity market access2010 [36]
Geller Investment Partnership ServicesInvestment partnership services2010 [37]
TD Ameritrade's Thinklink ProductOrder management software2010 [38]
BDO Simpson Xavier Fund Administration Services LimitedFund administrator2011 [39]
Teledata Communications, Inc. software assetsBackground-search and credit-retrieval software and services2011 [40]
HedgemetrixBack-office services for alternative investment funds2012 [41]
Thomson Reuters' PORTIAMiddle-to-back office investment operations platform2012 [42]
GlopeOp Financial Services S.A.Fund services2012 [43]
Gravity FinancialFund administrator2012 [44]
Prime Management LimitedFund administrator2013 [45]
DST Global SolutionsInvestment and fund management and analytics2014 [46]
Advent SoftwareFinancial services2015 [47] [48]
Varden TechnologiesSoftware communication solutions2015 [49]
Primatics FinancialAccounting, forecasting, regulatory reporting, reserving and stress testing2015 [50]
ModestsparkClient portal and digital client experience tools2017 [51]
DST Systems Information processing and software2018 [52] [53]
Eze SoftwareInvestment software2018 [54]
Intralinks Financial technology2018 [55]
Algorithmics Financial risk management2019 [56]
MineralWareCloud-based asset management platform2022 [57]
Blue Prism Group, PLCRobotic process automation2022 [58]

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. [59]

SS&C GlobeOp Investor Services

SS&C GlobeOp is a fund administrator offering financial technology products and services. [60]

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. [61]

SS&C Skyline

SS&C Skyline is an accounting system designed for property management functions. [62] The property management software can be used as a marketing platform that helps users find new tenants through common rental websites and online applications. [63]

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. [64]

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References

  1. ↑ "SS&C Technologies Holdings, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. 25 February 2022.
  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 | SS&C Technologies Holdings Inc. Annual Balance Sheet - WSJ". www.wsj.com. Retrieved 2024-04-09.
  5. ↑ "SS&C Technologies Holdings, Inc. (SSNC) Balance Sheet - Yahoo Finance". finance.yahoo.com. Retrieved 2024-04-09.
  6. ↑ Cassady, Pam. "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. Retrieved 2022-10-25.
  9. ↑ "SS&C Technologies sells to the Carlyle Group for $941M". www.bizjournals.com. Retrieved 2022-10-25.
  10. 1 2 Cowan, Lynn (28 March 2010). "IPO Outlook: SS&C Technologies Set to Close Out March IPOs". Wall Street Journal. Retrieved 2022-10-25.
  11. 1 2 "Mammoth Scientific selects SS&C for inaugural VC Fund". Private Equity Wire. 2021-10-05. Retrieved 2022-11-08.
  12. ↑ Lomax, Asset Servicing Times reporter Jenna. "Gordian Capital picks SS&C Technologies' Eze". www.assetservicingtimes.com. Retrieved 2022-11-30.
  13. 1 2 Lomax, Asset Servicing Times reporter Jenna. "Liontrust Asset Management renews contract with SS&C Technologies". www.assetservicingtimes.com. Retrieved 2022-11-30.
  14. 1 2 "SS&C targets institutional investors with new asset allocator platform - Global Custodian". www.globalcustodian.com. Retrieved 2022-12-15.
  15. ↑ "Shepro Braun Systems, Acquired by SS&C Technologies Holdings, Inc. on December 12th, 1997 | Mergr". mergr.com. Retrieved 2022-11-21.
  16. ↑ "Mabel Systems BV, Acquired by SS&C Technologies Holdings, Inc. on January 1st, 1997 | Mergr". mergr.com. Retrieved 2022-11-21.
  17. ↑ "Choosing the right software for multifamily property managers". Wealth Management. 1998-05-01. Retrieved 2022-11-21.
  18. ↑ "SS&C Plans To Adapt Hedgeware's Front-End Interface For All Products". WatersTechnology.com. 1999-04-12. Retrieved 2022-11-21.
  19. ↑ "FOCUS ON: SS&C TECHNOLOGIES INC". Hartford Courant. 15 April 1999. Retrieved 2022-11-21.
  20. ↑ "Netzee sells Digital Vision to SS&C Technologies". Nov 16, 2001.
  21. ↑ "SS&C Technologies to acquire Amicorp fund admin business | Hedgeweek". Hedgeweek. 2003-10-29. Retrieved 2022-11-21.
  22. ↑ Annual report 2007
  23. ↑ "Investment-Technology Newsflashes". Wall Street & Technology. Retrieved 2022-11-21.
  24. ↑ "Financial software firm SS&C buys OMR Systems for $20M". March 15, 2004.
  25. ↑ "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". www.marlinllc.com. Retrieved 2022-11-21.
  26. 1 2 Writer, CBR Staff (2005-05-17). "SS&C buys Financial Interactive". Tech Monitor. Retrieved 2022-11-23.
  27. ↑ "SS&C buys foreign exchange trading software business from Integral". August 22, 2005.
  28. ↑ "SS&C adds Open Information Systems to wave of acquisitions". October 31, 2005.
  29. ↑ "SS&C collects Cogent Management for $12M cash". www.bizjournals.com. Retrieved 2022-11-30.
  30. ↑ "SS&C picks up Zoologic for $2.5M". www.bizjournals.com. Retrieved 2022-11-30.
  31. ↑ "SS&C Tech buys assets of N.J. firm". www.bizjournals.com. Retrieved 2022-11-30.
  32. ↑ "SS&C acquires Micro Design Services". www.bizjournals.com. Retrieved 2022-11-30.
  33. ↑ "SS&C Technologies Holdings Acquires Evare | Mergr M&A Deal Summary". mergr.com. Retrieved 2022-12-02.
  34. ↑ "SS&C acquires assets of Maximis software from Unisys". Tech Monitor. 2009-06-01. Retrieved 2022-12-02.
  35. ↑ "SS&C buys TheNextRound". www.bizjournals.com. Retrieved 2022-12-02.
  36. ↑ "SS&C Technologies Holdings Acquires Tradeware Global | Mergr M&A Deal Summary". mergr.com. Retrieved 2022-12-02.
  37. ↑ Annual report 2010
  38. ↑ Lang, Michelle (October 7, 2010). "SS&C buys Thinklink financial services biz". Boston Business Journal.
  39. ↑ "SS&C Announces Closing of BDO Simpson Xavier Fund Administration Services - Global Custodian". www.globalcustodian.com. Retrieved 2022-12-21.
  40. ↑ "SS&C Acquires Background-Search Software From Teledata". Hartford Courant. 27 December 2011. Retrieved 2022-12-21.
  41. ↑ Bounds, Jeff (October 19, 2012). "SS&C Technologies to buy Hedgemetrix".
  42. ↑ "Analysis: SS&C Buys Portia | FTF News - Part 3608". www.ftfnews.com. Retrieved 2022-12-21.
  43. ↑ "SS&C Technologies buys GlobeOp Financial Services for £572 mln". Proactiveinvestors NA. 2012-06-27. Retrieved 2022-12-21.
  44. ↑ "Windsor-based SS&C Acquires Mass.-based Gravity Financial". Hartford Courant. 28 September 2012. Retrieved 2023-01-06.
  45. ↑ "SS&C Technologies Holdings Acquires Prime Management Limited | Mergr M&A Deal Summary". mergr.com. Retrieved 2023-01-06.
  46. ↑ Reporter; Reporter (2014-12-02). "SS&C acquires DST Global Solutions". www.investordaily.com.au. Retrieved 2023-01-06.
  47. ↑ Merced, Michael J. de la (2015-02-02). "SS&C to Buy Advent Software for $2.3 Billion". DealBook. Retrieved 2023-01-06.
  48. ↑ Capital, Alpha Gen (10 February 2015). "SS&C Technologies: Advent Acquisition A Game Changer (NASDAQ:SSNC) | Seeking Alpha". Seeking Alpha. Retrieved 2023-01-06.
  49. ↑ "SS&C Technologies Holdings Acquires Varden Technologies | Mergr M&A Deal Summary". mergr.com. Retrieved 2023-01-06.
  50. ↑ "SS&C to Acquire Primatics for $122M | FTF News - Part 8409". www.ftfnews.com. Retrieved 2023-01-06.
  51. ↑ "SS&C Acquires Client Portal Vendor Modestspark". Wealth Management. 2017-11-03. Retrieved 2023-01-19.
  52. ↑ "DST Systems Inc - Company Profile and News". Bloomberg.com. Retrieved 2023-01-19.
  53. ↑ "SS&C boosts banking software heft with $5.4 billion DST deal". Reuters. 2018-01-11. Retrieved 2023-01-19.
  54. ↑ "SS&C plans to acquire Boston software co. for $1.4B | Hartford Business Journal" . Retrieved 30 March 2023.
  55. ↑ Visconti, Ambrogio. "SS&C Technologies Holdings' $1.5 billion acquisition of Intralinks Holdings, Inc" . Retrieved 2023-01-19.
  56. ↑ Tsidulko, Joseph (2019-09-25). "IBM To Sell Algorithmics Portfolio To SS&C". CRN. Retrieved 2023-01-19.
  57. ↑ "SS&C Technologies Acquires MineralWare for $18M". May 16, 2022.
  58. ↑ "Britain's Blue Prism agrees to $1.65 bln takeover by SS&C, snubs Vista". Reuters. 2021-12-01. Retrieved 2023-01-19.
  59. ↑ "SS&C Stocks". Bloomberg. January 26, 2017. Retrieved January 25, 2017.
  60. ↑ "SS&C GlobeOp Investor Services". Bobsguide. Retrieved January 25, 2017.
  61. ↑ "SS&C's Anniversary coincides global wealth platform launch in Asia". NBC News. 2011-03-14. Retrieved January 25, 2017.
  62. ↑ "Accounting for Skyline" . Retrieved January 25, 2017.
  63. ↑ "Skyline Review, 2017 - Top Ten Reviews" . Retrieved January 25, 2017.
  64. ↑ "BenefiX - swipx" . Retrieved January 26, 2017.
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