SS&C Technologies

Last updated
SS&C Technologies Holdings, Inc.
Company type Public
Industry Financial Technology Software Products
FoundedMarch 1, 1986;39 years ago (1986-03-01), in 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$5.503 billion (2024)
Decrease2.svgUS$1.042 billion (2024)
Decrease2.svgUS$607 million (2024)
Total assets Increase2.svgUS$17.33 billion (2021)
Total equity Increase2.svgUS$6.23 billion (2021)
Number of employees
26,600 (December 2024)
Website 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, 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.

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]
TimeShareWareTechnology solutions for shared-ownership resorts2010 [39]
BDO Simpson Xavier Fund Administration Services LimitedFund administrator2011 [40]
Teledata Communications, Inc. software assetsBackground-search and credit-retrieval software and services2011 [41]
HedgemetrixBack-office services for alternative investment funds2012 [42]
Thomson Reuters' PORTIAMiddle-to-back office investment operations platform2012 [43]
GlopeOp Financial Services S.A.Fund services2012 [44]
Gravity FinancialFund administrator2012 [45]
Prime Management LimitedFund administrator2013 [46]
DST Global SolutionsInvestment and fund management and analytics2014 [47]
Advent SoftwareFinancial services2015 [48] [49]
Varden TechnologiesSoftware communication solutions2015 [50]
Primatics FinancialAccounting, forecasting, regulatory reporting, reserving and stress testing2015 [51]
ModestsparkClient portal and digital client experience tools2017 [52]
DST Systems Information processing and software2018 [53] [54]
Eze SoftwareInvestment software2018 [55]
Intralinks Financial technology2018 [56]
Algorithmics Inc.Financial risk management2019 [57]
MineralWareCloud-based asset management platform2022 [58]
Blue Prism Group, PLCRobotic process automation2022 [59]
Tier1 CRM Capital markets CRM2022 [60]

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]

References

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