SS&C Technologies
American financial technology company From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Public |
|---|---|
| |
| Industry | Financial Technology Software Products |
| Founded | March 1, 1986, 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 |
| Revenue | US$5.503 billion (2024) |
| US$1.042 billion (2024) | |
| US$607 million (2024) | |
| Total assets | US$17.33 billion (2021) |
| Total equity | US$6.23 billion (2021) |
Number of employees | 26,600 (December 2024) |
| Website | ssctech |
| Footnotes / references [1] | |
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
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Perspective
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
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Perspective
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 | [15] |
| Mabel Systems | Portfolio management | 1997 | [16] |
| Quantra | Real estate equity and debt investment management | 1998 | [17] |
| HedgeWare, Inc. | Portfolio, tax accounting and financial partnership software | 1999 | [18][19] |
| Digital Visions assets of Netzee Inc. | Internet banking products and services and internet commerce products | 2001 | [20] |
| Amicorp Fund Services | Fund administration | 2003 | [21] |
| Investment Advisory Network, LLC | Financial portfolio manager | 2004 | [22] |
| NeoVision Hypersystems, Inc. | Financial data and analytics/trading activity and customer portfolio performance | 2004 | [23] |
| OMR Systems | Treasury processing software and outsourcing solutions | 2004 | [24] |
| Financial Models Company, Inc. | Technology solutions and services for investments | 2005 | [25] |
| Eisnerfast | Fund accounting | 2005 | [26] |
| Financial Interactive | CRM and fund profiling software | 2005 | [26] |
| MarginMan | Collateralized trading software | 2005 | [27] |
| Open Information Systems | Web-based support applications for financial institutions | 2005 | [28] |
| Cogent Management | Hedge fund management services | 2006 | [29] |
| Zoologic | Education software | 2006 | [30] |
| Northport, LLC | Fund administration | 2007 | [31] |
| Micro Design Services, LLC | Software design and development | 2008 | [32] |
| Evare, LLC | Managed utility service provider for financial data | 2009 | [33] |
| MAXIMIS business from Unisys | Investment accounting software | 2009 | [34] |
| TheNextRound, Inc. | Software developer for private equity and alternative investments | 2009 | [35] |
| Tradeware Global | Broker-neutral system provider for equity market access | 2010 | [36] |
| Geller Investment Partnership Services | Investment partnership services | 2010 | [37] |
| TD Ameritrade's Thinklink Product | Order management software | 2010 | [38] |
| TimeShareWare | Technology solutions for shared-ownership resorts | 2010 | [39] |
| BDO Simpson Xavier Fund Administration Services Limited | Fund administrator | 2011 | [40] |
| Teledata Communications, Inc. software assets | Background-search and credit-retrieval software and services | 2011 | [41] |
| Hedgemetrix | Back-office services for alternative investment funds | 2012 | [42] |
| Thomson Reuters' PORTIA | Middle-to-back office investment operations platform | 2012 | [43] |
| GlopeOp Financial Services S.A. | Fund services | 2012 | [44] |
| Gravity Financial | Fund administrator | 2012 | [45] |
| Prime Management Limited | Fund administrator | 2013 | [46] |
| DST Global Solutions | Investment and fund management and analytics | 2014 | [47] |
| Advent Software | Financial services | 2015 | [48][49] |
| Varden Technologies | Software communication solutions | 2015 | [50] |
| Primatics Financial | Accounting, forecasting, regulatory reporting, reserving and stress testing | 2015 | [51] |
| Modestspark | Client portal and digital client experience tools | 2017 | [52] |
| DST Systems | Information processing and software | 2018 | [53][54] |
| Eze Software | Investment software | 2018 | [55] |
| Intralinks | Financial technology | 2018 | [56] |
| Algorithmics Inc. | Financial risk management | 2019 | [57] |
| MineralWare | Cloud-based asset management platform | 2022 | [58] |
| Blue Prism Group, PLC | Robotic process automation | 2022 | [59] |
| Tier1 CRM | Capital markets CRM | 2022 | [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
External links
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