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SS&C Technologies

From Simple English Wikipedia, the free encyclopedia

SS&C Technologies Holdings is an American multinational holding company based in Windsor, Connecticut. It sells software and software as a service to the financial services industry and specializes in fund administration, wealth management accounting, and insurance and pension funds.[1][2]

History

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SS&C was founded in 1986 by William C. Stone,[3] went through an IPO in 1996,[4] was taken private in a leveraged buy-out in 2005,[5] and went through a second IPO in 2010.[6] In 2021, Mammoth Scientific selected SS&C as the administrator and technology partner for its $100 million venture capital fund,[7] and Gordian Capital started using SS&C's Eze Investment Suite for its trading, portfolio, and risk management services.[8] In May 2022, Liontrust Asset Management extended its mandate with SS&C.[9] In June, SS&C released a new asset allocator platform for institutional investors.[10] The company has numerous acquired subsidiaries, such as Advent Software,[11] Varden Technologies,[12] Eze Software, and Primatics Financial.[13]

References

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  1. ↑ "SS&C Technologies, Inc.: Private Company Information - Bloomberg". Bloomberg News. Retrieved January 25, 2017.
  2. ↑ "SS&C Technologies, Inc.: About Us: Offices". Retrieved June 4, 2019.
  3. ↑ Cassady, By Pam. "William Stone founder of SS&C Technologies continues to support his hometown". Courier & Press. Retrieved 2022-10-25.
  4. ↑ "SSNC Share Price and News / SS&C Technologies Holdings, Inc. (NASDAQ)". fintel.io. Retrieved 2022-10-25.
  5. ↑ "SS&C Technologies sells to the Carlyle Group for $941M". www.bizjournals.com. Retrieved 2022-10-25.
  6. ↑ Cowan, Lynn. "IPO Outlook: SS&C Technologies Set to Close Out March IPOs". WSJ. Retrieved 2022-10-25.
  7. ↑ "Mammoth Scientific selects SS&C for inaugural VC Fund". Private Equity Wire. 2021-10-05. Retrieved 2022-11-08.
  8. ↑ Lomax, Asset Servicing Times reporter Jenna. "Gordian Capital picks SS&C Technologies' Eze". www.assetservicingtimes.com. Retrieved 2022-11-30.
  9. ↑ Lomax, Asset Servicing Times reporter Jenna. "Liontrust Asset Management renews contract with SS&C Technologies". www.assetservicingtimes.com. Retrieved 2022-11-30.
  10. ↑ "SS&C targets institutional investors with new asset allocator platform - Global Custodian". www.globalcustodian.com. Retrieved 2022-12-15.
  11. ↑ Merced, Michael J. de la (2015-02-02). "SS&C to Buy Advent Software for $2.3 Billion". DealBook. Retrieved 2023-05-12.
  12. ↑ "SS&C Technologies Holdings Acquires Varden Technologies | Mergr M&A Deal Summary". mergr.com. Retrieved 2023-05-12.
  13. ↑ "SS&C to Acquire Primatics for $122M | FTF News - Part 8409". www.ftfnews.com. Retrieved 2023-05-12.
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