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SS&C Technologies Inc. (NASDAQ: SSNC), founded in 1986, is a global provider of software products and software-enabled services that focus primarily on the financial services and healthcare sectors. Headquartered in Windsor, Connecticut, SS&C operates worldwide, offering solutions that encompass account administration, asset valuation, compliance processing, data gathering, investment accounting, performance measurement, and regulatory reporting.
The company caters to a diverse clientele, including asset managers, banks, financial advisors, insurance companies, real estate investment trusts (REITs), and alternative investment firms. SS&C's offerings are tailored to meet the specific needs of each industry, ensuring operational excellence and compliance with regulatory requirements. By leveraging state-of-the-art technology, SS&C helps its clients manage and account for investments totaling over $44 trillion.
SS&C's product suite includes SS&C GlobeOp, which provides fund administration services to alternative and traditional asset managers, and Intralinks, a leading provider of Virtual Data Room solutions. The acquisition of DST Systems in 2018 expanded SS&C's footprint into the healthcare sector, adding pharmacy health management solutions and medical claim administration services to its portfolio. More recently, in 2022, SS&C acquired Blue Prism, further enhancing its intelligent automation capabilities.
SS&C's latest strategic moves include a partnership with Regnology to deliver an integrated risk and regulatory reporting solution designed to streamline compliance and analytical insights. This collaboration aims to help financial institutions adapt swiftly to regulatory changes, enhancing their operational efficiency.
Financially, SS&C has demonstrated robust performance, with record adjusted revenue and consolidated EBITDA for the full year 2023. The company generated over $1.2 billion in operating cash flow and maintains a strong cash position with a net leverage ratio of 3.05 times consolidated EBITDA. Despite global economic uncertainties, SS&C continues to see opportunities in both the financial services and healthcare markets, driven by strategic acquisitions and partnerships.
SS&C is also enhancing its global reach, recently receiving regulatory approval to expand its fund administration services in the Abu Dhabi Global Market. This move reinforces SS&C's commitment to providing comprehensive financial technology solutions across different regions and markets.
SS&C Technologies Holdings, a leading global provider of software and services for financial services and healthcare, announced that Bill Stone, Chairman and CEO, will present at the D.A. Davidson Fintech & Payments Spotlight Conference. The event is scheduled for December 8, 2022, at 1:15 PM ET at the Thompson Central Park Hotel in New York City. The conference aims to showcase innovations in fintech and payments, and a webcast of the presentation will be available on SS&C's investor relations website.
SS&C Technologies (Nasdaq: SSNC) has acquired Complete Financial Ops, Inc. (CFO) Fund Services, a Colorado-based fund administration firm. The acquisition, which was an all-cash deal with undisclosed terms, adds 25 clients and eight employees to SS&C's roster. With over $2 trillion in alternative assets under management, this move enhances SS&C's capabilities in servicing venture capital and family office funds. The company aims to leverage its size and technology offerings to improve service delivery and expand its footprint in the Denver area.
SS&C Technologies Holdings (Nasdaq: SSNC) announced that Bill Stone, Chairman and CEO, will present at the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 10:15 am MT in Scottsdale, AZ. This conference will connect investors with industry insights, showcasing SS&C's role as a leading provider of software and services for financial and healthcare sectors. The event will be available for webcast on SS&C's investor relations website.
SS&C Technologies (Nasdaq: SSNC) announced an extension of its transfer agency services for Jupiter Asset Management, managing a portfolio exceeding GBP28 billion. This partnership enhances SS&C's commitment to evolving digital solutions and delivering superior client service. Jupiter will utilize SS&C's advanced analytics to improve insights into fund flows. Key executives from both companies emphasized the importance of their long-term relationship and the shared goal of optimizing client experiences through digital advancements.
SS&C Technologies Holdings (Nasdaq: SSNC) declared a quarterly dividend of $0.20 per share, reaffirming its commitment to shareholder returns. This dividend is scheduled for payment on December 15, 2022, to stockholders of record as of the close on December 1, 2022. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves a global clientele in the financial services and healthcare sectors, emphasizing its role as a trusted partner for over 20,000 organizations worldwide.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced significant updates to its SS&C Advent solutions, including Advent Genesis, Geneva, Advent Managed Services, and Advent Syncova. Key enhancements focus on improving portfolio management, analytics, and operational services. Notable advancements include up to 90% reduction in workflow durations and increased flexibility in performance metrics. The updates aim to address market demands and enhance client experiences in a rapidly evolving financial services landscape.
The Alerian MLP ETF (NYSE Arca: AMLP) announced a fourth quarter 2022 distribution of $0.75 per share, declared on November 8, 2022. Shareholders on record as of November 10, 2022, will receive the dividend on November 16, 2022. The distribution is estimated to be a 100% return of capital. Important dates include the ex-date on November 9, 2022, and the record date on November 10, 2022. Investors should be aware that the Fund is taxed as a regular corporation, which can affect distributions.
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