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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 (Nasdaq: SSNC) announced major enhancements to its SS&C Eze investment management platforms on June 23, 2022. The updates focus on fixed income liquidity, digital asset trading, and multi-asset workflows. New features include expanded liquidity options, improved repo workflows, a digital asset trading network supporting 26 token pairs, and enhanced automated trading capabilities. These developments position SS&C Eze as a leader in cutting-edge investment technology solutions, addressing key challenges faced by asset managers.
SS&C Technologies (Nasdaq: SSNC) has announced a strategic partnership with Xcentuate, enhancing its presence in the EMEA and APAC regions. This collaboration follows SS&C's acquisition of Blue Prism, a leader in Robotic Process Automation. Xcentuate will act as a consulting partner, providing implementation and support for complex projects. This partnership aims to leverage Xcentuate's expertise to access new customers, develop targeted solutions, and enhance professional services within the burgeoning operational automation market.
SS&C GlobeOp Forward Redemption Indicator for June 2022 shows an increase to 2.42%, up from 1.97% in May. This signifies lower termination notices compared to 2.68% a year ago, indicating strong hedge fund asset retention amid favorable year-to-date returns. The Forward Redemption Indicator reflects investor confidence, measuring redemptions from hedge fund investors. The next report will be published on July 22, 2022.
SS&C Technologies Holdings (Nasdaq: SSNC) announced the addition of four O'Shares ETFs to its offerings via its subsidiary, SS&C ALPS Advisors. The ETFs include:
- ALPS | O'Shares U.S. Quality Dividend ETF (OUSA)
- ALPS | O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM)
- ALPS | O'Shares Global Internet Giants ETF (OGIG)
- ALPS | O'Shares Europe Quality Dividend ETF (OEUR)
These funds aim to deliver strong growth with reduced risk, focusing on quality stocks and thematic strategies, thereby expanding SS&C's investment products for various investor objectives.
O’Shares ETFs has completed a strategic transaction with SS&C Technologies to reorganize its ETFs into those managed by SS&C ALPS Advisors, which oversees over $19 billion in assets under management (AUM). The transitioning ETFs will retain their original target indices and ticker symbols: OUSA, OUSM, OEUR, and OGIG. This partnership aims to enhance distribution and growth in the ETF market, as expressed by O’Shares executives, Kevin O’Leary and Connor O’Brien, who anticipate increased reach for their investment strategies.
SS&C Technologies (Nasdaq: SSNC) announced that Secfi, a leader in employee equity planning and financing, has selected SS&C for fund administration and accounting services. This partnership aims to enhance support for private company shareholders seeking liquidity for employee stock options. SS&C's technology will streamline pre-IPO equity financing, facilitating growth in the private credit lending sector. Secfi's COO praised SS&C for its flexibility and expertise, anticipating future market expansion.
SS&C Technologies Holdings (Nasdaq: SSNC) has announced an extension of its long-standing Transfer Agency services relationship with Federated Hermes, a leader in responsible investing. This partnership, lasting nearly 50 years, ensures SS&C will continue to provide domestic transfer agency services for Federated's $631 billion AUM. The collaboration leverages SS&C's advanced Lyric technology platform, enhancing services like recordkeeping and transaction processing. This extension underscores the trust and mutual commitment between both firms to deliver high-quality service to clients.
SS&C Technologies Holdings, a global software provider for financial services and healthcare, announced that President and COO Rahul Kanwar will present at the RBC Capital Markets Financial Technology Conference on June 14, 2022, at 4:05 pm ET in New York. The presentation will be available via webcast on the company's investor relations website. Established in 1986 and headquartered in Windsor, Connecticut, SS&C serves around 20,000 organizations, including major financial firms and healthcare providers.
SS&C Technologies Holdings has partnered with Windward Management LP, a Miami-based hedge fund, to launch its operations using SS&C's front-to-back office solution. This collaboration includes fund administration, order management, investor relations, and compliance services. Windward Management, led by Marc Chalfin, employs a long/short fundamental value investing strategy focusing on the Consumer and Industrial sectors. SS&C aims to leverage its operational technology and expertise to support the growth of Windward Management and similar entities in the financial sector.
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