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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) has been chosen by ProFunds to provide 18f-4 risk analytics for the new Bitcoin Strategy ProFund (BRCFX), the first publicly available U.S. mutual fund linked to bitcoin performance. The collaboration allows ProFunds to meet SEC compliance requirements for derivatives. SS&C's Algorithmics Managed Data and Analytics Service will support advanced risk analytics across various asset classes, including cryptocurrency. With over $60 billion in assets managed, ProFunds aims to enhance investor opportunities in the crypto market.
On February 1, 2022, SS&C Technologies (Nasdaq: SSNC) announced the renewal and expansion of its transfer agency contract with RBS Collective Investment Funds Limited, a subsidiary of NatWest. This agreement involves the migration of over 800,000 investor portfolios, including more than 700,000 child trust funds. The expansion will introduce new digital services, including mobile applications and a Digital Investor portal, aimed at modernizing operations and enhancing client engagement. This collaboration signifies SS&C's commitment to provide innovative solutions for its clients.
SS&C Technologies (Nasdaq: SSNC) has launched its Treasury Management Platform, now operational for Emso Asset Management, which manages $6.8 billion in assets. This platform enhances treasury workflows, facilitating real-time cash management and cash flow forecasting across 36 funds. Emso's Treasury Manager, Gareth Jamieson, highlighted the platform's data analysis capabilities, boosting confidence in liquidity. SS&C's Head of Middle Office Solutions, Jon Anderson, emphasized the platform's efficiency and scalability to empower clients in managing portfolios.
SS&C Technologies Holdings reported that its GlobeOp Forward Redemption Indicator for January 2022 decreased to 1.52%, down from 2.54% in December 2021. This marks the lowest monthly redemption level since the Indicator's inception in 2008 and represents a year-over-year decrease from 1.78% in January 2021. The reduction reflects growing investor confidence amid the Omicron variant's rise. The Forward Redemption Indicator is crucial for understanding hedge fund investor sentiment, as it tracks redemption notices against assets under administration.
SS&C Technologies Holdings will announce its fourth quarter and full year 2021 financial results on February 10, 2022, after market close. The upcoming earnings call is scheduled for the same day at 5:00 p.m. ET. Investors can access the press release via SS&C's website or PR Newswire. The audio replay of the call will be available starting 8:00 p.m. on February 10 until midnight on February 21, 2022.
SS&C, a leader in financial services and healthcare software, supports around 18,000 organizations globally.
SS&C Technologies (Nasdaq: SSNC) will have President and COO Rahul Kanwar present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 4:15 PM ET. The conference offers insights into the company's strategic initiatives and market positioning. Investors can access webcasts and presentation materials on the company's investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C provides software and services to approximately 18,000 organizations in the financial services and healthcare sectors.
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