SS&C Cites Cost Containment for Layoffs SS&C Technologies Holdings, Inc., a provider of post-trade software-based services and systems, has laid off 2.2 percent of its global work force, according to a presentation of financial results for the first quarter of 2021, and full year, which ended March 31, 2021. “Earlier this month, we announced… Read More >>
SS&C Buys Algorithmics from IBM
SS&C Technologies (SS&C) will be acquiring the risk analytic products and services of Algorithmics from IBM via a definitive agreement that also includes more than 200 clients, 350 employees and offices in 25 countries. The deal will facilitate SS&C’s expansion of its risk management and regulatory compliance offerings, officials say. The cloud-based technology of the… Read More >>
SS&C’s Acquisitions Mirror Clients’ Needs: Bill Stone
Bill Stone, chairman and CEO of SS&C Technologies, addressed the company’s acquisition strategy at its customer conference this week, saying that the SS&C client base has grown and diversified. Stone’s comments came at the start of the annual SS&C Deliver 2019 client conference, which ran from Sept. 17 to 19 at the Gaylord Palms Resort… Read More >>
St. James’s Place Moves to SS&C’s Bluedoor
With the help of SS&C Technologies, the London-based St. James’s Place Wealth Management (SJP) has migrated its £69.1 billion ($86.3 billion) in customer accounts from a legacy mainframe application to SS&C’s Bluedoor and Percana Insurance solutions in an effort to give end-user clients a single view across pensions and savings products, officials say. SS&C made… Read More >>
SS&C Acquires Eze Software to Reinvent Investment Ops
SS&C Technologies is buying Eze Software from private equity firm TPG Capital in an all-cash transaction of $1.45 billion and will be incorporating Eze’s offerings into SS&C’s services and front-to-back office suite of transaction processing systems, officials say. “Our clients are focused on reinventing their organizations. The addition of Eze Software aligns with our strategy… Read More >>
SS&C Stock Jumps After DST Systems Acquisition News
SS&C Technologies Holdings, a major provider of financial services software systems and software-enabled services, announced January 11 that is acquiring DST Systems, an information processing and servicing solutions vendor, for approximately $5.4 billion in an all-cash transaction for $84 per share plus assumption of debt, officials say. This acquisition follows SS&C’s late 2014 purchase of… Read More >>
FTF Focus Spotlights the 2016 FTF Awards Winners
For the sixth year in a row, Financial Technologies Forum (FTF) sponsored the FTF News Technology Innovation Awards competition to help securities industry professionals shine the spotlight on the outstanding companies, individuals and industry groups that have achieved excellence in post-trade operations. The key winners for 2016 are featured in the special Awards Issue… Read More >>
Get Ready for the FTF Awards Edition of FTF Focus
(Editor’s Note: We are putting the finishing touches on the FTF Focus magazine edition that features in-depth coverage of the FTF News Technology Innovation Awards. The annual, special edition, which will be online soon, will feature two industry veterans — Philippe Chambadal, the president of SmartStream voted FinTech Person of the Year, and Bill Stone,… Read More >>
Canadian Firm Shifts Fund Administration to SS&C
Canadian firm, Nicola Wealth Management (NWM), has turned to SS&C Technologies to provide fund administration services for nearly $4 billion in assets under management (AUM) in an effort to bolster productivity and reduce operational risk, NWM officials say. SS&C’s fund administration services such as fund accounting and investor services will support NWM’s 15 funds and… Read More >>
FTF Awards Spotlights Ops Providers and Individuals
Financial Technologies Forum (FTF), owner of FTF News, has just announced the winners of the 2016 FTF News Technology Innovation Awards, noting that it had a record-breaking response with approximately 27,000 votes cast for 25 awards categories. Except for the Editor’s Choice award, the nominees and ultimate winners of the awards are selected by FTF… Read More >>
