TMCnet News
SS&C Celebrates 10 Years Since Acquisition of Financial Models CompanyWINDSOR, Conn., April 20, 2015 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today celebrates the 10th anniversary of its acquisition of Financial Models Company. The deal saw Global Wealth Platform (GWP), Pacer, Sylvan, Pages, Recon, SSCNet and SVC integrated into the SS&C offering, transforming front-, middle- and back-office services for institutional and private wealth managers globally. Since the acquisition of these solutions in April 2005, SS&C has leveraged its comprehensive technology portfolio and expertise to automate the investment management lifecycle and spur the adoption of these solutions. "Over these past ten years, these solutions have proven to be a pivotal acquisition. I believe we have raised revenues 50 percent and significantly increased operating margin. We've demonstrated our ability to integrate quickly, delivering a comprehensive front- to back- office, straight-through-processing solution," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The opportunities created by combining Financial Models with SS&C have benefitted our entire customer and employee base." "The acquired solutions continue to be highly complementary to SS&C's core offerings and customers have benefited from SS&C's strong cloud and service expertise," said Eric Rocks, Vice President and Mnaging Director, SS&C Canada. "Additionally, our employees have enjoyed increased wealth, career opportunities and being part of a large, customer-focused, competitive company." Notes to editors: Key highlights since the acquisition in April 2005 include:
For further details on any of the above, please get in touch: Metia (UK) About SS&C Technologies SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 7,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets. Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587 Logo - http://photos.prnewswire.com/prnh/20150410/197838LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ssc-celebrates-10-years-since-acquisition-of-financial-models-company-300068436.html SOURCE SS&C |