Profile: SS&C Technologies Holdings Inc (SSNC.OQ)
20 Dec 2013
SS&C Technologies Holdings, Inc. (SS&C Holdings), incorporated in July 2005, is a holding company. SS&C Technologies, Inc. (SS&C) is its operating company and a wholly owned subsidiary of SS&C Technologies Holdings, Inc. The Company provides software products and software-enabled services, which allows financial services providers to automate business processes. Its software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing. On March 10, 2011, the Company acquired BenefitsXML, Inc. On September 8, 2011, it acquired BDO Simpson Xavier Fund Administration Services Limited. In December 2011, the Company acquired Teledata Communications, Inc. In May 2012, the Company announced the completion of its acquisition of the assets of Thomson Reuters Corporation' PORTIA business, including a middle-to-back office investment operations platform. In June 2012, the Company acquired GlobeOp Financial Services S.A. In September 2012, the Company acquired Gravity Financial. In October 2012, the Company acquired Irving, Texas-based Hedgemetrix LLC. In October 2013, SS&C Technologies Holdings Inc acquired Prime Management Limited.
The Company provides financial services industry with a range of software-enabled services, which consist of software-enabled outsourcing services and subscription-based on-demand software. It offers clients multiple software delivery options, including on-premise applications and hosted, multi-tenant or dedicated applications. It provides its solutions globally to more than 5,000 clients, within the institutional asset management, alternative investment management and financial institutions vertical markets. In addition, its clients include commercial lenders, corporate treasury groups, insurance and pension funds, municipal finance groups and real estate property managers.
The Company’s products and services for portfolio management span vertical markets and offer its clients a range of investment management solutions. AdvisorWare software supports hedge funds, funds of funds and family offices with global investment, trading and management concerns, and/or financial, tax, including German tax requirements, partnership and allocation reporting requirements.
The Company’s complete asset management, reporting and accounting (CAMRA) software supports the integrated management of asset portfolios by investment professionals operating across a wide range of institutional investment entities. CAMRA is a multi-user, integrated solution tailored to support the entire portfolio management function and includes features to execute, account for and report on all typical securities transactions.
Debt & Derivatives is a financial application software package, designed to process and analyze activities relating to derivative and debt portfolios, including pricing, valuation and risk analysis, derivative processing, accounting, management reporting and regulatory reporting. Debt & Derivatives delivers real-time transaction processing to treasury and investment professionals, including traders, operations staff, accountants and auditors.
The Company’s GlobalWealth platform provides an integrated suite with components, including modeling, trading, portfolio accounting, client communications and mission critical workflows. Its Lightning automates a range of processes, including trading, sales, funding, accounting, risk analysis and asset/liability management. MAXIMIS is a real-time intranet-enabled portfolio management solution for insurance companies, pension funds and institutional asset managers. Its Pacer is a portfolio management and accounting system, which manages global portfolios and meet the management and accounting needs of all business streams, from institutional and pension management, to separately managed accounts, private client portfolios, mutual funds and unit trusts.
The Company’s Pages is a client communication system that generates individual client statements and slide presentations for print, electronic or face-to-face meetings. Its PortPro delivers Internet-based portfolio accounting and is available as a software-enabled service. Its Recon reconciles transactions, holdings and cash from multiple sources. The Company’s Recon is a transaction, position and cash reconciliation system that streamlines reconciliation. Recon automatically reconciles transactions, holdings and cash from multiple sources. Its Sylvan is a performance measurement, attribution and composite management platform that is designed to streamline the calculation and reporting of performance measurement requirements.
Its TNR Solution is a software product for private equity, hedge funds, funds of hedge funds and family offices. Its Total Return is a portfolio management and partnership accounting system directed toward the hedge fund and family office markets. It is a multi-currency system which provides financial and tax accounting and reporting for businesses with high transaction volumes.
The Company’s real-time trading systems offer a range of trade order management solutions that support both buy-side and sell-side trading. Antares is a real-time, event-driven trading and profit and loss reporting system integrates trade modeling with trade order management. Antares enables clients to trade and report fixed-income, equities, foreign exchange, futures, options, repos and other instruments across different asset classes. Antares also offers an add-on option of integrating Heatmaps’ data visualization technology to browse and navigate holdings information.
Its MarginMan supports collateralized foreign exchange trading, precious metals trading and over-the-counter foreign exchange options trading. Its MarketLook Information System (MLIS) allows traders global access to market color and size directly from traders on the trading floor of the New York Stock Exchange.
The Company’s TradeThru is a Web-based treasury and derivatives operations service that supports multiple asset classes and provides multi-bank, multi-entity and multi-currency integration of front-, middle- and backoffice trade functions for financial institutions. TradeThru is available either through a license or as a software-enabled service. The system delivers automated front- to back-office functions throughout the lifecycle of a trade, from deal capture to settlement, risk management, accounting and reporting. TradeThru also provides data to other external systems, such as middle-office analytic and risk management systems and general ledgers.
The Company offers analytical software and financial modeling applications for the insurance industry. It also provides analytical software and services to the municipal finance groups market. Its DBC Product Suite provides analytical software and services to municipal finance groups. Its Global Markets Risk provides a view of risk across all asset classes for banks, hedge funds, asset managers, insurance companies and pension funds.
The Company’s products support loan administration activities are LMS and The BANC Mall. The BANC Mall is an Internet-based lending and leasing tool designed for loan officers and loan administrators. BANC Mall provides, as a software-enabled service, online lending, leasing and research tools that deliver information for credit processing and loan administration.
The LMS Loan Suite is a single database application, which provides loan management throughout the life cycle of a loan, from the initial request to final disposition. The LMS Loan Suite includes both the LMS Originator and the LMS Servicer, facilitating integrated loan portfolio processing.
SKYLINE is a property management system that integrates real estate property management, from prospect management to lease administration, work order management, accounting and reporting. By providing a single-source view of all real estate holdings, SKYLINE functions as an integrated lease administration system, a historical property/portfolio knowledge base and a robust accounting and financial reporting system, enabling users to track each property managed, including data on specific units and tenants.
Its TimeShareWare Enterprise incorporates a service oriented architecture (SOA) and provides the tools, structure, and performance needed to accommodate management of complex and demanding resort operations, including sales and marketing, management, contract processing, loan servicing and property management.
Money Market Processing
Global Debt Manager is a browser based application for corporate and municipal bond accounting. Integrated with Money Market Manager (M3), Global Debt Manager offers processing for conventional and structured debt within a secure and flexible platform.
The Company’s Zoologic Learning Solutions is a range of learning solutions that provides introductory and continuing education training at all levels. It includes instructor-led training, Web-based courseware and program design.
The Company’s Evare is engaged in financial data acquisition, transformation and delivery services. The Company's SS&C Direct service includes business process outsourcing (BPO) investment accounting and investment operations services, hosting of a company’s application software, automated workflow integration, automated quality control mechanisms, extensive interface and connectivity services to custodian banks, data service providers, depositories and other external entities. Its SS&C Fund Services provides on- and offshore fund administration services to hedge fund and other alternative investment managers. SS&C Fund Services offers fund manager services, transfer agency services, funds of funds services, tax processing and accounting and processing. SS&C PEI Solutions provides outsourced administration services and software designed specifically for the private equity firms and the partnerships they sponsor. SSCNet is a global trade network linking investment managers, broker-dealers, clearing agencies, custodians and interested parties. SVC provides clients data for pricing, corporate actions, dividends, interest payments, foreign exchange rates and security master for global financial instruments. Tradeware FIXLink is a FIX network for IOIs, trades, orders, and allocations, providing a reliable broker-neutral and platform-neutral FIX connectivity service to broker-dealers and institutions.
Software and Service Delivery Options
The Company’s delivery methods include software-enabled services, software licenses with related maintenance agreements, and blended solutions. It provides a range of software-enabled services for its clients. Its software-enabled services are provided under non-cancelable contracts with initial terms of one to five years that require monthly and quarterly payments. It licenses its software to clients through either perpetual or term licenses. In connection with these contracts it provides maintenance. It provides clients with solutions based on a combination of its software and software-enabled services.
The Company offers a range of professional services to assist clients. Professional services consist of consulting and implementation services, including the initial installation of systems, conversion of historical data and ongoing training and support. Its consulting teams have a range of experience in the financial services industry and include certified public accountants, chartered financial analysts, mathematicians and information technology (IT) professionals from the asset management, real estate, investment, insurance, hedge fund, municipal finance and banking industries.
The Company competes with CITCO Group, State Street Bank, GlobeOp Financial Services,SunGard, BNY Mellon Financial (Eagle Investment Systems), Advent Software, StatPro, Charles River Development , State Street Bank ,SunGard, Yardi Systems, Misys, PNC Financial Services (Midland Loan Services and Fidessa.
SS&C Technologies Holdings Inc
80 Lamberton Road
WINDSOR CT 06095