Welcome to our dedicated page for Ss&C Technologies news (Ticker: SSNC), a resource for investors and traders seeking the latest updates and insights on Ss&C Technologies stock.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) is a global provider of services and software for the financial services and healthcare industries. Founded in 1986 and headquartered in Windsor, Connecticut, the company is frequently in the news for developments across fund administration, wealth management technology, corporate actions and capital markets activity.
This SSNC news page highlights press releases and third-party coverage related to SS&C’s business. Readers can follow announcements about earnings release schedules, quarterly and full-year results, and dividend declarations on the company’s common stock. SS&C regularly files Form 8-K reports to furnish earnings information and to disclose material events such as acquisitions and financing arrangements.
News items also cover SS&C’s role in fund administration and indices through SS&C GlobeOp, including monthly publications of the SS&C GlobeOp Forward Redemption Indicator and related hedge fund indices. These updates provide insight into redemption activity, capital movements and performance trends for hedge funds administered on the SS&C GlobeOp platform.
In addition, SS&C issues news on strategic initiatives such as the expansion of its European wealth management capabilities via MiFID authorization in Ireland, technology enhancements like integrations within SS&C Black Diamond Wealth Solutions, and client wins where fund managers select SS&C for administration and operational support. Subsidiary activity, including SS&C ALPS Advisors’ involvement with closed-end funds and exchange-traded funds, also appears in related releases.
Investors, analysts and industry participants can use this page to monitor ongoing corporate developments, product and platform updates, index publications and other events that may influence their view of SS&C’s operations and strategic direction.
SS&C Technologies Holdings announced the launch of its intelligent automation portfolio under the SS&C Blue Prism brand at the SS&C Deliver Conference on Oct. 3, 2022. The suite integrates robotic process automation (RPA), business process management (BPM), AI, and no-code offerings to enhance operational efficiency. Key features include Blue Prism® Intelligent Automation Platform, UX Builder, and upcoming enhancements like Capture and Email AI. Over 2,800 customers worldwide utilize SS&C Blue Prism for digitizing operations across various sectors.
SS&C Technologies (Nasdaq: SSNC) announced a partnership with Coinbase to enhance its Eze Investment Suite by integrating Coinbase Prime, an institutional platform for digital assets. This collaboration allows institutional traders to manage crypto trading processes seamlessly, including pre-trade compliance and custody. The partnership aims to provide access to a diverse liquidity pool of digital assets and offers a comprehensive view of crypto investments alongside traditional securities, aligning with the growing institutional interest in digital assets.
SS&C GlobeOp Forward Redemption Indicator for September 2022 is reported at 2.67%, an increase from 2.35% in August. This figure is deemed favorable compared to historical norms, although it exceeds the 2.45% recorded in September 2021. Bill Stone, CEO, noted that redemption notices have remained near all-time low levels, indicating sustained investor commitment despite financial market challenges. The Indicator, crucial for gauging investor sentiment in hedge funds, reflects actual notifications received and will be updated next on October 21, 2022.
SS&C Technologies (Nasdaq: SSNC) announced a collaboration with Trumid, a financial technology company, to enhance access to corporate bond liquidity for Eze OMS clients. This integration allows users to source liquidity from over 650 institutions while benefiting from flexible trading protocols and integrated market data. With this collaboration, SS&C expands its fixed income trading platforms to six, with additional integrations planned. Both companies aim to improve trading experiences and connectivity in the financial services sector.
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SS&C Technologies Holdings announces the appointment of Bhagesh Malde to lead its newly combined global fund administration and servicing business under the SS&C GlobeOp brand. This consolidation will enhance hedge fund administration and private markets services, driven by the anticipated growth in the alternatives industry, expected to reach $23.21 trillion by 2026. Malde previously led SS&C GlobeOp Private Markets and has extensive experience from State Street and J.P. Morgan. The move is seen as a strategic response to increasing demand for innovative technology solutions in the evolving investment landscape.
ISPT, a leading Australian property fund manager, has selected SS&C Sylvan for its investment performance measurement needs. This decision comes as ISPT looks to improve its analytics capabilities and replace its existing system. SS&C Sylvan's features include automated financial data ingestion and advanced return calculation methods, making it a strong fit for ISPT's objectives. With over A$22 billion in assets under management, ISPT aims to enhance its return analysis across various property investment sectors.
SS&C Technologies Holdings (Nasdaq: SSNC), a leader in software and services for the financial and healthcare sectors, announced its participation in key investor conferences. Bill Stone, CEO, will engage in 1:1 meetings at Morgan Stanley's Hybrid Non-Deal Roadshow on September 13, 2022, in New York City. Additionally, Rahul Kanwar, President, is set to participate in the UBS FinTech One-on-One Conference on September 15, 2022. SS&C, founded in 1986 and headquartered in Windsor, Connecticut, serves over 20,000 organizations worldwide.
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D.A. Davidson served as the exclusive advisor to Wavecrest Growth Partners-led Tier1 CRM in its sale to SS&C Technologies (NASDAQ: SSNC). Tier1 CRM specializes in deal management and compliance solutions, enhancing productivity for clients in equity research and investment banking. D.A. Davidson previously advised Tier1 CRM during its recapitalization in December 2017. This marks D.A. Davidson's fourth successful transaction with SS&C, showcasing their expertise in the capital markets technology sector, with nearly 80 advisory transactions valued over $20 billion since January 2021.