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 (Nasdaq: SSNC) has introduced a new workforce optimization solution in collaboration with ActiveOps. This product aims to enhance productivity and support employee well-being in remote and hybrid work settings. By integrating data analytics and management tools, companies can uncover inefficiencies and improve operational performance. General Managers from both companies emphasize the importance of intelligent tools to adapt to the evolving work environment, making it crucial for businesses to leverage these insights for better decision-making.
SS&C Technologies announced that the SS&C GlobeOp Forward Redemption Indicator for October 2021 reached an all-time low of 1.56%, a decrease from 2.45% in September. This marks the lowest monthly redemption level since the Indicator's inception in 2008 and represents a significant year-over-year improvement from 2.84% recorded in October 2020. The company sees this as a positive trend for hedge fund asset growth, continuing a series of 16 months of year-over-year reductions. The next report will be published on November 16, 2021.
On Oct 20, 2021, SS&C Technologies announced that DDH Graham Limited, a fund management provider in Brisbane, will utilize its Bluedoor SaaS platform for fund administration. This partnership aims to enhance operational efficiency and reduce costs. As part of the collaboration, AMG Super will launch the Acclaim Super & Pension product on Bluedoor, improving advisor and member engagement through enhanced self-service capabilities. SS&C's Bluedoor platform supports digital operations and automates processes for a better user experience.
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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) will announce its third quarter 2021 financial results on October 28, 2021, after market close. An earnings conference call will follow at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can access the press release through SS&C's website or via PR Newswire. The earnings call will be available for audio replay starting at 8:00 p.m. on October 28 until November 4, 2021. SS&C has a broad clientele in the financial services and healthcare sectors, providing software solutions and services.
SS&C Technologies Holdings (Nasdaq: SSNC) announced that Bradesco Securities, Brazil's brokerage arm, has chosen SS&C MarketTrader as its core order management system. MarketTrader will enhance Bradesco's multi-asset trading capabilities, facilitate compliance with CAT and MiFID II reporting, and ensure seamless broker access via SS&C FIXLink. Bradesco expressed satisfaction with the system's user-friendliness and the smooth migration process conducted by SS&C, which reinforces their partnership moving forward.
On October 4, 2021, SS&C Technologies (Nasdaq: SSNC) announced a strategic partnership with Mammoth Scientific, a venture capital firm, to administer its inaugural $100 million health science and technology fund. This collaboration aims to provide venture capital to companies moving beyond seed funding. Mammoth Scientific, seeking to democratize early-stage alternative investments, chose SS&C for its proven expertise in private markets and innovative solutions, including fund administration and technology support.
SS&C Technologies Holdings announced that 8.2% of global mergers and acquisitions (M&A) deals leaked before official announcements in 2020, down from 8.7% in 2019. The SS&C Intralinks 2020 M&A Leaks Report revealed that leaked deals were valued at $69 billion, a 50% decline from $139 billion in 2019. South Korea, India, and Hong Kong led in leaked deal activity. Leaked deals attracted more rival bids and completed faster than non-leaked deals. The report analyzed 14,288 M&A transactions conducted from January 1, 2009, to December 31, 2020.
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