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. reports developments across investment, financial and healthcare software, technology-enabled services and enterprise automation. Recurring updates include quarterly earnings, cash flow and leverage commentary, product launches such as SS&C Blue Prism WorkHQ, and AI governance initiatives for regulated enterprises.
Company news also covers SS&C GlobeOp fund administration data, including hedge fund redemption and capital movement indicators, as well as client deployments involving managed IT services, fund administration, middle- and back-office operations, investor services and regulatory reporting.
SS&C Technologies (Nasdaq: SSNC) announced a strategic investment in a new company formed from the merger of Equiniti and American Stock Transfer & Trust Company (AST), recently acquired by Siris Capital Group. This new entity aims to become a leading provider of shareholder and regulatory technology. SS&C holds a minority stake and sees collaboration opportunities to enhance the investor experience. Nick Wright from SS&C has joined the board, reflecting the firm's commitment to innovation in financial services.
SS&C Technologies Holdings (Nasdaq: SSNC) reported that its GlobeOp Forward Redemption Indicator for December 2021 rose to 2.54%, an increase from 2.28% in November. This figure marks a significant drop from 3.95% a year prior and represents the lowest December redemptions since the Indicator's inception in 2008. Furthermore, 2021 saw the lowest annual redemption levels in the history of the Indicator. The report indicates strong investor confidence in hedge fund managers' capabilities amidst challenges posed by COVID-19 variants and inflation.
SS&C Technologies (Nasdaq: SSNC) announced that PKO Bank Polski has implemented its Fundamental Review of the Trading Book - Standardized Approach (FRTB-SA) solution to comply with upcoming Basel Committee regulations effective January 2023. With EUR 80 billion in assets, Poland's largest bank aims to enhance its risk management framework. The solution is set to streamline regulatory and internal risk calculations, improving efficiency and performance. SS&C's software offers rapid computation and flexibility, further solidifying its long-term partnership with PKO Bank Polski.
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SS&C Technologies Holdings has announced a definitive agreement to acquire Hubwise Holdings Limited in an all-cash transaction, enhancing its presence in the U.K. B2B investment platform sector. Approved by Hubwise shareholders, the acquisition involves 58 employees and 51 customers and is expected to close in 2022, pending regulatory approvals. This strategic move aims to leverage SS&C's scale and digital services to strengthen its solutions for asset managers and wealth managers, addressing competitive pressures and boosting efficiency.
SS&C Technologies (Nasdaq: SSNC) has announced a recommended cash offer of 1,275 pence per share for Blue Prism Group plc, valuing the acquisition at approximately $1.7 billion (£1.2 billion). Blue Prism, a leader in robotics process automation, serves over 2,000 clients globally. The acquisition aims to enhance SS&C's efficiencies and drive significant growth opportunities by leveraging its Chorus intelligent automation platform alongside Blue Prism's RPA solutions. The deal awaits necessary regulatory approvals and majority shareholder consent from Blue Prism.
SS&C Technologies announced its SS&C GlobeOp Forward Redemption Indicator for November 2021 at 2.28%, a significant rise from 1.56% in October. This marks a notable decrease from 3.63% reported last year, indicating lower hedge fund redemptions. This result reflects seventeen consecutive months of declining year-over-year redemptions. The November 2021 figure is the lowest recorded since the indicator's inception in 2008, demonstrating strong hedge fund asset retention heading into year-end.
SS&C Technologies has made a preliminary approach to acquire Blue Prism Group for 1,200 pence per share, valuing Blue Prism at approximately $1.6 billion. Blue Prism, based in London, is recognized for its enterprise intelligent automation solutions. The acquisition aims to enhance SS&C's technological offerings, particularly in intelligent automation. However, the approach is contingent on due diligence and no guarantee of an offer exists. A further announcement will follow if applicable.
SS&C Technologies has announced a quarterly dividend increase to $0.20 per share, up from $0.16. The dividend will be paid on December 15, 2021, to shareholders on record by December 1, 2021. CEO Bill Stone highlighted strong operational performance, reporting $944.8 million in net cash from operating activities for the first nine months of 2021. This decision reflects the company’s commitment to a shareholder-friendly capital allocation strategy amid ongoing market challenges.