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.
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SS&C Technologies (Nasdaq: SSNC) announced that CoreVest, a Redwood Trust Company, will implement SS&C's Precision LM™ loan management software. This move aims to enhance automation, operational efficiency, and data accessibility while reducing risks associated with loan management. Precision LM supports various complex loan types and automates the entire loan lifecycle. Christopher Hoeffel, CoreVest's President, emphasized the importance of technology investment for scaling their business. The partnership signifies a strategic focus on mortgage REITs and non-bank lenders.
SS&C Technologies (Nasdaq: SSNC) announced the appointment of Suresh Krishnamurthy as the new head of client solutions for SS&C GlobeOp Private Markets. This role reinforces SS&C's commitment to enhancing its services in private equity and real assets fund administration. Suresh brings a wealth of experience from his previous roles at BNY Mellon and State Street, aiming to leverage innovative technology solutions for clients. Bhagesh Malde, global head of SS&C GlobeOp, expressed enthusiasm about Suresh's expertise and its impact on improving client processes.
SS&C Technologies Holdings has been selected as the administrator for Claymore Capital Partners Fund I, a new private equity fund-of-funds. Claymore aims to provide cost-efficient access to a diversified portfolio through SS&C's comprehensive administration services, including fund accounting and investor services. Rob Neu, Managing Partner at Claymore, emphasized the need for a technology partner with expertise in private equity, while SS&C expressed excitement over supporting this first-time fund launch. This collaboration is expected to enhance growth opportunities for Claymore's investment strategy.
SS&C Technologies Holdings (Nasdaq: SSNC) announced organizational restructuring to enhance growth in financial services. The changes aim to align teams and drive technology innovation and strategic product development. Key divisions include SS&C Global Investor and Distribution Solutions, SS&C ALPS Advisors, and SS&C Retirement Solutions. The restructuring will emphasize digital transformation and improve customer experience. Notably, Michael Sleightholme, former head of DST's financial services, will depart the firm. The company continues to invest in advanced technology and services.
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SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for June 2021 measures 2.68%, an increase from 2.46% in May. This indicator shows a 37% decrease in redemption notices from the previous year, marking the twelfth consecutive month of year-over-year declines. This value is the lowest for June since 2006. With the indicator reflecting investor confidence, the next report will be released on July 22, 2021.
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SS&C Technologies Holdings (Nasdaq: SSNC) announced on June 17, 2021, that it will not exercise its matching rights for Mainstream Group Holdings Limited's shares due to a competing offer. The bid for Mainstream rose from AUS$1.20 to AUS$2.80, representing a 133% increase. SS&C expressed congratulations to Mainstream's board for maximizing shareholder value. Citi served as the financial adviser, and Gilbert + Tobin provided legal advice.
SS&C Technologies (Nasdaq: SSNC), a leader in software solutions for financial services and healthcare, announced that Rahul Kanwar, President and COO, will present at the RBC Capital Markets Financial Technology Conference on June 17, 2021, at 12:40 pm ET. A webcast of the event will be available on SS&C's investor relations website. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves over 18,000 organizations globally.