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 RiverNorth Capital Management has selected its front-to-back solution for managing a $5.3 billion portfolio. This partnership will streamline operations and reporting for RiverNorth's registered funds, private funds, and institutional portfolios. The comprehensive solution includes order management, trade execution, and reconciled data access, enhancing transparency. RiverNorth aims to centralize its operations on SS&C's platform, allowing it to focus on growth while SS&C manages operational tasks.
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SS&C Technologies (Nasdaq: SSNC) announced that its digital investment platform, Singularity, has acquired over 50 clients. Singularity enhances middle and back-office operations for insurance firms through advanced technologies such as machine learning and predictive analytics. The platform offers automation, analytical insights, and compliance support, addressing the need for improved operational models in the wake of the pandemic. SS&C's CEO noted the significant demand for holistic AI-driven data analytics in investment portfolios.
SS&C Technologies (Nasdaq: SSNC) released the Q3 2021 SS&C Intralinks Deal Flow Predictor, indicating a positive outlook for global mergers and acquisitions (M&A) activity. The report forecasts a greater than 10% increase in announced M&A volume compared to Q3 2020, driven by growth in all regions, particularly Asia-Pacific. North America is expected to continue its record growth due to re-openings and vaccinations. SS&C Intralinks has facilitated over US$34.7 trillion in transactions, underlining its pivotal role in enabling M&A activities.
SS&C Technologies (Nasdaq: SSNC) announced that Hurricane Capital Advisors has launched operations utilizing SS&C's front-to-back office solution. This partnership will include fund administration, customized middle-office solutions, FIX connectivity, and advanced order management systems. Hurricane Capital's platform allows experienced managers to invest globally while maintaining superior asset control. Expected to host ten portfolio managers by July, Hurricane Capital's leadership team brings over 50 years of investment experience. SS&C aims to support fund launches with flexible technology and services.
SS&C Technologies (SSNC) announced that CSOP Asset Management Ltd. in Hong Kong has selected the Eze Investment Suite for order management and portfolio accounting. This system offers the flexibility necessary for managing leveraged and inverse products, ETFs, and equities. CSOP, the first offshore asset manager in China, aims to enhance its portfolio management and trading workflows with this technology, which will facilitate foreign investment into China’s capital markets.
SS&C Technologies announced a strategic investment in Japan with the deployment of its Distributed Storage Node technology. This advancement enhances the Intralinks VDRPro™ service, allowing local data storage for quicker access. The Tokyo storage node will serve clients in sectors like syndicated loans and M&A. Notable client Mizuho Bank expressed that this launch will bolster digital transformation in syndicated loan administration amid evolving data privacy regulations.
SS&C Technologies Holdings (Nasdaq: SSNC) announced on June 2, 2021, that several financial institutions worldwide have begun implementing its Fundamental Review of the Trading Book (FRTB) solution in 2021. This solution addresses upcoming Basel Committee market risk capital requirements effective January 2023. Notable clients include Denmark's SDC and Slovenia's Nova Ljubljanska banka, both of whom emphasized the need for compliance and enhanced risk management capabilities. The FRTB solution offers high performance, scalability, and extensive model coverage, positioning SS&C as a key player in the financial services industry.
SS&C Technologies has amended its acquisition proposal for Mainstream Group Holdings, offering A$2.76 per security, totaling an enterprise value of approximately A$406 million (US$314 million). This acquisition, aimed at obtaining 100% of Mainstream's shares, is pending approval from Mainstream's shareholders and regulators and is expected to close in Q3 2021. Mainstream provides various investment administration services globally, managing funds worth AUD $272 billion for over 176,000 investors.
SS&C Technologies has launched SS&C Lyric, a cutting-edge operating platform designed for asset managers, broker-dealers, retirement recordkeepers, and superannuation providers. This platform provides a cloud-based environment with customizable user experiences and real-time data transparency. Core features include 24x7 availability and personalized configurations. The transition to Lyric is being implemented across SS&C's global recordkeeping solutions without requiring any conversions from existing platforms. This initiative aims to enhance client service and data management capabilities.