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 (Nasdaq: SSNC) released the SS&C GlobeOp Forward Redemption Indicator for December 2020, reporting a 3.95% measurement, which increased from 3.63% in November. This level marks the lowest December redemptions since the indicator's inception in 2008. Additionally, redemptions have declined year-over-year for the past six months, indicating strong investor confidence in hedge fund managers' performance during COVID-19 market volatility. The next report is scheduled for January 22, 2021.
SS&C Technologies (Nasdaq: SSNC) announces that Missouri Farm Bureau will transition its insurance investment accounting to SS&C SmartSource services powered by Singularity. This platform utilizes artificial intelligence to enhance investment accounting through robotic process automation, machine learning, and predictive analytics in a cloud-based system.
Missouri Farm Bureau's migration aims to improve transparency, data access, and analytical insights, enhancing operational efficiency.
SS&C Technologies has announced the acquisition of Millennium Consulting Services and Millennium Seminar Services, based in Raleigh, North Carolina. The acquisition aims to enhance SS&C's consulting and training services for the insurance sector. Although the transaction value was not disclosed, the deal will add 13 employees and is expected to create synergies between Millennium's expertise and SS&C's technology offerings. This move is positioned to bolster SS&C's market presence and service delivery in a competitive landscape.
On December 15, 2020, SS&C Technologies (Nasdaq: SSNC) unveiled its Blue Sky Portal, a cloud-based technology solution aimed at assisting investment managers with compliance to state Blue Sky laws. This portal streamlines the compliance process by providing features like updated state fee calculations, an enhanced exemption process, and a comprehensive audit trail, improving operational efficiency.
Over 70 clients, including various fund types, will benefit from SS&C's significant investment in compliance services, enhancing their regulatory management capabilities.
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SS&C Technologies Holdings (Nasdaq: SSNC) released its Q1 2021 SS&C Intralinks Deal Flow Predictor, indicating a recovery in global M&A activity. Worldwide M&A deal announcements are predicted to show double-digit growth in H1 2021. Key regions include Asia-Pacific with a 27% YOY increase, and Europe, Middle East, and Africa anticipating a 20% rise. Latin America is expected to grow by 22%, while North America forecasts a modest 5% increase. The report emphasizes the importance of early-stage M&A activity as a predictor for future announcements.
SS&C Technologies (Nasdaq: SSNC) announced that Janus Henderson has selected SS&C Global Investor & Distribution Solutions (GIDS) and IFDS for global transfer agency services for its funds, particularly in ex-U.S. jurisdictions. The initial phase included migrating over 15,000 Irish accounts totaling more than EUR10 billion in assets under management. This partnership aims to offer improved recordkeeping, operational insights, and real-time support, enhancing client experience through advanced technology and a 'follow-the-sun' support model.
SS&C Technologies (Nasdaq: SSNC) has secured a partnership with Fortlake Asset Management, an emerging manager based in Sydney. Fortlake, which launched this month, chose SS&C's Eze Investment Suite to enhance its investment operations. The suite will facilitate various trading and portfolio accounting functions for Fortlake, focusing on Australian and international fixed income instruments. The collaboration aims to provide robust trading infrastructure, supporting strategies across asset classes, including bonds and OTC securities.
SS&C Technologies, a leader in financial services software, has been appointed as the fund administrator for Kedaara Capital Advisors, a private equity firm based in Mumbai. This partnership will enable Kedaara to leverage SS&C GlobeOp's advanced investor services technology and performance reporting tools. Bhagesh Malde, Global Head of Real Assets at SS&C, emphasized the importance of cutting-edge technology to support India's booming investment management industry. This collaboration aims to enhance operational efficiency for Indian investment managers competing on a global scale.
SS&C Technologies will have its President and COO, Rahul Kanwar, present at the Credit Suisse 24th Annual Technology Conference on December 2, 2020, at 10:10 am ET. The presentation will showcase SS&C's innovations and offerings in software and services for the financial services and healthcare industries. A webcast of the event will be accessible on the SS&C investor relations website.
Founded in 1986 and headquartered in Windsor, Connecticut, SS&C supports approximately 18,000 organizations worldwide.