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.
On March 18, 2021, SS&C Technologies Holdings announced that a consortium of top retirement firms has chosen SS&C Retirement Solutions to facilitate their in-plan guaranteed income product, "Income America™ 5ForLife." This solution ensures retirement participants receive guaranteed monthly income. The consortium includes American Century Investments, Lincoln Financial Group, Nationwide, and others. SS&C’s Retirement Income Clearing & Calculation Platform will streamline the product distribution across various record-keeping platforms.
SS&C Technologies Holdings (NASDAQ: SSNC) has launched Algorithmics Scenarios-as-a-Service (ScaaS), a subscription-based service for financial risk simulation. This innovative service utilizes machine learning and comprehensive financial risk modeling to offer stress-testing scenarios, particularly addressing the impacts of pandemics like COVID-19. ScaaS provides specialized stress tests over various periods to enable organizations to make informed decisions in volatile markets. Subscribers gain access to a library of current and historical scenarios delivered through a flexible API.
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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced the appointment of Gautam Moorjani as the head of its newly formed Intelligent Automation Solutions Group. Reporting to Mike Sleightholme, senior vice president and general manager, Moorjani brings extensive experience from PriceWaterhouseCoopers and WorkFusion. The new group aims to enhance digital transformation for clients through technologies like workflow management and machine learning. Moorjani emphasized SS&C's financial strength and global presence, positioning the company to lead in business process management.
SS&C ALPS Advisors announced the transfer of its ETFs, ALPS Clean Energy ETF (ACES) and ALPS Disruptive Technologies ETF (DTEC), from Cboe BZX Exchange to NYSE Arca. The transition is expected to take place around March 29, 2021, with no required action from shareholders. These ETFs currently manage over $14.9 billion in assets.
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SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announces that PPS Investments has selected the Sylvan™ platform to enhance its global performance measurement and attribution capabilities. This decision will support $2.74 billion in assets under management (AUM) and improve decision-making processes through Sylvan's advanced features, including multi-currency and multi-asset attribution. Key stakeholders expressed confidence in Sylvan's ability to drive efficiency and better insights.
SS&C Technologies (Nasdaq: SSNC) announced that Eleva Capital, an independent investment manager based in Paris and London, has selected SS&C's Eze Investment Suite for its expanding fixed income operations. Eleva has incorporated its newly launched funds, ELEVA Global Bonds Opportunities and ELEVA Euro Bonds Strategies, into the platform. The Eze suite will assist Eleva in investment processes such as order management, trading, and compliance. Eleva Capital, founded in 2014, currently manages approximately 8 billion euros and focuses on European equities and Global Fixed Income.
SS&C Technologies (Nasdaq: SSNC) has completed the acquisition of Capita Life & Pensions Services (Ireland) Limited, enhancing its global business process outsourcing capabilities. The acquisition adds approximately 370 employees in Dublin, Belfast, and Craigforth, bringing extensive expertise in business process management, technology, and consultancy services for the international life and pensions sector. This move positions SS&C to address the complexities of retirement assets more effectively, expanding its footprint and depth in multi-jurisdictional servicing.
SS&C Technologies Holdings (Nasdaq: SSNC) released findings from the Q2 2021 SS&C Intralinks Deal Flow Predictor, highlighting a positive outlook for M&A activity. Key insights include:
- Asia-Pacific expected to see a 10% increase YoY.
- Europe, the Middle East, and Africa maintaining pre-pandemic levels.
- Latin America likely to witness a decline compared to Q1 2021 but still substantial YoY volume.
- North America predicts a 10% increase in M&A volume.
SS&C Intralinks has facilitated over US$34.7 trillion in transactions.
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