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 its speaker lineup for the Alternative Investments Global Virtual Summit 2020 on December 10, 2020. The event will feature industry leaders including David M. Rubenstein, Orlando Bravo, and Sam Zell, moderated by Steve Leisman from CNBC. Participants can engage in discussions covering key topics such as private equity strategies, fundraising, due diligence, and ESG. The summit is expected to attract approximately 4,000 professionals globally, enhancing networking among investment professionals.
SS&C Technologies (Nasdaq: SSNC) announced that Rahul Kanwar, President and COO, will speak at Citi's 2020 Virtual Financial Technology Conference on November 16, 2020, at 10:30 am ET. The presentation will focus on the company’s innovative software and services for the financial and healthcare sectors. 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 supports over 18,000 organizations, catering to various market needs globally.
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RiverNorth Opportunities Fund, Inc. (NYSE: RIV) has successfully completed its rights offering, issuing 575,706 new common shares. The offering, which closed on November 6, 2020, generated approximately $8.1 million in gross proceeds at a subscription price of $14.08 per share. As of September 30, 2020, the Fund had $140.3 million in net assets and 9.4 million shares outstanding. The Fund's goal is total return through capital appreciation and current income, with investors advised to review associated risks and fees before investing.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced that its cloud-based investment management platform, Eze Eclipse, has acquired over 150 clients. The platform has witnessed a significant boost, more than doubling its client base among hedge funds and asset managers in the past year, maintaining a 100% client retention rate. Recent enhancements include faster trade entry and a mobile app for investment activities. Ennio Carboni has been appointed to lead product and engineering for Eclipse, bringing experience from VMWare.
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RiverNorth Opportunities Fund (NYSE: RIV) announced preliminary results of its rights offering, which expired on November 6, 2020. The fund received subscriptions for 575,813 shares, anticipating gross proceeds of approximately $8.1 million. The final subscription price was set at $14.08 per share, slightly below the initial estimate of $14.18. Excess payments from rights holders will be returned promptly. The fund's net assets stood at about $140.3 million as of September 30, 2020.
SS&C Technologies Holdings announced the integration of its cloud-based Precision LM software by National Western Life Insurance Company for enhanced commercial loan servicing operations. This partnership aims to support bespoke loan terms and provide critical portfolio analytics. National Western Life's Mortgage Loan Manager expressed confidence in SS&C's expertise, anticipating improved reporting and overall lending experiences over the next five years. SS&C is a preferred partner for over 50% of the top 40 life insurance companies investing in commercial mortgages.
SS&C Technologies (Nasdaq: SSNC) announced the addition of ProNvest, a managed account solution, to its TRAC recordkeeping platform. This integration enhances SS&C Retirement Solutions, providing retirement plan service providers with advanced options for defined contribution plans. ProNvest's services will be accessible to all users of SS&C's platform, facilitating expansion with minimal development efforts. The partnership aims to support retirement providers in delivering tailored, scalable solutions for their clients.
SS&C Technologies (Nasdaq: SSNC) has been selected by LendInvest, a leading U.K. property finance platform, for fund administration services. The transition aims to leverage SS&C's extensive loan and credit expertise. SS&C GlobeOp will manage LendInvest’s existing open-ended fund, providing administration, accounting, and additional services such as e-Investor and corporate secretary functions. LendInvest's strategy focuses on flexibility to support diverse fund types, with aims to expand in the European real estate lending market.