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) has partnered with Wiseman Innovations, LLC, to enhance value-based analytics in healthcare. As an independent, authorized reseller of Wiseman's 360Platform, SS&C will provide health payers and providers with advanced analytics integrated into existing EHR systems. This platform helps identify care gaps and improves payer-provider alignment in value-based care programs. The collaboration aims to accelerate physician behavior change and optimize population health management using predictive tools and machine learning.
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SS&C Technologies Holdings (Nasdaq: SSNC), a leading provider of software and services for financial and healthcare sectors, announced that Bill Stone, Chairman and CEO, will present at the Morningstar Management Behind the Moat Conference on September 29, 2020, at 10:00 am ET. The presentation will be accessible via SS&C's investor relations website. Founded in 1986 and headquartered in Windsor, Connecticut, SS&C serves approximately 18,000 organizations globally.
On September 25, 2020, SS&C Technologies Holdings announced a partnership with American Fidelity Assurance Company, marking the seventh client to adopt its AI-powered Singularity platform in three months. This collaboration will enhance American Fidelity's investment accounting processes. Additionally, SS&C's Precision LM will manage the entire loan lifecycle of American Fidelity's commercial mortgage investments. This partnership highlights SS&C's growing customer base in the insurance sector and its innovative solutions that integrate AI for operational efficiency.
SS&C Technologies (Nasdaq: SSNC) announced the hiring of Mike Webb as Director of Strategic Sales and Spencer Baum as Senior Director in its Global Investor & Distribution Solutions division. Webb will lead sales initiatives in the U.K. and Europe, focusing on retirement and savings technology solutions, while Baum will manage critical client relationships. These appointments aim to enhance client service and support technology modernization efforts. Both bring extensive industry experience, reinforcing SS&C's commitment to deliver expertise to its clients.
On September 23, 2020, SS&C Technologies (Nasdaq: SSNC) announced that Itaú USA Asset Management selected its GlobeOp platform for fund administration. This partnership involves comprehensive middle- and back-office services, investor services, performance analytics, compliance assistance, and risk management for Itaú's Cayman-domiciled funds. The move aims to streamline Itaú's vendor operations, allowing for improved efficiency. Charles Ferraz, CEO of IUAM, emphasized SS&C's role in optimizing their operations. Bill Stone, CEO of SS&C, expressed commitment to supporting Itaú's growth.
SS&C Technologies (Nasdaq: SSNC) launched Client View, a new application within its Black Diamond Wealth Platform, aimed at enhancing client management for advisors. This tool serves as an interconnected command center, enabling advisors to manage clients' financial data and communications seamlessly. Key features include balance sheet collaboration, reporting, and customizable options tailored to specific firm needs. The rollout will start with selected firms by year-end. Over 1,600 advisory firms currently utilize the Black Diamond platform.
On September 22, 2020, SS&C Technologies Holdings (Nasdaq: SSNC) reported its GlobeOp Forward Redemption Indicator for September at 3.43%, an increase from 3.08% in August. This figure is lower than the 3.67% recorded a year prior, indicating a strong trend in hedge fund asset retention and high investor confidence. The indicator tracks redemption notices as a percentage of assets under administration, reinforcing positive sentiment in the hedge fund sector. Next publication is scheduled for October 21, 2020.
On September 21, 2020, RiverNorth Opportunities Fund, Inc. (NYSE: RIV) announced a rights offering for its stockholders to purchase additional shares. Stockholders of record as of October 2, 2020, will receive one transferable subscription right for each share held, with the ability to buy one new share for every three rights. The subscription price will be set at 95% of the higher of the net asset value or the market price on the expiration date, November 3, 2020. The offering will follow SEC regulations and a prospectus will be provided.