Following Citi Investor Services Deal, SS&C Marks 30th Anniversary |
Date: Wednesday, March 16, 2016
Author: News Release
Bill is available to discuss key milestones in SS&C’s development (including the latest Citi acquisition), lessons learned in his 30 years of running the company and his vision for SS&C’s future, in addition to the industry trends driving demand for the technology. Please let me know if you would be interested in arranging a time to speak with Bill. For your background, I’ve included some of the key events in SS&C’s history.
Many thanks for your time.
Haley
Key events in SS&C’s 30-year history include:
Starting up: In 1986 the founders saw that buy side investment managers were being neglected by the software industry and started a company called Securities Software & Consulting (SS&C) in Windsor, Connecticut. By 1988 the company had grown to about 40 employees. Today it employs 7,300.
A software business: In 1989 SS&C introduced CAMRA, the first client server, relational database investment accounting solution for buy-side firms. Over time the company expanded into software for front-office trading, risk management, alternative investments, banking, real estate, lending, wealth management and more. SS&C offered full, best-of-breed solutions that worked together to deliver complete front-to-back-office functionality.
Move to outsourcing & the cloud: From the mid-90s SS&C recognized the value it could provide in helping its customers concentrate on building their businesses instead of their IT infrastructure and began building one of the industry’s most respected outsourcing services.
Growth through acquisition: Since 1995, SS&C has acquired 43 businesses with products, services and technologies in existing or complementary vertical markets. The company employs a disciplined and highly focused strategy to increase the breadth and depth of its products and services, and capitalize on evolving market opportunities. You can learn more about its acquisitions here
IPOs: SS&C first went public in 1996. In November 2005, the company was acquired by entities affiliated with The Carlyle Group and was taken private. On March 31, 2010, SS&C Technologies Holdings, Inc. began trading on the NASDAQ Global Select Market under the ticker symbol "SSNC".
Fund administration and growing AUA: SS&C has made a number of significant acquisitions in the fund administration space, including the acquisition of GlobeOp for $572 million in 2012. Assets under Administration (AUA) have grown seven-fold from $95 billion at the end of 2007 to $658 billion at the end of 2015.
Expansion in investment management: SS&C’s investment management business has also grown significantly through acquisition – most recently with the acquisition of Advent Software completed in 2015.