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SS&C Technologies Unveils Innovative Solutions at Deliver 2024
Prnewswire· 2024-10-07 13:00
Premier technology conference draws 1,000 leaders across financial and healthcare services WINDSOR, Conn., Oct. 7, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today unveiled its latest technology and services solutions during the SS&C Deliver 2024 Conference. Nearly 1,000 leaders across various industries gathered in New Orleans for a deep dive into SS&C's offerings in alternatives, asset management, healthcare, managed services, and more. "SS&C's top priority is simplifying our cus ...
SS&C to Release Third Quarter 2024 Earnings
Prnewswire· 2024-10-04 13:00
WINDSOR, Conn., Oct. 4, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services and healthcare software and software-enabled services, will announce its financial results for the third quarter ended September 30, 2024 after the close of the market on Thursday, October 24, 2024. The earnings conference call, scheduled for Thursday, October 24, 2024 at 5:00 p.m. Eastern Time, will discuss third quarter 2024 results. Details of the release are as follows: N ...
SS&C Bolsters Alternatives Data Aggregation for Wealth Managers
Prnewswire· 2024-10-01 13:00
Core Insights - SS&C Technologies Holdings, Inc. has launched SS&C Accord, an AI-enabled service designed to assist wealth managers in aggregating and validating alternative investment data [1][5] - The service aims to address the challenges wealth managers face in collecting and integrating alternative investment data, which is often inconsistent and costly to manage [5] Group 1: SS&C Accord Overview - SS&C Accord is powered by proprietary technology and leverages SS&C's expertise in wealth management and alternative investment fund administration [1] - The service provides a single source of clean alternatives data, enabling wealth managers to offer clients a comprehensive view of their traditional and private investments [2][5] - It is managed by a dedicated account team that combines intelligent automation with human expertise for data monitoring, retrieval, and processing [3] Group 2: Benefits for Wealth Managers - Wealth managers, Registered Investment Advisors, pension funds, endowments, and family offices can access alternative investment data through a comprehensive control panel integrated within the SS&C ecosystem [4] - By outsourcing alternatives data aggregation to SS&C, wealth managers can eliminate the need for multiple systems, scale their alternatives business, and focus on delivering results [5] - SS&C has over 35 years of experience in alternatives fund administration, enhancing its capability to provide timely analytics for data-driven portfolio decisions [5]
SS&C Technologies Completes Acquisition of Battea-Class Action Services
Prnewswire· 2024-09-30 13:00
WINDSOR, Conn., Sept. 30, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has completed its acquisition of Battea-Class Action Services, LLC, a market-leading provider of securities class action claims and settlement recovery services. The purchase price is approximately $670 million, subject to certain adjustments. SS&C funded the purchase with a combination of debt and cash. SS&C expects the transaction to be accretive over the next 12 months. More than 100 Battea e ...
SS&C GlobeOp Forward Redemption Indicator
Prnewswire· 2024-09-23 13:00
"SS&C GlobeOp's Forward Redemption Indicator for September 2024 was 2.72%. The percentage was slightly higher than the 2.71% reported for the same period a year ago, but consistent with longer-term monthly averages and seasonal patterns," said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "Mixed economic signals, coupled with the recent large rate cut, are potential catalysts for increased market volatility." The SS&C GlobeOp Forward Redemption Indicator represents the sum of forwar ...
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
Prnewswire· 2024-09-13 20:30
SS&C GlobeOp Hedge Fund Performance Index: August performance 0.75% Capital Movement Index: September net flows advance 0.39% Base 100 points on 31 December 2005 Flash estimate (current month) 0.75%* Year-to-date (YTD) 5.94%* Last 12 month (LTM) 9.14%* Life to date (LTD) 270.50%* *All numbers reported above are gross Base 100 points on 31 December 2005 All time high 150.77 in September 2013 All time low 99.67 in January 2006 12-month high 127.90 in November 2023 WINDSOR, Conn., Sept. 13, 2024 /PRNewswire/ - ...
SS&C Technologies to Acquire Battea-Class Action Services, Expanding Securities Class Action Claims Management Offerings
Prnewswire· 2024-09-12 13:00
Group 1 - SS&C Technologies Holdings, Inc. announced a definitive agreement to acquire Battea-Class Action Services, LLC for approximately $670 million, with the acquisition expected to close this year [1][2] - Battea-Class Action Services is a market leader in securities class action claims management, serving over 900 banks, asset managers, hedge funds, and proprietary trading firms [1][4] - The acquisition will enhance SS&C's capabilities in financial recovery services, including litigation research, data collection, claims filing, and award processing [2][3] Group 2 - The Battea Claims Engine™ monitors 700-800 cases in litigation and 340 settlements in payout, with a research library containing over 8,000 historical cases for back testing [2] - SS&C's Chairman and CEO expressed confidence that the acquisition will empower clients by combining SS&C's trade data aggregation capabilities with Battea's expertise [3] - Battea has been a global leader in settlement claims processing for over 20 years, helping clients navigate complex litigation settlement processes [4]
SS&C ALPS ADVISORS TO CLOSE AN EXCHANGE-TRADED FUND
Prnewswire· 2024-09-10 20:30
DENVER, Sept. 10, 2024 /PRNewswire/ -- SS&C ALPS Advisors, a wholly-owned subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that the ALPS Global Travel Beneficiaries ETF (NYSE ARCA: JRNY) (the "Fund") will close to new investors on October 16, 2024 and liquidate on October 18, 2024. The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees upon the recommendation of ALPS Advisors, Inc., the investment adviser to the Fund. Following consideration of the Fu ...
SS&C to Host 2024 Analyst Day
Prnewswire· 2024-09-04 20:05
WINDSOR, Conn., Sept. 4, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services and healthcare software and software-enabled services, will host an Analyst Day event on Wednesday afternoon, September 18, 2024 at the Nasdaq MarketSite in New York. This event is designed to provide insight into SS&C's strategic outlook, including business unit and technology updates, and a financial overview. This invite-only event will feature presentations from Bill Sto ...
Private Markets Due Diligence Places Outsized Demands on Dealmakers
Prnewswire· 2024-08-15 13:00
Due diligence length and complexity doubles for private targets vs. public ones. Post this Key findings from the report include: The average due diligence period, from VDR opening to the public announcement of a deal, takes 234 days for a private target versus 125 days for a public one. In the last decade, the pre-announcement due diligence period has stretched to 203 days from 124 days in 2014. On average, private targets upload 7,583 files to a VDR versus 4,896 documents for a public deal. For medium-size ...