SS&C has more than 650 customers using the acquired solutions
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today celebrates the 10th anniversary of its acquisition of Financial Models Company. The deal saw Global Wealth Platform (GWP), Pacer, Sylvan, Pages, Recon, SSCNet and SVC integrated into the SS&C offering, transforming front-, middle- and back-office services for institutional and private wealth managers globally. Since the acquisition of these solutions in April 2005, SS&C has leveraged its comprehensive technology portfolio and expertise to automate the investment management lifecycle and spur the adoption of these solutions.
"Over these past ten years, these solutions have proven to be a pivotal acquisition. I believe we have raised revenues 50 percent and significantly increased operating margin. We've demonstrated our ability to integrate quickly, delivering a comprehensive front- to back- office, straight-through-processing solution," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The opportunities created by combining Financial Models with SS&C have benefitted our entire customer and employee base."
"The acquired solutions continue to be highly complementary to SS&C's core offerings and customers have benefited from SS&C's strong cloud and service expertise," said Eric Rocks, Vice President and Managing Director, SS&C Canada. "Additionally, our employees have enjoyed increased wealth, career opportunities and being part of a large, customer-focused, competitive company."