SS&C Technologies, Inc., a global provider of financial services software and outsourcing solutions, announced today the acquisition of the assets of Zoologic, Inc., a leading provider of sophisticated, web-based financial services education and training courseware solutions for approximately $2.5 million in cash.
Zoologic, headquartered in New York, provides web-based courseware for the securities, asset management and wealth management markets. Zoologic provides learning services to financial professionals at over 80 leading firms in North America, Europe and around the world.
"As a company, we provide high performance, scalable and comprehensive financial software and services. These offerings increasingly require educational tools and services," says Bill Stone, chief executive officer of SS&C Technologies. "As we integrate Zoologic, we provide additional value to our clients through world class training and education in a rich environment. Our clients' personnel as well as SS&C's own staff can access the curriculum, course materials and tests anywhere in the world. Powerful, flexible and comprehensive are three hallmarks of SS&C's offerings and Zoologic is a highly complementary addition."
Zoologic offers a vast library of scalable, fully interactive courses and simulations for the financial services market. The offering is developed to deliver an optimal learning experience to financial professionals and includes over 540 hours of electronic content including accounting, compliance, insurance, derivatives, portfolio management, trust, risk management and more. The majority of the courseware content has been provided or vetted by subject matter experts from global financial service providers.
"During the due diligence process, I spoke to a number of Zoologic clients and am delighted to report a very satisfied client base," says Richard Shalowitz, senior vice president of SS&C Technologies in New York, "Both the curriculum and the learning experience were cited as strengths and differentiators of Zoologic's performance support solutions."