SS&C Technologies Strengths, Domain Expertise, and Key Differentiators
SS&C has established itself as a prominent application vendor in the financial services sector through a series of acquisitions starting in 1995. Specializing in solutions for buy-side clients like investment managers and hedge funds, SS&C targets markets in North America, Asia, and Europe.
SS&C Technologies is recognized for its domain expertise and product portfolio, offering a range of solutions for front-to-back office operations in the financial services industry. The company's AI/ML features, such as those found in SS&C Blue Prism Process Intelligence 2.0, set it apart by enabling clients to streamline processes and enhance decision-making.
SS&C Technologies Recent Developments
In May 2023, SS&C Technologies has launched SS&C Blue Prism Process Intelligence 2.0, an AI-powered process and task mining solution. The new version, powered by ABBYY Timeline 6.0, accelerates process discovery and identification time by up to 80%, offering real-time process and task insights. Integration with SS&C Blue Prism Chorus BPM enables continuous process optimization and rapid scalability, helping organizations better manage and optimize processes for maximum business results.
In January 2022, SS&C has launched a new Treasury Management Platform, with Emso Asset Management Limited being one of its early adopters. Emso, with $6.8 billion in assets under management, utilizes the platform to automate treasury functions, monitor daily cash balances, and forecast cash flows across its funds and accounts, allowing for more efficient cash management and enhanced liquidity monitoring.
In January 2022, SS&C announced the launch of SS&C Algorithmics 18f-4 Analytics Service, designed to assist fund managers in complying with the new derivatives investment reporting rules set by SEC Rule 18f-4, effective August 2022. The service, a cloud-based platform, utilizes SS&C Algorithmics' risk analysis engines and reporting tools to enable firms to generate reports for compliance with the new rules, offering comprehensive calculations and analytics to assess and report derivatives risk accurately.
In March 2022, SS&C announced the launch of its GoCentral platform, aimed at optimizing SS&C's fund administration offering. The platform leverages Artificial Intelligence and Business Process Re-engineering (BPR) in an exception management-based approach to enhance front, middle, and back-office services. SS&C GoCentral is designed to streamline the NAV process and provide greater transparency to SS&C's alternative asset manager clients, offering intelligent workflow automation technology and comprehensive operations control.
SS&C Technologies Mergers and acquisitions (M&A) Activities
In October 2023, SS&C Technologies Holdings, Inc. completed the acquisition of the managed funds administration (MFA) business from Iress Limited. The acquisition adds around 150 team members to SS&C's Global Investor & Distribution Solutions, aiming to enhance services in Australia and strengthen its position in the global financial services industry.
In December 2022, SS&C acquired Complete Financial Ops, Inc. (CFO) Fund Services , a Colorado-based fund administration firm specializing in private equity funds and family offices. This acquisition further strengthened SS&C's position as a leading fund administrator, adding 25 clients and eight employees to its portfolio.
In August 2022, SS&C completed the acquisition of the sell-side Tier1 CRM business from Tier1 Financial Solutions, adding 30+ enterprise clients across the US, Canada, and the UK to its CRM solutions business.
In May 2022, SS&C acquired MineralWare, a Texas-based company specializing in cloud-based asset management platforms for managing minerals, royalties, and non-operated working interests. This acquisition added 350 institutional and high-net-worth clients to SS&C's platform, enhancing its asset accounting capabilities and expanding its presence in the energy market sector.
In March 2022, SS&C completed the acquisition of Hubwise Holdings Limited , adding 58 employees serving 51 customers in the UK to its portfolio. This acquisition was part of SS&C's strategy to target the UK-advised retail investment market and enhance its multi-asset, multi-currency, and multi-wrapper strategies.
In March 2022, SS&C Technologies completed the acquisition of Blue Prism Group Plc for approximately $1.6 billion (£1.25 billion). Blue Prism, a leading robotics process automation company, will operate as SS&C Blue Prism, enhancing SS&C's position in providing software and services to financial services and healthcare industries with a focus on intelligent automation and robotic process automation.
SS&C Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SS&C Technologies applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of SS&C Technologies and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified SS&C Cloud Solutions, Blue Prism, customers.
SS&C Technologies Overview
Ownership: - Nasdaq : SSNC
Number of Employees: 26600
Functional Market: Benefits Administration, Pension Administration, Compliance,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, Federal Government, State and Local Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
SS&C Technologies Key Cloud and HCM Applications
SS&C Cloud Solutions, Blue Prism,
SS&C Technologies HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
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| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
SS&C Technologies Revenue Breakdown by Type:
SS&C Technologies HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
SS&C Technologies HCM Applications Revenues By Verticals, $M:
SS&C Technologies Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
SS&C Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
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| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
SS&C Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SS&C Technologies Customers
No. of SS&C Technologies Customers: 20000
No. of SS&C Technologies HCM Applications Customers: x
No. of SS&C Technologies Cloud HCM Customers: x
No. of SS&C Technologies Cloud HCM Subscribers: x
SS&C Technologies boasts a substantial client base, with over 20,000 clients globally in the financial services industry. These clients span various sectors, including multinational banks, hedge funds, institutional asset managers, insurance companies, and pension funds, highlighting the company's widespread market presence.
SS&C Technologies Market Opportunities, M&A and Geo Expansions
SS&C's global presence with over 100 offices in 35 countries positions it well to capitalize on market opportunities on both horizontal and vertical levels. The company's expansion into new regions allows it to tap into emerging markets and diversify its client base.
SS&C's ESG reporting solutions platform, launched in September 2021, is a prime example of how the company is leveraging technology to address market demands and regulatory requirements. With the increasing focus on sustainability and responsible investing, SS&C's ESG platform offers asset managers the tools they need to monitor and report on ESG exposure in their portfolios, supporting compliance with regulations such as the EU Sustainable Finance Disclosure Regulation (SFDR).
SS&C Technologies Risks and Challenges
One of the key risks for SS&C is its vulnerability to changes in the state of the general economy and financial markets. The company's fortunes are closely tied to the performance of these sectors, and any downturn or uncertainty could lead to reduced demand for its products and services.
Additionally, SS&C's lack of control over certain businesses in which it has significant ownership stakes poses a risk. This lack of control could limit the company's ability to influence strategic decisions or address potential issues that may arise within these businesses.
Another risk factor for SS&C is its joint venture investments, which are subject to buy-sell agreements. These agreements could restrict the company from selling its interests, even if it deems it prudent to do so. This limitation could impact SS&C's ability to manage its portfolio and divest from underperforming or non-strategic assets.
SS&C Technologies Ecosystem, Partners, Resellers and SI
SS&C's ecosystem partnerships, such as its partnership with Sustainalytics for ESG reporting and its partnership with Regnology for regulatory reporting, enhance its offerings and create network effects that benefit both SS&C and its clients. By integrating its solutions with best-in-class technologies, SS&C is able to offer clients a comprehensive suite of tools that address their most pressing needs. Additionally, SS&C's partnerships with asset managers, superannuation funds, and wealth management companies demonstrate its commitment to building a strong ecosystem of partners that can help drive its growth and market presence.
In conclusion, SS&C Technologies is well-positioned to capitalize on the numerous opportunities in the financial services technology sector. By expanding globally, embracing innovative technologies, and building a strong ecosystem of partners, SS&C is poised for continued growth and success in the years to come.
SS&C Technologies Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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