SS&C Technologies Holdings Stock

SS&C Technologies Holdings, Inc. (SS&C) is the world’s largest hedge fund and private equity administrator, as well as the largest mutual fund transfer agent. SS&C’s unique business model combines end-to-end expertise across financial services operations with software and solutions to service even the most demanding customers in the financial services and healthcare industries. SS&C owns and operates the full technology stack across securities accounting, front-to-back-office operations, performance and risk analytics, regulatory reporting and healthcare information processes.

SS&C’s trusted and proven technology delivers an unparalleled level of scalable capabilities for the most complex portfolios, the most sophisticated strategies, and the highest volumes of transactions. Through a series of carefully selected acquisitions and organic growth, the breadth and depth of SS&C’s expertise in financial services and healthcare technology are unmatched.

With over 20,000 clients spanning the health and financial services industries, the company’s customers’ needs and requirements are always at the forefront of its strategy. The company provides the global financial services industry with a broad range of software-enabled services, which consist of software-enabled outsourcing services and subscription-based on-demand cloud solutions that are managed and hosted at its facilities, and specialized software products, which are deployed at its clients’ facilities. The company’s software-enabled services, which combine the strengths of its proprietary software with its domain expertise, enable its clients to contract with it to provide many of their mission-critical and complex business processes. For example, the company utilizes its software to deliver comprehensive fund administration services to alternative and traditional asset managers, including fund manager services, transfer agency services, funds-of-funds services, tax processing and accounting. The company offers clients the flexibility to choose from multiple software delivery options, including on premise applications and hosted, multi-tenant or dedicated applications. Additionally, the company provides clients with targeted, blended solutions based on a combination of software and software-enabled services.

The company also serves the healthcare industry through its SS&C Health services and technology-enabled business. The core purpose of the company’s health business is to enable its clients to provide better healthcare by efficiently operationalizing and effectively scaling their care strategies through improved quality, cost, experience and outcomes to their members.

The company generates revenues primarily through its high-value software-enabled services. The company’s software-enabled services are generally provided under contracts with initial terms of one to five years that require monthly or quarterly payments and are subject to automatic annual renewal at the end of the initial term unless terminated by either party. The company also generates revenues by licensing its software to clients through either perpetual or term licenses and by selling maintenance services.

Business Strategies

The company’s strategy is to deliver compelling solutions and value propositions to its customers in the financial services and healthcare industries. The key elements to the company’s strategy are to build upon and extend its leadership position in software and software-enabled services in the financial services industry; and strengthen its international presence.

Acquisitions

In March 2022, the company acquired Blue Prism Group Plc and Hubwise Holdings Limited.

Products and Services

The company’s products and services allow professionals in the financial services and healthcare industries to automate complex business processes and are instrumental in helping its clients manage significant information processing requirements. The company’s solutions enable its clients to focus on core operations, better monitor and manage business performance and risk. The company’s portfolio of products and software-enabled services allows its financial services clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting. The company’s healthcare solutions include claims adjudication, benefit management, care management and business intelligence solutions.

Software-enabled Services

SS&C GlobeOp – Named Best Administrator for hedge funds and private equity by Hedgeweek and Global Custodian in 2022, SS&C GlobeOp serves a worldwide clientele of hedge funds, private equity funds, funds of funds, real asset funds, managed accounts, family office and undertakings for collective investments in transferable securities (UCITS). SS&C provides a full suite of comprehensive capabilities, including but not limited to global regulatory compliance reporting, tax reporting, risk reporting, net asset value (NAV) calculations, valuation services, daily reconciliation of cash and security balances, full investor and transfer agency services and automated support of post-trade activities. In addition, under SS&C GlobeOp, SS&C Direct provides similar middle- and back-office outsourcing services and application hosting to institutional asset managers, insurance companies and real estate investment trusts.

Global Investor and Distribution Solutions (GIDS)– Utilizing proprietary software applications, GIDS delivers global transfer agency and investor servicing powered by a single global servicing platform. The platform provides investors, advisers, and asset managers’ unique data-driven operational insights, real-time transparent oversight, intelligent automation and state-of-the-art digital tools. Investor servicing is offered in many different countries, including the U.S., Canada, U.K., Ireland, Luxembourg, Australia, Hong Kong and Singapore. SS&C also services mutual fund structures in many other fund domiciles. In addition, GIDS leverages SS&C’s global regulatory expertise to provide a consistent global approach to regulatory compliance, enabling providers to lower risk and improve client service. Services include anti-money laundering and fraud detection, blue sky administration and reporting, event center services, reconciliation, remittance, registered fund services and trade monitoring/surveillance.

Bluedoor – SS&C’s Bluedoor is an integrated registry system for wealth managers and fund platforms in the U.K. and Australia, delivering real-time automation and high levels of straight-through-processing, allowing these financial institutions to improve service efficiency and reduce expenditure and technology debt. Integrated with intelligent business process management functionality and digital applications, Bluedoor helps the company’s clients engage with customers in a meaningful way and provides a flexible approach to deploying new products.

SS&C Retirement Solutions – SS&C’s retirement solutions business provides technology, administration, and record-keeping processes on TRAC’s end-to-end digital platform. SS&C supports organizations that represent more than 12 million participants and approximately 400,000 plan sponsors. The company’s digital retirement solutions help financial services providers drive more efficient processes, move critical yet cumbersome procedures online, and implement a flexible platform for growth. Services include outsourced recordkeeping and call center operations, SaaS recordkeeping, rollover and income portability, retirement intelligence, advisor practice management, personalized education and financial wellness. The UK and Australian markets include pensions and actuarial services, superannuation and transfer value analysis.

Black Diamond Wealth Platform – Black Diamond offers independent advisors, wealth managers, independent broker-dealers (IBDs) and aggregators an innovative and dynamic portfolio management and reporting solution delivered through an easy-to-use, feature-rich web-based application. As a cloud-based product offering, advisors can access Black Diamond's customizable portfolio management and reporting online from anywhere, anytime without the need to maintain costly technology infrastructures. Black Diamond also provides outsourced daily reconciliation and data management services so firms can focus their efforts on servicing clients and growing their business rather than managing complex back-office functions.

CRM Solutions - SS&C offers multiple Customer Relationship Manager (CRM) capabilities that store end client data and seamlessly integrate with the company’s other offerings. The company’s CRM capabilities create efficient workflows for typical business processes and enhance processes for sales, service and analytics. SS&C’s Salentica CRM is purpose-built for asset and wealth managers and built on top of the leading CRM platforms at Salesforce and Microsoft. SS&C’s Tier1 supplies CRM capabilities to sell-side financial services firms, including research, trading, and sales teams within capital markets groups, and provides a deal management CRM experience to investment banks.

Advent Managed Services – Advent Managed Services provides a full spectrum of tailored options to the company’s clients’ specific needs, from cloud-delivered technology to co-sourcing specific workflows to full outsourcing of operational processes including data management services such as full account aggregation, daily portfolio reconciliation, corporate actions processing and reference data management. Advent OnDemand is the pre-configured SaaS delivery of one of Advent's asset management solutions hosted by Advent without managed outsourced operational processes.

Advent Data Solutions – Advent Data Solutions consists of various data offerings provided to clients in an automated manner and format.

Advent Custodial Data provides account-level information from a firm’s custodian(s) through a single, secure connection to a data network managed by Advent. Using Advent Custodial Data, firms can reconcile positions, transactions and cash activity on an exceptions-only basis, or firms can post data directly into their portfolio accounting system.

Advent Corporate Actions delivers reports on all corporate actions affecting clients’ portfolios and provides staff with reliable transaction instructions.

Advent Portfolio Data extends the delivery of account-level data for reconciliation and other workflows from global custodians and counterparties.

Advent Market Data is a single, cloud-based platform with connectivity to several leading global market data sources, allowing clients to acquire critical data for managing portfolios.

ALPS Advisors – ALPS Advisors is a comprehensive suite of asset servicing, distribution solutions and asset management for open-end mutual funds, closed-end funds, exchange-traded funds and alternative investment funds. Focusing on the needs of small- to medium-sized funds that require a broad set of customizable services, the company provides compliance, creative services, medallion distribution, fund administration, fund accounting, legal, tax administration, transfer agency and asset management services. The company’s distribution services range from consulting to active wholesaling and marketing, including closed-end funds initial public offering launch platform services. The company also offers products designed to assist clients in meeting the expanding needs associated with distributing U.S. investment products through financial intermediaries. The company serves as the asset manager to proprietary open-end mutual funds, closed-end funds and exchange-traded funds through active management and the utilization of sub-advisors and index providers. Additionally, the company offers data analytics and consulting services in the U.S. to help its clients gain actionable insights into the needs and preferences of their customers.

Virtual Data Rooms (Intralinks) – Intralinks Virtual Data Rooms (VDRs), are designed for mergers and acquisitions (M&A), alternative investments and capital markets communities. The Intralinks VDR is a rich SaaS application providing a secure, customizable environment for deal makers to exchange sensitive documents and information. Within M&A, the VDR is primarily used for sharing content during due diligence. For alternative investments, VDRs are used to facilitate fundraising and fund reporting. Customers working in debt capital markets use VDRs for managing the lifecycle of financing deals.

Healthcare Services

Pharmacy Solutions – The company uses its proprietary software applications to provide pharmacy health management solutions supporting commercial, Medicaid and Medicare Part D plans. These services include pharmacy claims administration, pharmacy network solutions, government programs administration, formulary and rebate management, trend control and quality compliance programs, member services and discount drug card programs.

DomaniRx – Domani Rx, LLC, the company’s joint venture with Humana and Elevance Health, to create a new cloud-native, API-driven claims adjudication platform. The goal of the venture is to arm healthcare organizations with end-to-end transparency and data analytics to help them keep up with an ever-changing regulatory environment. DomaniRx’s claims adjudication platform will leverage SS&C’s technology capabilities and reside on SS&C’s private cloud.

Healthcare Administration – The company uses its proprietary software applications to provide medical claim administration services and health plan compliance and revenue integrity services for payers and providers in the domestic healthcare industry. Healthcare administration services are offered on a software license, remote and business process outsourcing (BPO) basis. Combined with the company’s health outcomes optimization solutions, its solutions are offered as stand-alone component solutions to complement health plans, existing operations or systems, or as an integrated core administration package.

Health Outcomes Optimization – The company provides solutions to optimize healthcare through its integrated care management and population health analytics applications and professional services for health plans and providers in the domestic healthcare industry. The company’s integrated care management solution is a real-time, intuitive, workflow-driven solution suite that assists clients to improve member outcomes and manage costs. In addition to its proprietary systems, the company is the exclusive distributor of the Johns Hopkins ACG System (Adjusted Clinical Groups) to health plans in the United States. Developed by Johns Hopkins University, the ACG System is a population health analytics software utilizing predictive models to identify at-risk populations and stratify them into the optimal care management program. By combining a population-level perspective with patient-level behaviors and conditions, health plans can better target case management and disease management objectives.

Software License, Maintenance and Related

Portfolio/Investment Accounting and Analytics Software – The company provides comprehensive, integrated software solutions that help its clients streamline operations and accelerate global accounting processes. The company’s portfolio accounting solutions provide seamless front-to-back office integration, with the flexibility to meet the unique accounting needs of its customers and virtually unlimited scalability to accommodate growth. The company’s fund accounting solutions meet the challenges of high-volume, global fund managers with support for complex, multi-asset class and multi-currency strategies. The company also has solutions catered to insurance accounting and commercial, consumer and residential loan accounting.

Geneva – Geneva is a global portfolio management platform designed to meet the real-time needs of global asset managers, hedge funds, prime brokers, fund administrators, private equity firms and family offices worldwide. Geneva integrates all phases of the investment management process – portfolio management, reconciliation, light trade capture and risk capabilities. In addition, its main memory database offers more accurate and flexible reporting and eliminates batch processing and time-consuming error corrections.

Advent Portfolio Exchange – Advent Portfolio Exchange (APX) is a comprehensive portfolio management solution for asset managers and wealth managers worldwide, which integrates the front-office functions of prospecting, marketing, CRM and internal business management with the back-office operations of portfolio accounting, performance measurement and reporting. It allows firms to manage high-net-worth and institutional clients through a comprehensive range of capabilities, including customized reporting, automated report packaging and performance analytics. APX can be deployed locally, as well as hosted in the cloud.

Axys – Axys is a turnkey portfolio management and reporting system for small to mid-size investment management organizations. Axys provides investment professionals with broad portfolio accounting functionality on various investment instruments, including equities, fixed income, mutual funds and cash. By using Axys, clients have a timely decision support tool with immediate access to portfolio holdings, asset allocation, realized and unrealized gains and losses, actual and projected income and other data including performance measurement and flexible reporting.

SS&C Singularity – The company’s first intelligent investment operations, accounting and analytics system – a cloud-based solution designed to support the operating model of financial institutions. Singularity uses artificial intelligence, machine learning, robotic process automation, intelligent workflow optimization and advanced predictive analytics to drive significant cost savings and continuous operational improvements for its clients.

Global Wealth Platform (GWP) – GWP is the company’s comprehensive, cloud-based solution that enables wealth managers to manage the entire investment process on a single platform, leveraging a single database. GWP bridges the front-, middle-, and back-offices and ensures data consistency across all phases of the investment process. This solution simplifies the management of complex investment strategies with the support of all asset classes and multi-currency capabilities in one system. In addition, automation and integration eliminate offline workarounds and manual processes.

Aloha – Aloha is an all-new investment operations platform that provides extensive asset class and functional support across the front-, middle-, and back-office. Built natively for the cloud with advanced technology, Aloha features an innovative user experience, actionable monitors, notifications and alerts infused with AI. Smart, innovative technologies matched with deep functionality streamlines clients businesses and provides users with critical business intelligence via machine learning, workflow engine and KPI and system health monitoring.

HiPortfolio – HiPortfolio is an investment accounting and asset servicing solution for third-party administrators, asset managers, and insurance firms in over 35 countries. With broad instrument coverage and multi-currency capabilities, HiPortfolio allows the company’s clients to manage the full transaction lifecycle, from trade capture, investment accounting and fund administration, through cash management, reconciliation, corporate actions processing, unit pricing and taxation, to performance measurement and attribution.

PORTIA – PORTIA is a comprehensive, middle-to-back office investment operations platform encompassing portfolio accounting, fund accounting, performance measurement and attribution, reconciliation and client reporting for global assets. Firms of all types worldwide rely on PORTIA to track day-to-day portfolio activity, with visibility across all transactions and positions. Its modular design and open architecture allow for high customization and easy integration with other systems. PORTIA can be installed on-premise, hosted in the cloud or fully outsourced to reduce clients IT footprint and overhead with flexible deployment operations.

CAMRA – CAMRA is a portfolio accounting solution tailored to the needs of insurance investment operations. Its multi-currency, multi-instrument portfolio accounting supports complex securities, sophisticated investment strategies, multi-currency investment management, multiple-bases accounting, and global tax and regulatory processing requirements, such as generally accepted accounting principles and Schedule D.

InnoTrust – InnoTrust supports the accounting and reporting needs of trust companies, banks, private banks, retirement plan administrators, and others that need to control, account for and report on assets held in trust, wealth and retirement accounts. InnoTrust is web services/API enabled and provides a full suite of portfolio management tools including rebalancing, trade blotters, trade order management and integrated performance reporting.

Genesis – Genesis facilitates order creation workflows, flexible modeling and intuitive views that allows the company’s clients' portfolios to be viewed from a front-end dashboard that easily surfaces exceptions around critical issues like drift and cash activity. The company’s customizable tools also help to identify trends, analyze results and determine the best courses of action with just a few clicks.

Portfolio Management Software

Eze Eclipse – Eze Eclipse is a cloud-native front-to-back investment management platform, designed to streamline trading operations, optimize efficiency and minimize the total cost of ownership for investment managers. Eze Eclipse allows the company’s clients to trade efficiently with optimized order routing, pre-defined allocation schemes, on-the-fly allocation tools and critical data summaries effortlessly reconcile positions, cash and transactions to third parties.

Performance and Performance Attribution (Sylvan, Insight) – SS&C’s performance measurement, attribution and composite management platforms streamline the calculation and reporting of performance while enabling the company’s clients to analyze the sources of return. It supports multiple attribution methodologies, customized benchmarking and composite management. The company provides full support for industry-mandated Global Investment Performance Standards (GIPS) performance reporting standards.

Reporting (Vision FI) – SS&C Vision FI (Financial Insights) is a comprehensive, end-to-end solution for designing, producing and distributing client communications. It enables financial organizations to create high-quality reports in a matter of minutes. In addition, the system enables its customers to deliver information to clients through their preferred channels, whether print, email or online through a customizable portal.

Reconciliation (Recon, Verify) – SS&C’s Verify is a highly scalable reconciliation and exception management system that gives the company’s customers more control over the accounting lifecycle, including account, cash and position reconciliations. With data translation, rules-based matching and superior investigative tools, the company’s Recon and Verify solutions streamlines operational efficiency delivering full visibility into cash, holdings, transactions, trial balances and security masters.

Trading Software

Order Management (Moxy, Eze OMS) – SS&C’s trade order management systems provide centralized platforms for making and managing trade order decisions quickly and confidently. The platforms have built-in connectivity between asset managers and multiple brokers, counterparties, custodians and trading venues, giving the company’s clients control and visibility across the entire trading process, from asset allocation to settlement.

Execution Management (Eze EMS) – SS&C’s multi-broker execution management system is a high-speed cloud-based platform that provides traders with centralized access to aggregated liquidity for trade execution, critical trading data and insight for making fast and informed decisions, and the tools necessary to dynamically manage positions, portfolios and trading risk across global equity, futures and options markets.

Automation Solutions

Blue Prism – Blue Prism's Intelligent Automation Platform (IAP) combines the power of AI and machine learning to deliver digital workers that take away the mundane tasks human workers are overloaded with, empowering them to focus on the profit-driving initiatives only people can do. SS&C Blue Prism customers gain instant access to an already AI-equipped digital workforce, along with the capabilities needed to build, delegate, and control automations. Blue Prism's IAP provides everything its clients need to serve their customers in today's demanding world with a secure, stable and compliant environment that propels digital transformation. The SS&C Blue Prism team supports this process through automation specialists, pre-built automations, training and certification, and the company’s customer support.

SS&C Chorus – Chorus is the company’s digital process automation product suite, encompassing intelligent automation, business process management, content management, case management, outbound communications and a low code development platform. Chorus is deployed globally in many industries, including asset management, life insurance, variable annuities, healthcare, property and casualty insurance, banking and wealth management. The value proposition combines the core software with the company’s global professional services organization and secure private cloud application hosting.

Banking and Lending Solutions

EVOLV – EVOLV is a comprehensive, cloud-based, end-to-end accounting solution for financial institutions that integrates and automates all risk and finance processes relating to a loan portfolio, from data capture to back-end reporting and analytics. It streamlines loan accounting, increases efficiency, assures data integrity and strengthens compliance.

Precision LM – Precision LM is a single database application that provides comprehensive commercial loan management from initial request to final disposition. Precision LM manages all aspects of the company’s clients’ loan process, including pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting.

Research, Analytics, Risk and Training

Algorithmics – Algorithmics’ cloud-based solutions deliver risk analytics to address the impact of business and regulatory changes. The solutions, including counterparty credit risk, financial risk APIs, risk for insurance and work space analyzer, along with others, address market, credit and liquidity risk and capital management.

Tamale RMS – Tamale RMS is a purpose-built research management solution, enabling investment analysts and portfolio managers to organize an escalating volume of research data and apply it more effectively in due diligence. It is a centralized repository for capturing, managing and sharing every piece of research received or created.

Research, Analytics and Consulting – SS&C’s Research, Analytics and Consulting (RAC) group helps leading companies in the financial services industry manage data, gain insight and ignite change in their business.

Learning Institute – The SS&C Learning Institute is an education, training and research organization dedicated to enriching investment management professionals and those seeking careers in financial services. The company’s digital library, instructor-led classes and blended programs are used by many of the world’s leading wealth management firms, investment banks, insurance companies, hedge funds, commercial banks and other asset management companies. In addition, the SS&C Learning Institute offers customized learning paths to enhance the business and finance programs of colleges and universities.

Professional Services

The company offers a range of professional services to assist clients. Professional services consist of consulting and implementation services, including the initial installation of systems, conversion of historical data and ongoing training and support. In addition, the company’s in-house consulting teams work closely with the client to ensure the smooth transition and operation of its systems. The company’s consulting teams have a broad range of experience in the financial services industry. They include certified public accountants, chartered financial analysts, mathematicians and IT professionals from the asset management, real estate, investment, insurance, hedge fund, municipal finance, banking and healthcare industries. The company’s commitment to professional services facilitates the adoption of its software products across its target markets.

Product Support

The company provides larger clients with a dedicated client support team whose primary responsibility is to answer questions and provides solutions to address ongoing needs. The company distributes content-rich, periodic blogs and thought leadership targeted at clients and prospects in each of its vertical and geographic markets. The company supplements its service and support activities with comprehensive training. The company periodically makes maintenance releases of licensed software available to its clients, as well as regulatory updates (generally during the fourth quarter, on a when and if available basis), to meet industry reporting obligations and other processing requirements.

Clients

The company’s global financial services and healthcare clients require a full range of information management and analysis on a timely and flexible basis. The company’s financial services clients include multinational banks, retail banks and credit unions, hedge funds, private equity funds, funds of funds and family offices, institutional and retail asset managers, insurance companies and pension funds, municipal finance groups, brokers/dealers, financial exchanges, commercial lenders, real estate lenders and property managers. The company’s healthcare clients include health insurance companies, health plans and benefits administrators. The company’s clients include many of the largest and most well-recognized financial services and healthcare firms.

Sales and Marketing

The company has a direct sales organization is essential in successfully implementing its business strategy, given the complexity and importance of the operations and information managed by its products, the extensive regulatory and reporting requirements of each industry, and the unique dynamics of each vertical market. The company’s dedicated direct sales and support personnel are located in various sales offices worldwide and routinely undergo product and sales training. The company also uses telemarketing to support sales of its real estate property management products and work through alliance partners that sell its software-enabled services to their correspondent banking clients.

Product Development and Engineering

For the year ended December 31, 2022, the company’s research and development expenses included $447.3 million.

Competition

Hedge Funds and Private Markets: In hedge funds and private markets, the company competes with multiple vendors that may be categorized into two groups - the first consists of independent specialized administration providers, which are generally smaller than it, and the second includes prime brokerage and other financial services firms offering fund administration services. Major competitors in this market include large custodian banks, such as State Street, BNY Mellon, Northern Trust and CITCO Group.

In the field of hedge fund and private market investor portal technology, the company competes with point solutions providers, as well as full-suite providers of alternative investments software solutions, such as eFront, a Blackrock Company, and Allvue Systems. Key competitive factors in this market include platform functionality, interoperability with clients’ existing systems, levels of customer support, and reach within the alternative investments community.

Asset Management: In its asset management market, the company competes with a variety of other vendors depending on client characteristics, such as size, type, location, computing environment and functionality requirements. Competitors in this market range from larger providers of integrated portfolio management systems and outsourcing services, such as BNY Mellon Financial and State Street, to smaller providers of specialized applications and technologies, such as SimCorp and Empower.

Healthcare: The company competes with other third-party vendors, such as Evernorth Express Scripts/Cigna, CVS Caremark, UnitedHealth/OptumRx and companies that perform their services in-house with licensed or internally developed systems and processes.

Insurance: In its insurance market, the company competes with a variety of vendors depending on client characteristics such as size, type, location, computing environment and functionality requirements. Competitors in this market range from large providers of investment operations, accounting and analytics systems, such as State Street (Princeton Financial Systems), Clearwater Analytics and FIS, to smaller providers of specialized applications and services.

Wealth Management: The company’s competitors include Envestnet, Orion, Addepar, SEI’s wealth management platform and custodians, such as Charles Schwab, Fidelity and Raymond James.

Banking: In its banking market, there are multiple software and services vendors that are either smaller providers of specialized applications and technologies or larger providers of enterprise systems, such as FIS and Misys.

Retirement: In its retirement solutions market, the company competes with a variety of vendors and service providers depending on client characteristics, such as size, type and functional requirements. Competitors in this market range from large firms whose principal businesses include providing recordkeeping services, such as Empower, Fidelity and Vanguard, to providers of specialized applications and technologies, such as FIS. The company also competes with outsource providers like Infosys, TCS and Wipro.

Commercial Lending: In its commercial lending market, the company competes with a variety of other vendors depending on client characteristics, such as size, type, location and functional requirements. Competitors in this market range from large competitors whose principal businesses are not in the loan management business, such as PNC Financial Services (Midland Loan Services) and McCracken Financial Solutions Corporation, to smaller providers of specialized applications and technologies.

Virtual Data Rooms: In its VDRs market, the company competes for deals involving VDRs that facilitate strategic financial transactions and secure document exchange use cases. For mergers and acquisitions use cases, the company’s principal direct competitors include global services and technology vendors, such as Datasite and Donnelly Financial Solutions. For debt capital and secure collaboration use cases, the company faces competition from software solutions vendors, such as IHS Markit and FIS and indirect competition from general-purpose file-sharing solutions, such as Box and Dropbox.

Robotic Process Automation: In its RPA market, the company competes with other technology vendors, such as UI Path and Automation Anywhere, professional service organizations that develop their own products or create custom software in conjunction with rendering RPA services, as well as clients' internal information systems departments.

Research and Development

For the year ended December 31, 2022, the company’s research and development expenses were $447.3 million.

Trademarks

The company’s registered trademarks and/or service marks in the U.S. and/or in other countries include ADVENT, ADVENT CORPORATE ACTIONS, ADVENT CUSTODIAL DATA, ADVENT GENESIS, ADVENT ONDEMAND, ADVENT PORTFOLIO EXCHANGE, ALGO, ALGO ONE, ALGORITHMICS, ADVENT REVENUE CENTER, ADVISORWARE, ALL-STAR FUNDS, ALPS, AWD, AXYS, BENEFIX, BLACK DIAMOND, BLUE PRISM, DBC, DST, DST SYSTEMS, ECLIPSE, EZE, EZE CASTLE, EZE ECLIPSE, FAN, FAN MAIL, FIXLINK, GENEVA, GLOBEOP, GLOBEOP HEDGE FUND INDEX, GOREC, GORISK, INTRALINKS, KNOW YOUR RISK, LIBERTY ALL-STAR FUNDS, MARGINMAN, MARK-TO-FUTURE, MAXIMIS, MINERALWARE, MOXY, PACER, PAGES, PAS, PORTIA, PORTPRO, REALTICK, RECON, ROLLOVER CENTRAL, RISKWATCH, ROM, ROM ARCHITECT, RXFOCUS, SKYLINE, SS&C, SS&C BLUE PRISM, SS&C SINGULARITY, SS&C SMARTSOURCE, SS&C TAX OPTIMIZER, SYNCOVA, SYLVAN, TA2000, TAMALE, TAMALE RMS, TIER1CRM, TRAC, TRADETHRU, TRADEWARE, VISION, WALLETSHARE, and ZOOLOGIC. SS&C Technologies Holdings, Inc.

History

SS&C Technologies Holdings, Inc. was founded in 1986. The company was incorporated in Delaware in 2005.