WINDSOR, Conn., Jan. 5, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced SS&C Fund Services successfully converted three fund managers' middle and back-office processes to SS&C's fund administration platform.
SS&C's rapid conversion process brought Saemin Capital Management, LLC, Azimuth Asset Management, LLC and Artorious Management L.L.C, live within three months of signing with SS&C Fund Services. Saemin Capital Management, LLC, a recently signed hedge fund conversion for SS&C, required a fund administrator that could achieve several deliverables including web-based reporting for the fund and its investors, proven ability to scale, reliable staff with industry expertise, all provided by a well-known name in the administration industry. Saemin selected SS&C Fund Services as the firm that best served their requirements. Within ninety days, SS&C converted their official books and records since inception and went live in the fourth quarter of 2010.
"We are very pleased with the technology platform and operations team that SS&C has built," said Saemin Choi, President, Saemin Capital Management, LLC. "Their ability to get us live in such a short period of time has been equally impressive. We look forward to the future with SS&C."
"We continue to meet or exceed the target timelines for these and other conversions from competitors in our fund administration business," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "Now, more than ever, funds seek out established fund administrators with successful track records and reputations and SS&C is well positioned to benefit from this trend."
SS&C Fund Services is a full service independent fund administrator providing middle and back office services on its proprietary technology platform including net asset value computations, risk analytics, investor services and reporting and web services.
About SS&C Technologies Holdings, Inc.
SS&C is a leader in the delivery of investment and financial management software and related services focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (Nasdaq:SSNC) is available at ( www.ssctech.com ).
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CONTACT: SS&C Technologies Patrick Pedonti, Chief Financial Officer +1-860-298-4738 InvestorRelations@sscinc.com