Fixed Income Advisor Outsources Assets to SS&C
WINDSOR, Conn., June 13, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and FINANCIAL software-enabled services and software, today announced Richmond Capital LLP has switched to SS&C Fund Services to provide middle- and back-office and fund administration services and will use SS&C's front office platform to support and manage their funds.
SS&C will serve as Richmond Capital's outsourced middle- and back-office, providing cloud-based technology and services from trade capture, trade confirmation, clearing and settlement processing, and customized tracking and reporting capabilities for both exchange traded and OTC instrument classes.
Richmond Capital will also use SS&C's proprietary front-office technology to give Traders access, via a software-as-a-service (SaaS) deployment, to Antares™ for full trade order management and aggregation, real-time reporting and analytics.
"When we decided to move to another fund administration provider, we were looking for a firm that had comprehensive front-, middle- and back-office software and services to help us grow," said Renata Machado, Partner, Richmond Capital. "The SS&C solution for independent fund administration services plus front-, middle-, and back-office technology and operations expertise is what we felt we needed for us to continue to meet and exceed our business goals."
"We are delighted that Richmond Capital has chosen SS&C for its daily operational support and fund administration requirements," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Our industry expertise, proprietary technology platforms, and 24x7 global delivery model offer the end-to-end solutions our clients need as they focus on continued growth and expansion of their businesses."
About SS&C Technologies
Celebrating its 25th year, SS&C is a global provider of investment and financial software-enabled services and software 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: Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com
