GlobeNewswire
2011-12-27
Acquisition Strengthens SS&C's BANC Mall, PortPro Mall &
SKYLINE Property Management Platforms
WINDSOR, Conn., Dec. 27, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies
Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services
software and software-enabled services, today announced it has
completed the acquisition of the background search and credit retrieval
software-as-a-service suite and associated customers from Teledata
Communications, Inc. (TCI).
Companies throughout the U.S. rely on TCI's software products for
automating the process of conducting background checks, employment
screenings, tenant screenings and more. The acquisition adds more than
1,400 customers to SS&C's client base, with firms ranging from
financial institutions to real-estate property management companies.
TCI retains ownership of its loan origination suite of software
products, DecisionLender.
"We look forward to working with TCI's customers and partners. Adding
TCI's software to our product mix is an important step for us as we
continue to offer a broader range of integrated solutions for loan,
risk, and identity screening tools," said Bill Stone, Chairman and
Chief Executive Officer, SS&C Technologies Holdings, Inc. "Combined
with our BANC Mall, PortPro Mall and SKYLINE solutions, we gain more
control to build world-class lending solutions."
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.
Follow SS&C on Twitter, Linkedin and Facebook.
The SS&C Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8587
CONTACT: Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com