A partnership between SS&C Technologies and a cutting-edge, data capture vendor Canoe Intelligence will let Black Diamond Wealth Platform clients automate the digitization of their PDF reporting documents, creating actionable data that can be sent to institutional investors, allocators, and asset-servicing firms. SS&C Advent’s Black Diamond Platform is a portfolio management system and client reporting… Read More >>
Roley Leaves SS&C Advent for Post at TPG
Robert Roley has left systems and services vendor SS&C Technologies to take a position at private equity firm TPG, and SS&C has named two co-heads to replace him at the SS&C Advent division. “After 18+ years as a technology operator with Advent Software and SS&C, I joined TPG Capital’s software and enterprise technology team to… Read More >>
SS&C Advent Releases On Schedule Despite Pandemic
SS&C Technologies has stuck to its release schedule for its SS&C Advent solutions line regardless of the challenges of the COVID-19 pandemic and lockdown. “These updates are part of our standard semi-annual release cadence. We have major releases of our products in April and October every year,” Karen Geiger, chief development officer (CDO) of SS&C… Read More >>
DTCC Fills Key Equity Clearing Post
DTCC Hires from Options Clearing Corp. The DTCC, a post-trade market infrastructure services provider, reports that Michael McClain has joined as a managing director and general manager of equity clearing. McClain will be responsible for heading the “day-to-day equity clearing business operations and strategic initiatives,” and will report to Murray Pozmanter, managing director and head… Read More >>
SS&C and Advent Team Up for Geneva Upgrade
SS&C and Advent Teams Focus on Combined Clients Technology teams from financial services software and systems vendor SS&C Technologies and its recent acquisition Advent have been working closely and quickly to deliver Geneva, version 15.2, the latest release of the fund administration platform for their joint fund administration clients. Originally an Advent product, Geneva offers… Read More >>
Advent Software to Undergo Cultural Changes
Advent Software will be going through some cultural changes once it officially becomes part of SS&C Technologies either during the current quarter or the third quarter of this year, says Pete Hess, president and CEO of Advent Software, in an exclusive interview with FTF News. Hess and Bill Stone, chairman and CEO of SS&C, spoke… Read More >>
SS&C to Buy Advent Software for $2.7B
SS&C Technologies is purchasing Advent Software for approximately $2.7 billion in cash to widen SS&C’s offerings of software technology and services, say SS&C officials. The transaction equates to $44.25 per share plus assumption of debt, both companies announced on Monday, Feb. 2. The acquisition will take place via a definitive agreement that will see SS&C,… Read More >>
Omgeo Aims for a Global SSI Utility as DTCC Builds Client Data Service with A-List Firms
Omgeo & DTCC Ready ‘Global Utility’ for SSIs Post-trade solutions provider Omgeo and the DTCC are combining forces to build a repository that would effectively serve as a global utility for standing settlement instructions, intended to lower operational costs and bolster efficiency, say Omgeo and DTCC officials.SSI data such as account number, currency code, security… Read More >>
OMS, PMS Vendors Chase Middle- and Back-Office Opportunities
Order and portfolio management software providers are extending the reach of their offerings with features that address market challenges such as separately managed accounts (SMAs), middle and back office operations, and regulatory reporting requirements. Providers of order and portfolio management system (OMS and PMS) software are quickly moving to expand their offerings beyond the traditional… Read More >>
