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IPO News

12/29/09

SS&C Technologies Holdings, which offers sophisticated software products that allow financial services providers to automate business processes, filed on Monday with the SEC to raise up to $300 million in an initial public offering. The Windsor, CT-based company, which was founded in 1986 and booked $268 million in sales over the last 12 months, provides products that automate and integrate front-office functions (e.g. trading and modeling), middle-office functions (e.g. portfolio management and reporting), and back-office functions (e.g. accounting and performance measurement). SS&C was organized as a CT organization in March of 1986, reincorporated as a Delaware corporation in 1996, and acquired by SS&C Holdings in 2005, which was then incorporated in Delaware as Sunshine Acquisition and changed its name to SS&C Technologies Holdings in 2007. The company has over 4,500 clients worldwide, primarily within institutional asset management, alternative investment management, and financial institutions vertical markets. J.P. Morgan, Credit Suisse, and Morgan Stanley are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.