For Immediate Release
Vice President, Investor Relations
Tel: +1-212-319-9790 x2222
SS&C Acquires the Business of Micro Design Services, LLC
MDS Acquisition Bolsters SS&C Institutional Platform
WINDSOR, CT – October 1, 2008 — SS&C Technologies, Inc. (www.ssctech.com
), a global provider of financial services software and outsourcing solutions, today announced that it has acquired the assets of Micro Design Services, LLC.
Micro Design Services (MDS) specializes in the design and development of real-time, mission-critical order routing and execution services for the world's largest Exchanges. SS&C's acquisition of Micro Design Services extends SS&C's presence in the securities industry and adds significant expertise in mobile computing and messaging.
"MDS brings a wealth of experience and expertise in securities trading and exchange floor operations. This expertise combined with the thousands of investment firms SS&C provides solutions to will add a new level of understanding and enhance the offerings across SS&C's product suite," said Bill Stone, chairman and chief executive officer, SS&C Technologies, Inc. "Few companies are better positioned to help institutions manage the complexities of securities valuation, accounting and processing."
The MDS patented Market Look Information System is in use by 45 brokerage firms with over 1,700 users. MDS was instrumental in the design and development of the first hand-held wireless trading system adopted by a US exchange.
"The ability to leverage SS&C's capabilities as well as their international reach will provide significant opportunities for MDS's products and services," said Roman Szymansky, president and co-owner of MDS.
John Petschauer, chief executive officer of MDS, added, "We believe the cultural and technological synergy between SS&C and MDS will expedite our development cycle, creating value for our customers, and opportunity for our staff."About SS&C Technologies
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) financial institutions, 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) corporate treasury. Additional information is available at www.ssctech.com
.About Micro Design Services, LLC
Micro Design Services, LLC (MDS) is an industry leader in the design and development of sophisticated software products for the financial industry. MDS provides its customers with outstanding technology, enabling them to compete in a rapidly changing environment. The company created the patented MarketLook™ Information System (MLIS), and designed and developed many of the order management and routing systems used on leading equities, options, and futures exchanges in the US. These systems incorporate the latest in wireless radio technology, and mobile tablet computer products. Founded in 1990, MDS is headquartered in Parsippany, New Jersey. For more information, visit www.microdesignservices.com