For Immediate Release
SS&C announces acquisition of Zoologic™
Leading provider of web-based courseware for financial services to join software leader
WINDSOR, CT - September 5, 2006 — SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and outsourcing solutions, announced today the acquisition of the assets of Zoologic, Inc., a leading provider of sophisticated, web-based financial services education and training courseware solutions for approximately $3 million in cash.
Zoologic, headquartered in New York, provides web-based courseware for the securities, asset management and wealth management markets. Zoologic provides learning services to financial professionals at over 80 leading firms in North America, Europe and around the world.
"As a company, we provide high performance, scalable and comprehensive financial software and services. These offerings increasingly require educational tools and services," says Bill Stone, chief executive officer of SS&C Technologies. "As we integrate Zoologic, we provide additional value to our clients through world class training and education in a rich environment. Our clients' personnel as well as SS&C's own staff can access the curriculum, course materials and tests anywhere in the world. Powerful, flexible and comprehensive are three hallmarks of SS&C's offerings and Zoologic is a highly complementary addition."
Zoologic offers a vast library of scalable, fully interactive courses and simulations for the financial services market. The offering is developed to deliver an optimal learning experience to financial professionals and includes over 540 hours of electronic content including accounting, compliance, insurance, derivatives, portfolio management, trust, risk management and more. The majority of the courseware content has been provided or vetted by subject matter experts from global financial service providers. Refer to http://zoologic.com/products3.html
for more information on external content providers.
"During the due diligence process, I spoke to a number of Zoologic clients and am delighted to report a very satisfied client base," says Richard Shalowitz, senior vice president of SS&C Technologies in New York, "Both the curriculum and the learning experience were cited as strengths and differentiators of Zoologic's performance support solutions."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 Zoologic
Zoologic (www.zoologic.com) provides highest-quality, cost-effective learning solutions, including web-based courseware, instructor-led training, assessment, and just-in-time reference tools, to finance professionals around the globe. These solutions enable clients to increase workforce performance and productivity and overall profitability of the business. The firm currently serves and is recognized by the leading investment banks, commercial banks, brokerage firms, wealth management firms, insurance companies, governmental agencies, and universities in more than 45 countries. Founded in 1993, Zoologic is headquartered in New York, NY with an office in London and representatives throughout the world.
Chief Financial Officer