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For Immediate Release

Contact:
  Patrick Pedonti
  Chief Financial Officer
  Tel: +1-860-298-4738
  E-mail: InvestorRelations@sscinc.com

SS&C Technologies Announces 2006 Fourth Quarter and Year End Results

WINDSOR, CT - February 28, 2007 — SS&C Technologies, Inc.(www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced results for the fourth quarter and full year ended December 31, 2006. Reported revenue on a GAAP basis for fourth quarter and the year was $54.0 million and $205.5 million, respectively. Included in reported revenue for the year was a $3.6 million reduction in revenue caused by purchase accounting adjustments to reflect November 23, 2005 deferred revenue at its fair value compared to $0.7 million of such adjustments in the prior year. Adjusted revenue (a non-GAAP financial measure defined in note 3 to the attached Consolidated Condensed Financial Information) for the year was $209.1 million, a 28.8% increase from the prior year of $162.4 million. Adjusted revenue for the fourth quarter was $54.1 million, a 12.5% increase from $48.1 million in the prior year. Net loss, on a GAAP basis, for the fourth quarter of 2006 was $0.8 million and net income, on a GAAP basis, for the year 2006 was $1.1 million.

Adjusted operating income (a non-GAAP financial measure defined in note 1 to the attached Consolidated Condensed Financial Information) for the year was $73.3 million, a 33.4% increase from the prior year of $54.9 million. Adjusted operating income was $18.4 million for the fourth quarter compared to $17.2 million in the prior year.

Consolidated EBITDA (a non-GAAP financial measure defined in note 2 of the attached Consolidated Condensed Financial Information) for 2006 was $84.0 million, or 40.2% of adjusted revenue, and increased 10.9% from $75.7 million in the prior year. Consolidated EBITDA for the fourth quarter was $22.0 million, or 40.6% of adjusted revenue, compared to $20.4 million in the prior year. Consolidated leverage, as defined in our credit agreement, was 5.5 times at December 31, 2006.

Revenues/Operating Income
"During 2006, we reached an important milestone in SS&C's history as we surpassed the $200 million mark in revenue as a result of 28.8% revenue growth. We demonstrated a trend of double-digit revenue growth in each quarter of 2006 over comparable quarters in the prior year, and Q4 was no exception. We are pleased with our recurring revenues (which include maintenance and outsourcing revenues), which continued to grow at a healthy pace, up 33% over 2005, and represented 79.3% of our revenues for 2006," said Bill Stone, chairman and chief executive officer of SS&C Technologies.

Outsourcing Solutions
"During 2006, we began accelerating our strategy for taking a leading place in the hedge fund administration business. Our acquisition of Cogent and diligent sales efforts have resulted in a growing market share amongst fund administrators, and we are rapidly gaining recognition for our capabilities. Of particular note, the 7th HFMWeek Hedge Fund Administrator survey cited SS&C as the fastest growing administrator among the top 10. Our combined outsourcing business has enjoyed revenue growth of 44% over 2005, and we expect this will continue to grow as more hedge funds, insurance companies and asset management firms determine they cannot cost effectively manage infrastructure and applications without losing focus on their core business."

Balance Sheet and Cash Flow
"We ended the year with $11.7 million of cash and cash equivalents on our balance sheet and a total debt position of $471.9 million. Our operating cash flow for the year was $30.7 million, and we used those funds to pay-down $17.1 million of debt and invest in our business with $4.2 million of property and equipment additions and $14.0 million for the acquisitions of Cogent and Zoologic," said Stone.

Earnings Call
SS&C's earnings conference call will take place on Thursday, March 1, 2007 at 10:00 a.m. eastern time. The call will discuss fourth quarter and 2006 results. Interested parties may dial 706-643-7858 (US, Canada and International) and request the "4th Quarter 2006 Earnings Conference Call", conference ID #1225250. A replay of the earnings call can be heard after 12:00 p.m. on March 1, 2007 until midnight March 8, 2007. To hear the replay, dial 706-645-9291 and enter the access code 1225250. A replay of the call will also be available on March 2, 2007 on our website at www.ssctech.com/about/earnings.asp.

This press release contains forward-looking statements relating to, among other things, the Company's expected growth in outsourcing business. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the Company's ability to finalize large client contracts, fluctuations in customer demand for the Company's products and services, intensity of competition from application vendors, delays in product development, the Company's ability to control expenses, general economic and industry conditions, terrorist activities, the Company's ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company's products and services, and those risks described in the Company's filings with the Securities and Exchange Commission, including without limitation, the Company's Prospectus dated August 4, 2006 relating to its offer to exchange . The Company cautions investors that it may not update any or all of the foregoing forward-looking statements.

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.

Click here to view the financial earnings statement in PDF format.

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