Press Release

For Immediate Release

Ares Management Extends Agreement with SS&C GlobeOp for Middle- and Back-Office Services


WINDSOR, CT, February 10, 2020 SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Ares Management LLC, a leading global alternative investment manager with $144 billion in assets under management,[1] has signed an agreement that extends its outsourcing relationship with SS&C GlobeOp. SS&C was first appointed by Ares in 2013 to provide fund administration and middle-office services. The firms will collaborate to build on the current relationship with additional SS&C products, services and capabilities.

SS&C GlobeOp supports Ares across its three integrated businesses, Credit, Private Equity and Real Estate. SS&C GlobeOp will upgrade Ares’ accounting functionality with SS&C Geneva®, standardizing the back office. The latest enhancements to Geneva will support Ares’ data management infrastructure.

“We are pleased to renew and expand our partnership with Ares, a leader in alternative investment management,” said Rahul Kanwar, President and Chief Operating Officer of SS&C Technologies. “Ares is an important customer for SS&C and we remain focused on delivering innovation and expertise to help Ares fulfill its strategic objectives.”

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

 

[1] As of September 30, 2019.


Contact(s):

  Patrick Pedonti
  Chief Financial Officer
  Tel: +1 860-298-4738

  Justine Stone
  Investor Relations
  Tel: +1 212-367-4705
  E-mail: InvestorRelations@sscinc.com