For Immediate Release
SS&C Buys Tradeware Global Corp.
Acquisition Strengthens SS&C's Worldwide Trading Footprint
WINDSOR, CT - January 4, 2010 - SS&C Technologies, Inc. (www.ssctech.com
), a global provider of financial services software and software-enabled services, today announced it has acquired Tradeware Global Corp., a leading broker-neutral solution provider for electronic access to global equity markets.
The acquisition expands SS&C's electronic trading offering in the broker/dealer market on a global basis. The acquisition adds approximately 250 clients and 60 staff based in New York and London to the company's global capabilities.
Tradeware currently provides services to brokers and institutions in 82 countries around the world. The company specializes in flexible Financial Information eXchange (FIX) -based equity order management systems, FIX connectivity solutions and full front-to-back office integration and compliance reporting services.
"Tradeware's solutions, talent and clients complement SS&C's business and extend our ability to deliver increasingly sophisticated products and services to our clients," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies, Inc. "Tradeware's broker-neutral solutions deliver a rich user experience, low cost of ownership, and improved operational efficiency to global trading. These competitive differentiators have led many clients to choose Tradeware."
"This is an exciting milestone for our company, and we look forward to building our business," said Charles Giessen, Senior Vice-President and General Manager, Tradeware Global Corp. "We envision great opportunity for our business through SS&C's worldwide presence and client base, and we can't wait to begin seeing that play out in the market place."About Tradeware Global Corp.
Founded in 1993 and located on Wall Street, Tradeware specializes in flexible FIX-based equity order management systems, FIX connectivity solutions, and full front-to-back office integration and compliance reporting services. The Company's service bureau business model offers customers the much sought-after benefits of trading neutrality. More than 250 brokerage firms and institutional investors around the world rely on Tradeware's products and connectivity services.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 following market verticals: 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) financial markets. Additional information is available at www.ssctech.com
Chief Financial Officer