For Immediate Release
SS&C Acquires TimeShareWare
Adds Leading Resort Management Software Capabilities to SS&C Real Estate Offering
WINDSOR, CT – December 7, 2010 — SS&C Technologies (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced it has acquired Utah-based TimeShareWare, the leading provider of technology solutions for shared-ownership resorts including vacation membership associations, fractional membership properties, condo-hotels, vacation rentals, and timeshare resorts.
With over 500 successful product installations around the world, TimeShareWare clients include Marriott, Group RCI, Holiday Inn Club Vacations, Daily Management, Club La Costa, Welk Resort Group, InnSeason Resorts, Sol Melia, and Raintree Resorts. TimeShareWare's flagship platform technology is based on a three-tier Service Oriented Architecture (SOA) to manage all the aspects of the resort industry including marketing, contract management, owner/member services, reservation management, loan servicing, and property management.
"Increasing costs of property management operations, poor system integration and improving client service continue to be a challenge for many property management firms,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. “With the addition of TimeShareWare, SS&C is extending its industry leading real estate property management offering of complete property management solutions to help clients get more accurate and consistent property data for use throughout their operations."
"Since our inception we have focused on working closely with our clients to solve some of the toughest problems in the resort management world," said Timo Jones, President and Chief Executive Officer, TimeShareWare. "By combining with SS&C, we look forward to expanding the scope of our solutions and making them available to a broader market."About TimeShareWare
TimeShareWare uses advanced technology and has created a state-of-the-art software platform to provide best of breed, superior software solutions to shared-ownership, mixed use resorts. Since 1993, TimeShareWare has served all sizes and types of vacation ownership associations, fractional ownership properties, and timeshare resorts including multi-site, single-site, and points-based clubs. The TimeShareWare software platform includes solutions for lead and tour management, contract processing, sales and marketing, owner accounting, loan servicing, property management, reservations, and web-based owner servicing.
About SS&C Technologies Holdings, Inc.
SS&C is a leader in the delivery of investment and financial management software and related services focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (NASDAQ: SSNC) is available at (www.ssctech.com
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