For Immediate Release
SS&C Acquires Identity Verification and Credit Retrieval Assets of Teledata Communications, Inc.
Acquisition Strengthens SS&C's BANC Mall, PortPro Mall & SKYLINE Property Management Platforms
WINDSOR, CT – December 27, 2011 - SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced it has completed the acquisition of the background search and credit retrieval software-as-a-service suite and associated customers from Teledata Communications, Inc. (TCI).
Companies throughout the U.S. rely on TCI’s software products for automating the process of conducting background checks, employment screenings, tenant screenings and more. The acquisition adds more than 1,400 customers to SS&C’s client base, with firms ranging from financial institutions to real-estate property management companies. TCI retains ownership of its loan origination suite of software products, DecisionLender.
"We look forward to working with TCI's customers and partners. Adding TCI’s software to our product mix is an important step for us as we continue to offer a broader range of integrated solutions for loan, risk, and identity screening tools,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "Combined with our BANC Mall, PortPro Mall and SKYLINE solutions, we gain more control to build world-class lending solutions.”
About SS&C Technologies
Celebrating its 25th year, SS&C is a global provider of investment and financial software-enabled services and software 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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Chief Financial Officer