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WINDSOR, Conn., Aug. 21, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Investment Administration Services (IAS) has renewed its strategic relationship with SS&C through the use of SS&C's Global Wealth Platform™ to support its managed account business.
A client since 2004, IAS' continued use of SS&C's Global Wealth Platform confirms the Platform's ability to deliver managed account functionality to Australian wealth managers.
"SS&C's superior technology, proven track record, and service excellence are the primary reasons we chose to continue partnering with SS&C and its Global Wealth Platform." said Phillip Thomas, CEO, IAS. "At IAS we have been adding clients to our administration business at a rapid rate, and we rely heavily on technology to do so efficiently and profitably. Global Wealth Platform gives us an edge in terms of instrument coverage, scalability and the level of automation we require to support us in expanding our managed accounts client base. SS&C has been, and will continue to be, a strong strategic partner for IAS."
"IAS and SS&C enjoy a long standing relationship and we are pleased to continue to provide comprehensive services and software to the IAS organization," said Phil Banas, Managing Director, Australia, SS&C Technologies. "Australia's wealth management requirements can be challenging for overseas firms and many global software providers have had their plans and dreams dashed on the rocks of Australia's capital gains tax and imputation credits. Too many international firms come to Australia with great fanfare, win a handful of clients, and then quietly close their office as soon as the going gets tough. SS&C has had a continuous, on-the-ground presence in Australia for 12 years now. We have the best software and the best people and we continue to expand profitably."