WINDSOR, Conn., Sept. 20, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Ares Management LLC, a multi-billion dollar asset manager, successfully completed its initial filing of Form PF in line with the August deadline, using SS&C GlobeOp's Form PF reporting solution.
"The filing was a culmination of months of planning, data extraction and coordination that involved individuals from throughout the organization working together and, most importantly, working with our filing partner, SS&C GlobeOp," said a spokesperson for Ares Management LLC."Form PF is one of the more significant regulatory reporting requirements the asset management industry has seen to date, and SS&C GlobeOp's full service offering, including technology and subject matter expertise was integral to successfully meeting the requirements. From our perspective, using SS&C GlobeOp was a great example of leveraging an external partner for their expertise and allowing us to focus on our core capabilities."
"We are very pleased to partner with Ares. Our expertise in Form PF and demonstrable functional services and technology leadership put SS&C GlobeOp ahead of the pack," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "In keeping with our practice of continuously growing to meet regulatory and customer needs, SS&C GlobeOp has developed an understanding of Form PF from business process and technology perspectives quite early. We are then able to offer customers the ability to leverage our expertise and technology."About Ares Management LLC Ares Management is a global alternative asset manager with approximately $54 billion of committed capital under management as of June 30 th, 2012. The firm is headquartered in Los Angeles with offices across the United States, Europe, and Asia. www.aresmgmt.com About SS&C Technologies 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. Some 5,500 financial services organizations, from the world's' largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
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