WINDSOR, Conn., Jan. 16, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Home Financial Services, Inc., the investment services wholly-owned subsidiary of Home Federal Bank, went live on Lightning™, SS&C's full service software-as-a-service (SaaS) platform.
Tennessee-based Home Financial Services implemented Lightning to achieve an integrated, straight-through-processing environment to support its growing investments and safekeeping business and provide enhanced services to its clients. Led by SS&C's positive existing relationship with Home Federal Bank (Home Federal Bank uses SS&C's PortPro as its bond accounting platform) and its previous provider sun setting its software, Home Financial Services recognized Lightning was the preferred choice in meeting their technology needs now and into the future.
"As a progressive provider of fixed income investment services, we need to use the most innovative technologies to attract and retain a wider range of clients," said Mitchell Kincer, Vice President, Home Financial Services, Inc. "Lightning has facilitated a more efficient workflow and eliminates potential safekeeping errors. The contemporary SaaS solution was also a key strategic factor as it allows us to scale and grow while avoiding inflated operational costs.""Home Financial Services recognizes the importance of integrated, flexible and scalable technology like Lightning as a catalyst for efficiency as they grow," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Organizations like Home Financial Services place a great deal of emphasis on expertise and knowledge and innovative technology infrastructures and we are pleased to be fundamental to their success." About Home Financial Services, Inc. In August, 1984, Home Financial Services, Inc. was started as a wholly-owned subsidiary of Home Federal Bank for the purpose of offering to customers a service of purchasing and selling fixed income securities. 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 $26 trillion in assets.