WINDSOR, Conn., May 9, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the one-year anniversary of its acquisition of PORTIA, a leading middle-to-back office platform enabling investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. SS&C has stimulated the ongoing development of PORTIA's platform and service offering and established an integrated sales team to work with current and prospective clients on their future technology needs.
"We are really impressed with Christy Bremner and her team who have brought the PORTIA System to new heights since 2012," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "The product capabilities have been enhanced through the latest PORTIA release announced this year and the product roadmap is solid and exciting."
In the 12 months since the acquisition, efforts have been made to seamlessly integrate the PORTIA platform with SS&C best-in-breed solutions for reconciliation, performance measurement and attribution, market data, client reporting and more. The acquisition of PORTIA has also enabled SS&C to increase its footprint in some of the world's most sophisticated investment management firms."SS&C has brought a focus, drive and entreprenurial spirit to the PORTIA team," said Christy Bremner, Senior Vice President and General Manager, SS&C PORTIA. "Further our customers recognize the commitment and energy SS&C has brought and our access to the huge inventory of SS&C's technologies, subject matter expertise and world class processes." 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.