NASDAQ OMX Welcomes SS&C Technologies Holdings, Inc. (SSNC) to The NASDAQ Stock Market
NEW YORK, April 5, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world's largest exchange company, announced that the trading of SS&C Technologies Holdings, Inc. (Nasdaq:SSNC) commenced March 31 on The NASDAQ Stock Market. SS&C Technologies Holdings, Inc. trades under the ticker symbol (SSNC). SS&C Technologies raised $161 million and is now over $1 billion in market cap.
"We welcome SS&C, one of the largest NASDAQ IPOs of the year," said Bruce Aust, Executive Vice President, Corporate Client Group, NASDAQ OMX. "SS&C is a leading provider of financial services, software and outsourcing services for investment management and we are honored that they join NASDAQ, the market of choice for 81% of publicly traded IT companies."
SS&C Technologies Holdings, Inc. is a global provider of financial services software and software-enabled services. Founded by its current Chairman and CEO, William C. Stone, in 1986, SS&C delivers mission-critical processing for information management, analysis, trading, accounting, reporting and compliance. SS&C employs a disciplined and highly focused acquisition strategy to increase the breadth and depth of its product and service offerings and capitalize on evolving market opportunities. Since 1995, SS&C has acquired 29 businesses with products, services and/or technologies in existing or complementary vertical markets. SS&C has more than 1,200 employees and 4,500 clients worldwide, and is headquartered in Windsor, Connecticut, with offices throughout North America, Europe, Asia Pacific, and Australia.
There are currently 684 technology companies listed on The NASDAQ Stock Market, which represents 81% of publicly traded technology companies in the U.S. markets.
About SS&C Technologies Holdings, Inc.:
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,700 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
Neither The NASDAQ OMX Group, Inc., nor any of its affiliates (collectively "NASDAQ OMX") makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Investors should undertake their own due diligence and carefully evaluate companies before investing.
CONTACT: The NASDAQ OMX Group, Inc. Media Contact: Marisha Chinsky (646) 441-5258 Marisha.Chinsky@nasdaqomx.com
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