SS&C Technologies Files For $300 Million IPO
SS&C Technologies has filed for a $300 million IPO. SS&C designs software for trading and modeling companies. Some of the functions include portfolio management, reporting, accounting, processing, clearing, and performance measurement. SS&C started 23 years ago and is based in Windsor, CT. SS&C employs about 1,100 people. The company attempted to go public in June 2007, but withdrew from the IPO several months ago.
SS&C was founded in 1986 by William Stone. The company was being publicly traded up until November 2005, but SS&C went private around then. The Carlyle Group took the company private in November 2005 in a $982 million deal. SS&C earned about $280 million in 2008 and $205 million in 2006.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry