The deal increases SS&C’s business and geographical diversification, including Advent's 4,300 customers of asset managers, hedge funds, fund administrators, prime brokers, family offices and wealth management advisory firms. In addition to scale, Advent also adds a stable and attractive revenue base, as demonstrated by its 90 percent recurring revenue rates over the last five years.
SS&C chairman and CEO Bill Stone tells Buy-Side Technology the deal began coming together last year after high-lev
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails