WINDSOR, Conn., March 8, 2016 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Salient Partners, L.P. (Salient) has selected SS&C to run its outsourced middle office and accounting processes leveraging Geneva®, GoTrade+ and key aspects of its regulatory reporting.
Salient, which acquired Forward Management, LLC, (Forward) in 2015, manages more than $12 billion across a broad spectrum of traditional and alternative investments. Following the acquisition, the asset management firm sought to streamline its middle and back office operations.
Both Salient and Forward had separate instances of Advent Portfolio Exchange® (APX) in place for shadow accounting and operations. Salient also used Geneva in-house and now will leverage SS&C's outsourced services to streamline their accounting and middle office processes. As a result, Salient is amongst the first SS&C Advent clients to realize the combined benefits of SS&C's acquisition of Advent.
Salient will also implement SS&C's regulatory solutions for Form PF as well as the CFTC and NFA's CPO-PQR requirements. These services are part of a suite of regulatory and compliance offerings, also consisting of solutions for FATCA, Form 13F, Open Protocol, and European regulatory initiatives such as AIFMD.
"We have a long-standing history working with both SS&C and Advent, so we are familiar with their capabilities," said Rob Naka, COO, of Salient. "We believe that the flexibility of this outsourced deployment and servicing model will move us away from a fixed cost model to a variable cost model for our operations."
"Following its acquisition of Forward, Salient found itself managing multiple installations of accounting platforms. Migrating the combined firm to outsourced middle office, accounting and regulatory services will achieve significant operational efficiencies," said Jon Anderson, Global Head of GoTrade+, SS&C Technologies' middle office solution. "This provided an excellent opportunity to demonstrate to Salient how they could benefit from the integration of all of our solutions under the SS&C umbrella."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 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 manage an aggregate of over $44 trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com.
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For further information: Patrick Pedonti, Chief Financial Officer, Tel: +1-860-298-4738, E-mail: InvestorRelations@sscinc.com; Justine Stone, Investor Relations, Tel: +1- 212-367-4705, E-mail: InvestorRelations@sscinc.com; Media Contacts: Sarah Mason, Metia (UK), Tel. +44 (0)20 3100 3613, Email: firstname.lastname@example.org; Megan Griffin, BackBay Communications (US), Tel: +1-617-556-9982 ext.221, Email: email@example.com, http://www.ssctech.com