SS&C Technologies (NASDAQ: SSNC) said that it is now supporting 150 customers through the SS&C GlobeOp Regulatory Solutions Group.
SS&C GlobeOp´s Regulatory Solutions Group assists funds of all types with Form PF, FATCA, AIFMD and other compliance and reporting rules. Recent wins in the first quarter of 2014 take the total number of customers to more than 150 customers and 2,000 funds.
The adoption of SS&C GlobeOp´s regulatory solutions by hedge funds, fund of funds, private equity and managed accounts is being driven by several specific, escalating challenges that these firms now face. These include growing competition for investors, tighter operating budgets and the need for specialized talent and technology to handle new regulatory reporting requirements.
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. Its website is at www.ssctech.com.