Move underscores SS&C's growth in provision of cloud software and services
SS&C Technologies Holdings, Inc. ("SS&C") (Nasdaq: SSNC), a leading global provider of financial services software and software-enabled services, today announced the expansion of its presence in Evansville, Indiana as it prepares to move into a new office and plans to hire for positions in fund accounting, software development, and customer support.
"Indiana is nearing an all-time record of private sector employment because companies like SS&C are committed to growing here in the Hoosier State," said Governor Mike Pence. "We are proud to have created a low-tax, low-regulation economic environment that creates fiscal predictability and allows businesses to expand their operations and continue to create quality jobs for Hoosiers."
SS&C has the right to lease up to approximately 90,000 square feet in the Sterling Square, a four story building located on the downtown corridor of Evansville. The Company currently employs nearly 200 staff here and this move will create room to add another 300 jobs. With the expansion, SS&C will be one of the largest financial software and services companies in the region.
"On behalf of the City of Evansville, we are delighted to see the next phase of SS&C's growth," said Lloyd Winnecke, Mayor, Evansville. "Having SS&C here is such a positive thing for Evansville. It's not just the employment, it's about the opportunity for recent University of Southern Indiana and University of Evansville graduates to stay. That's a real plus."
The Evansville expansion positions SS&C for organic growth in the mid-west market and serves as a growing operating center for SS&C's global customer base including hedge funds, private equity funds, fund of funds, and institutional and private wealth managers. SS&C Evansville currently supports hundreds of clients that range in size, various structures and strategies across the globe.
"SS&C has a talented workforce and supportive business environment in Evansville, and we are excited to continue to grow our Indiana footprint. We service world class organizations here from Sciens, a London-based $5.2 billion alternative asset manager, to Folger Hill Asset Management, a recently launched hedge fund with assets in excess of $1 billion and offices in New York and Boston. The competitive cost of doing business, the ability to recruit and retain talent from local and regional universities and the great working relationships we have forged with the local and state governments are some of the reasons why SS&C selected and continues to grow in Evansville," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We are focused on our customers and we believe Indiana delivers a world class infrastructure allowing us to deliver industry leading products and services."