WINDSOR, Conn., May 18, 2010 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that GlobalBridge, Inc., a provider of unified managed account (UMA) and separately managed account (SMA) programs for trust banks and other non-bank advisors, has selected SS&C's UMA technology solution. GlobalBridge switched its accounting platform to SS&C's Global Wealth Platform (GWP) to support its growth in the UMA market segment.
"SS&C's global capabilities, proven technology platform and expertise in unified managed accounts made them an obvious choice to help launch the next phase of our expansion," said Kelly Coughlin, Chief Executive Officer, GlobalBridge, Inc. "SS&C's order management, portfolio accounting and performance reporting capabilities enable us to offer a superior UMA product compared to competitive offerings. We are extremely excited about how we are positioned in the market."
"We are pleased that GlobalBridge, one of the respected names in the UMA and SMA platform space, has chosen SS&C's technology platform," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "GWP will enable GlobalBridge to meet its clients' varying needs for product diversification, customization and tax management through the convenience of a single unified account. We expect GlobalBridge to be a terrific business partner."
Global Wealth Platform™ (GWP) is a proven web-based multi-currency UMA platform that provides advanced overlay management including trade and portfolio modeling and client reporting, with performance measurement at the total account and sleeve level.
About GlobalBridge, Inc.
GlobalBridge (www.globalbridge.com) based in Minneapolis, Minn., with an office in Philadelphia, Pa., offers unified managed account (UMA) and separately managed account (SMA) solutions to trust bank and non-bank financial advisors throughout the U.S. GlobalBridge has connectivity to all major trust accounting systems and custodians to enable its customers to maintain existing custodian relationships. The Company has over 60 bank customers and 15 non-bank customers throughout the U.S.
About SS&C Technologies Holdings, Inc.
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the following market verticals: 1) insurance entities and pension funds, 2) institutional asset management, 3) alternative investment management 4) treasury, banks and credit unions, 5) municipal finance, 6) real estate property management, 7) commercial lending, and 8) financial markets. Additional information is available at www.ssctech.com.
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