WINDSOR, Conn., May 15, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced that Bombardier has completed a multi-phased implementation of SS&C's asset management software-as-a-service (SaaS) platform for its U.S., U.K. and Canadian pension plans' investment activities. The roll-out is part of Bombardier's initiative to automate operational processes and support growth into increasingly sophisticated investment strategies.
Bombardier selected SS&C because of its fixed income and derivatives expertise, rebalancing capabilities and custodial data integration. SS&C worked closely with Bombardier's Pension Asset Management Service to implement an integrated front-, middle-, and back-office solution, providing a consolidated book of record and reports.
"We are very pleased with how SS&C's asset management platform has transformed our operational processes," said Dominique Paquay, Director, administration and accounting of the Pension Asset management Service of Bombardier Inc. "The benefits of having a robust integrated platform from an established partner made it an easy decision to go with SS&C."
"We are delighted Bombardier has gone live on our integrated product suite," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "With our cloud-based platform we introduced a best-in-class workflow between Bombardier's trading and operations teams."
About Bombardier
Bombardier is the world's only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.
Bombardier is headquartered in Montréal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America indexes. In the fiscal year ended December 31, 2011, we posted revenues of $18.3 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.
About SS&C Technologies
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. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.
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