WINDSOR, Conn., July 17, 2017 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that DDJ Capital Management utilizes SS&C's PORTIA SaaS ('Software as a Service') Platform. This platform includes numerous value-added services to help streamline business processes and allow DDJ to achieve more Straight-Through Processing (STP). These services include full integration, batch processing, and other automation, all leveraging SS&C's latest
solutions and technical advancements. This SaaS solution has allowed DDJ to deliver on its cloud strategy and focus on core business projects that are designed to increase asset and client growth.
DDJ Capital Management, an independently owned investment manager, implemented SS&C PORTIA's SaaS option to save time by outsourcing the creation, maintenance and oversight of nightly workflows and batch jobs. As a result, the company now dedicates more resources to value-add projects that support its mission of producing attractive investment returns for its clients.
The SS&C PORTIA SaaS Platform automates day-to-day activities, supports disaster recovery efforts by offering quick, remote server access, and delivers database administration and monitoring services, ensuring database and platform integrity at all times. PORTIA SaaS is supported in SS&C data centers, allowing DDJ Capital Management to take advantage of technical expertise, product experience, state-of-the-art facilities, and the latest technology enhancements.
"Clients continue to look for ways to deliver efficiencies within their business operations, and PORTIA's SaaS option allows clients to achieve these goals," said Christy Bremner, Senior Vice President, Institutional and Investment Management, SS&C. "We're seeing strong interest from companies like DDJ in SaaS and outsourcing service options."
DDJ's departure from the traditional deployed software model is part of a larger trend of companies moving to hosted and cloud-based services. According to Adox Research Follow The Money Insights, a survey of trade lifecycle automation priorities of 72 large asset management firms, shows that managers are extending the use of hosted and managed services in targeted areas in the middle and back-office.
"SS&C's deep expertise in investment operations and IT infrastructure strongly influenced our decision to partner with them on our cloud strategy. Utilizing SS&C's PORTIA SaaS platform has freed up back office and IT resources to focus on priority items while also improving efficiency and reliability," said Stephen Simmons, Director at DDJ Capital Management. "SS&C's wide-ranging solutions have also helped us minimize the number of vendors we have to oversee, while providing peace of mind around overnight job processes and disaster recovery."
SS&C has been providing outsourcing services since 1995 with an experienced team that provides consistent, high service standards.
For more information, visit the SS&C PORTIA product page here.
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 11,000 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.
About DDJ Capital Management
Since its inception in 1996, DDJ has sought to generate attractive risk-adjusted returns for its clients by adhering to a value-oriented, bottom-up, fundamental investment philosophy. Its investment team has extensive experience investing in securities issued by non-investment grade companies within the lower tier of the credit markets, including high yield bonds, bank loans and other special situation investments. DDJ's sole office is located in Waltham, Massachusetts.
Additional information about
SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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