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SS&C Technologies Announces Results for Q3 2009
Nov 12, 2009

WINDSOR, CT – November 12, 2009  - SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and software-enabled services, today announced results for the quarter ended September 30, 2009.  Revenue on a GAAP basis for the third quarter of 2009 was $68.9 million. This represents a decrease of $2.1 million, or 3.0%, from revenues over the same period in 2008. Revenue for the first nine months of 2009 was $199.9 million, a 5.6% decrease from the same period in 2008. Net income, on a GAAP basis, for the third quarter of 2009 and nine months ended September 30, 2009, was $5.6 million and $13.0 million, respectively.

Adjusted operating income (a non-GAAP financial measure defined in note 1 to the attached Consolidated Condensed Financial Information) was $27.1 million for the three months ended September 30, 2009, compared to $27.2 million in the third quarter of the prior year a decrease of 0.3%. Adjusted operating income was $75.3 million for the nine months ended September 30, 2009 compared to $78.6 million in 2008, a decrease of 4.2%.

Consolidated EBITDA (a non-GAAP financial measure defined in note 2 of the Consolidated Condensed Financial Information) for the third quarter of 2009 was $28.7 million, compared to $28.8 million in the third quarter of 2008, a decrease of 0.6%. Consolidated EBITDA for the nine months ended September 30, 2009 was $83.0 million compared to $84.9 million for the same period in 2008, a 2.2% decrease.

Revenues/Operating Income
"Revenues continued to stabilize, growing from $67.3 million in the second quarter to $68.9 million in the third quarter of 2009," said Bill Stone, Chairman and CEO, SS&C Technologies. "We continue to focus on our operating margins, and our adjusted operating income has increased to 39.3% of revenues for the three months ended September 30, 2009 compared to 38.3% for the same period in 2008."

Business Environment
"In Q3 and year to date, we continued to see demand despite the challenging financial market conditions," said Stone. "Regulators and investors are driving demand for more sophisticated reporting and increased transparency. We are confident that our breadth and depth of solutions combined with our deep domain expertise can help our clients in these increasingly complex markets."

Balance Sheet and Cash Flow
SS&C ended the quarter with $52.5 million in cash and cash equivalents, and $402.6 million in debt. We generated net cash from operating activities of $45.0 million for the nine months ended September 30, 2009, compared to $43.1 million for the same period in 2008.

"We will continue to use cash to acquire new businesses, pay down debt and deleverage our business. Our consolidated total leverage, as defined in our senior credit facilities, is now 3.3 times consolidated EBITDA compared to 6.8 times when we went private," said Stone.

Earnings Call
SS&C's Q3 2009 earnings call will take place at 11:00 a.m. eastern time on November 13, 2009. The call will discuss Q3 2009 results. Interested parties may dial 877-680-2259 (US and Canada) or 706-679-6413 (International) and request the "SS&C Third Quarter 2009 Earnings Call", conference ID # 39874962. A replay will be available after 1:00 p.m. eastern time on November 13, until midnight on November 20, 2009. The dial-in number is 800-642-1687 (US and Canada) 706-645-9291 (International); access code # 39874962.

This press release contains forward-looking statements relating to, among other things, our expected revenue trend and our plans to acquire new businesses and pay down debt and deleverage our business. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry, the Company's ability to finalize large client contracts, fluctuations in customer demand for the Company's products and services, intensity of competition from application vendors, delays in product development, the Company's ability to control expenses, terrorist activities, the Company's ability to integrate acquired businesses, the effect of the acquisitions on customer demand for the Company's products and services, and those risks described in the Company's filings with the Securities and Exchange Commission, including without limitation, the Company's Annual Report on Form 10-K for the year ended December 31, 2008. The Company cautions investors that it may not update any or all of the foregoing forward-looking statements.

About SS&C Technologies                                                                          
SS&C delivers investment and financial management services and software focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 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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Patrick Pedonti 
Chief Financial Officer, SS&C Technologies 
Tel: 1-860-298-4738 
E-mail: InvestorRelations@sscinc.com

Justine Stone Investor, Relations, SS&C Technologies
Tel: 1- 212-367-4705
E-mail: InvestorRelations@sscinc.com

Media Contacts 
Sean Welch 
PAN Communications
Tel: (407) 734-7330
E-mail: ssc@pancomm.com