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SS&C Announces Release of Loan Origination and Servicing Platform
Feb 02, 2012

WINDSOR, Conn., Feb. 2, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the general availability of LMS 2012, an important update to SS&C's commercial loan origination and servicing platform. SS&C will be showcasing its capabilities at MBA's Commercial Real Estate Finance/Multifamily Housing Convention & Expo in Atlanta, February 5-8, 2012.

"We serve the leading loan origination, servicing, and investment accounting organizations and through ongoing dialogue we continue to enhance our LMS products to improve the efficiency and effectiveness of managing complex loan portfolios," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "If you are involved in the origination or servicing of commercial loans, LMS is your solution."

LMS 2012 Release Highlights

With this release of LMS, SS&C continues its commitment to providing a global footprint to the loan market. Key features include the expansion of multi-currency capabilities, market valuations, and valuation allowances. Designed with multi-currency loans at its core, switching between currencies is fully supported including associated calculations and transactions.  

LMS is a workflow-based platform and the latest release offers fully customized task management and document tracking to provide increased oversight at the group and individual levels. End-to-end servicing enhancements provide expanded tracking of loan funding details, improved processing of fee payments and reimbursements, as well as ease of accounting for loan sales and dispositions. As construction lenders continue to look to grow while increasing efficiencies, the latest release of LMS features automation of administration and accounting of construction loans with greater granularity in holdback and construction cost tracking. The LMS CRM interested party function now allows for web-based access to view contact information.

Unum, a leader in disability, group life, long term care and voluntary benefits, and an SS&C client since 1997, recently went live on the latest release of LMS. "We are extremely pleased with new version of LMS," said Laurie Fitch, Senior Investment Analyst, Mortgage and Real Estate Investments, Unum. "The enhanced features enable us to collaborate more effectively and faster. LMS continually helps us increase visibility and control and deliver better service."

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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CONTACT: Patrick Pedonti

         Chief Financial Officer

         Tel: +1-860-298-4738

         E-mail: InvestorRelations@sscinc.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