SS&C plots expansion 15 December 2010New York Reporter: Ben Wilkie
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SS&C Technologies a global provider of financial services software and software-enabled services has signed a 10-year renewal and expansion with The Durst Organization at 675 Third Avenue in New York.
This expansion supports the growth of SS&C's fund administration, financial training and online courseware and municipal finance businesses, and its private equity fund administration services that resulted from the acquisition of Geller Investment Partnership Services (GIPS).
"SS&C is experiencing growth in key segments of our business and our commitment to serving our growing client base was a key driver for our expansion in one of the major financial centers of the world," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies Holdings, Inc. "At a time where many of our competitors are scaling back their operations, our expanded market presence is something we can all be proud of and is a significant milestone in our overall growth."
The New York City office hosts approximately 250 employees from several departments, including middle and back office operations for SS&C's fund administration business, sales, development and account management, as well as key members of SS&C's executive management team. Colliers International represented SS&C in this transaction that more than doubles its real estate footprint in mid-town Manhattan to 51,000 square feet.
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