SS&C Technologies Expands Operations with New Office in Saudi Arabia

SS&C Technologies Strengthens Its Presence in the Middle East

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) announced an exciting expansion of its global operations by opening a new office in Riyadh, Saudi Arabia. This move marks a significant step for the company in establishing a stronger foothold in the Middle East's burgeoning financial services market.

The newly established office will allow SS&C to cultivate new relationships and enhance its collaboration with key regulatory bodies such as the Capital Market Authority and the Saudi Arabian Monetary Agency. Currently, SS&C services approximately 850 financial institutions and corporate clients in the Middle East, with around 150 of those clients based in Saudi Arabia.

SS&C specializes in delivering leading software and service solutions across various disciplines, including investment management, risk management, automation, and transaction services. The new Riyadh office will be spearheaded by Issa Jadon, who will lead the efforts in this rapidly growing market.

Bill Stone, the Chairman and CEO of SS&C, expressed enthusiasm about the expansion, stating, "We are thrilled to extend our business in Saudi Arabia. With more than $3 trillion in investments anticipated under Saudi Arabia's economic transformation program, Vision 2030, the Kingdom's financial services market is evolving at an unprecedented pace. SS&C is proud to lead the way with our top-tier technology, service excellence, and in-depth knowledge of local markets and regulations."

Abdullah Al-Eisa, COO at Jadwa Investment, a long-standing client of SS&C in Saudi Arabia, highlighted the benefits of the new office. "We are excited about SS&C’s increased presence in Saudi Arabia. As clients for nearly two decades, we have personally experienced their innovative technological solutions, which have supported us in transforming our investment operations. The opening of the new Riyadh office signifies a new chapter in our partnership, offering us more localized and tailored services."

Founded in 1986 and headquartered in Windsor, Connecticut, SS&C Technologies is a global provider of services and software to both the financial and healthcare industries. The company is recognized for its cutting-edge technology that caters to over 22,000 organizations, from the world's largest enterprises to small and medium-sized businesses, all relying on SS&C for its expertise, scale, and technological innovation.

As SS&C continues to grow and adapt to the conditions of the global financial landscape, its commitment to delivering exceptional value to its clients remains at the forefront of its strategy. Further information about SS&C can be found at www.ssctech.com. Follow SS&C on social media platforms like Twitter, LinkedIn, and Facebook for the latest updates and insights from the company.

In summary, the opening of the new office in Saudi Arabia is not just a testament to SS&C's growth but reflects the company's dedication to fostering strong relationships in the Middle East’s financial ecosystem. With immense potential for technological advancement in financial services, SS&C is poised to support its clients through innovative solutions tailored to local needs.

Conclusion

SS&C Technologies' venture into Saudi Arabia signifies a promising development for both the company and the regional market, setting the stage for future collaborations and technological progress that aligns with the Kingdom's broader economic objectives.