How SS&C muscle might be just what the Black Diamond and Advent Software doctor ordered
The portfolio accounting provider to giants like Voya, Barclays and New York Life may finally get Advent into the cloud and crack the alternatives challenge
Pete Giza
Brooke,
Many firms will either continue with or choose Advent products below the Geneva strata because of loyalty, because it’s safe (“no one gets fired for choosing IBM”) or because of decade(s) of investment in learning how to make Axys do what you want.
I doubt that the SS&C acquisition will impact Axys or APX users much as whether they stay or move on. WealthSite’s data team has seen a significant uptrend in Advent conversions over the past 12 months and we don’t see any signs of it slowing. Contrary to popular opinion it is just not that hard to leave Axys or APX and firms are starting to figure that out.
As you said there is a huge opportunity born in this acquisition and I for one am looking forward to the next 24 months.
Pete
Pete Giza | VP Bus Dev | WealthSite Inc | www.WealthSite.com
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SS&C Technologies
Trading/Rebalancing
Top Executive: Bill Stone
