WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has solidified its ongoing partnership with Omnis Investments Limited, a prominent U.K. asset manager overseeing more than GBP10 billion. The extension of their transfer agency relationship will continue to support Omnis's suite of mutual funds.
Omnis, which operates under The Openwork Partnership with a network of over 4,200 financial advisers, provides a spectrum of fund options and strategies managed by top investment managers. These funds are accessible exclusively through advisers associated with The Openwork Partnership and 2plan wealth management, another notable wealth management firm in the U.K.
Simon Harris, Omnis's Chief Operating Officer, expressed confidence in the enduring collaboration with SS&C, emphasizing a mutual commitment to enhancing client experiences and advancing digital service offerings. Spencer Baum, Managing Director Head of Client Management at SS&C GIDS, also affirmed the company's dedication to delivering high-quality omnichannel servicing and support.
SS&C Technologies, a global entity serving the financial services and healthcare sectors, has been a trusted provider since 1986. The company supports over 20,000 organizations worldwide with its expertise and technology solutions.
The announcement reflects SS&C's continued presence in the asset management industry and its role in facilitating the operations of firms like Omnis Investments. This partnership renewal is based on a press release statement from SS&C Technologies Holdings, Inc.
In other recent news, Western Union (NYSE:WU) Co. reported a solid third quarter in 2024, with revenue reaching $1.040 billion, a 1% adjusted revenue growth. The company's digital transactions saw a significant increase of 15%, and the Consumer Money Transfer segment also experienced a 4% rise in transactions. Western Union is enhancing its digital presence through strategic acquisitions in Singapore and Mexico, progressing well with its Evolve 2025 strategy, targeting a flat to positive 2% revenue growth by 2025.
On another note, SS&C Technologies announced a strong financial performance in its third-quarter earnings call, reporting a record adjusted revenue of $1,466.8 million, marking a 7.3% increase from the previous year, and a 10.3% rise in adjusted diluted earnings per share to $1.29. The company's operating cash flow saw a significant increase of 39%, coming in at $336.6 million for the quarter. SS&C Technologies projects a 4% to 8% organic growth outlook for 2025, with a focus on sales force and product development.
RBC Capital Markets has identified its top five investment ideas for fiscal year 2025, which include Fiserv (NYSE:FI), SS&C Technologies, FIS, PayPal (NASDAQ:PYPL), and Block. These recent developments highlight the companies' commitment to growth and digital expansion.
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