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In addition to software, SS&C also provides accounting outsourcing to outside firms.
Software industry as a whole is maturing and growth is slowing. Software/services one of the largest vertical markets with 62.3 predicted revenues in next year. Financial services industry typically invests more heavily in software since the IT departments in these companies often can't totally handle specialized asset classes and niches that this software is designed to handle. Financial services projected to spend $83 billion on IT in 2004 with $62 billion on software alone. Technology spending in financial services market driven by the growth in the underlying assets, transaction volumes and complexity of securities...
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