WINDSOR, Conn. - SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today announced the release of SS&C Blue Prism Next Generation, a new intelligent automation (IA) platform that integrates cloud capabilities with stringent security and compliance standards. This hybrid-based platform is tailored to meet the needs of organizations in highly regulated industries, offering secure and agile cloud automation without compromising sensitive data.
The Next Gen platform is designed to provide organizations with greater scalability, agility, and the latest advancements in IA. It allows for cloud-based operation management while maintaining control over sensitive data through self-hosted digital workers that operate within an organization's network.
The platform's features include a user-friendly Process Design Studio, centralized cloud storage with version control, and a Control Center that streamlines the management and monitoring of digital workers.
Maureen Fleming, AI and Automation Research VP at IDC, highlighted the significance of the platform's cloud management and hybrid execution capabilities, emphasizing its potential to enhance enterprise efficiency in worker management, process scheduling, and automation health monitoring.
SS&C Blue Prism's Next Gen platform addresses the barriers faced by many organizations in adopting cloud-hosted automation services. According to Colin Redbond, SVP Product Management at SS&C Blue Prism, 87% of organizations have increased their investments in cloud automation services in the past year. The Next Gen platform aims to reduce infrastructure costs, adapt swiftly to changing priorities, and scale operations more effectively.
SS&C Technologies, a global provider of services and software to the financial services and healthcare industries, serves over 20,000 organizations worldwide. The company's new IA platform is set to continue its tradition of digitizing operations across various sectors, including financial services, insurance, health and pharma, and banking.
This announcement is based on a press release statement from SS&C Technologies Holdings, Inc.
InvestingPro Insights
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been a consistent performer in the financial technology space, and the latest release of SS&C Blue Prism Next Generation underscores its commitment to innovation. For investors considering SSNC's stock, it's important to look at the company's financial health and market performance. Here are some key insights based on real-time data from InvestingPro:
The company boasts an impressive gross profit margin of 48.51% for the last twelve months as of Q1 2023, indicating efficient management and a strong competitive advantage in its sector. This aligns with the company's strategy of providing high-value services and software to regulated industries. With a market capitalization of $15.94 billion and a reasonable Price/Earnings (P/E) ratio of 25.49, SSNC represents a substantial presence in the market that has managed to grow its revenue by 4.16% over the last twelve months.
Investors should note that SSNC has raised its dividend for 7 consecutive years, showcasing a commitment to returning value to shareholders. This is further supported by the company's ability to maintain dividend payments for 11 consecutive years, which is a testament to its financial stability and prudent management. Moreover, an increase in dividend growth of 20.0% over the last twelve months signals confidence in the company's future earnings potential.
For those looking to delve deeper into the financial metrics and strategic outlook of SSNC, InvestingPro offers additional insights. Currently, there are 9 more InvestingPro Tips available that can provide a more nuanced understanding of SS&C Technologies' performance and prospects. To access these valuable tips, visit https://www.investing.com/pro/SSNC and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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