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SS&C Technologies Holdings Files For IPO Of Up To $300 Mln

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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SS&C Technologies Holdings, Inc., a provider of software software-enabled services, filed a registration statement with the U.S. Securities and Exchange Commission with respect to its initial public offering of up to $300 million of common stock.

The Windsor, Connecticut-based company did not disclose details about how many shares it intends to offer, its price range and in which stock exchange it plans to list its common stock.

The company said it plans to use this offering proceeds to redeem all or a portion of outstanding 11 3/4% senior subordinated notes due 2013, for working capital and other general corporate purposes, including potential acquisitions.

For the nine months ended September 30, 2009, the company posted net income of $12.9 million and total revenues of $199.87 million, compared to $12.3 million and $211.7 million, respectively, in the same period of 2008.

According to the regulatory filing, investment funds affiliated with private equity firm The Carlyle Group is the principal stockholder of the company.

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