GlobeOp Financial Services takes some of the risk out of risky business. The company provides back-office services such as Web-based trade processing and fund administration to hedge funds, managed accounts, and funds of funds. Its activities include accounting, pricing and valuation, investor reporting, and transfer agency services. Also serving banks, insurance companies, pension funds, corporate treasuries, and family wealth offices, SS&C GlobeOp processes over-the-counter derivatives trades, performs cash and risk management, and provides IT and business continuity services. SS&C Technologies acquired GlobeOp in 2012.
The deal combined SS&C's operations, along with GlobeOps. The combination also includes the PORTIA business, which was acquired by SS&C from Thomson Reuters. The combined company has more than 40 offices in New York, Boston, Chicago, London, Amsterdam, Hong Kong, Kuala Lumpur, Singapore, Sydney, Bangalore, and Mumbai. – less