WINDSOR, Conn., April 15, 2015 /CNW/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of
financial services software and software-enabled services, today
announced that ARMOUR Capital Management LP (ARMOUR) is adopting
SS&C's CAMRA asset management reporting and accounting solution
across its real-estate investment trust (REIT) operations.
ARMOUR, which manages two publicly-traded mortgage REITs –
ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA, ARR PrB), and
JAVELIN Mortgage Investment Corp. (NYSE: JMI), recognized the value
and efficiency gains it could achieve by moving away from a
combination of legacy systems to a more comprehensive investment
accounting and reporting solution hosted by SS&C.
"We were looking for a single, integrated solution that could
handle the accounting and reporting processes across our full range
of investments including all types of residential mortgage-backed
securities," said Mark Gruber, Chief
Operating Officer and Head of Portfolio Management, ARMOUR Capital
Management. "SS&C demonstrated a real understanding of our
needs and the complexities of the REIT market. We are confident
CAMRA will help us achieve efficiencies in the investment
accounting and reporting process and to scale our operations more
easily as we continue to grow our business."
SS&C is delivering CAMRA as a hosted solution to ARMOUR and
will also provide support around the automation of processes and
data management.
"While many mortgage REITs continue to rely on manual processes
and spreadsheets to manage accounting and reporting, ARMOUR is
showing real vision in moving to a solution," said Bill Stone, Chairman and Chief Executive
Officer, SS&C Technologies. "Our dedicated REIT servicing group
looks forward to helping ARMOUR Capital Management derive maximum
benefit."
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software focused exclusively on the
global financial services industry. Founded in 1986, SS&C has
its headquarters in Windsor,
Connecticut and offices around the world. Some 7,000
financial services organizations, from the world's largest
institutions to local firms, manage and account for their
investments using SS&C's products and services. These clients
in the aggregate manage over $26
trillion in assets.
Additional information about SS&C (NASDAQ: SSNC) is
available at www.ssctech.com.
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SOURCE SS&C Technologies