Conseco Embarks on 'Straight-Thru Processing' Initiative Using SS&C Products and Services.Business/Technology Editors WINDSOR, Conn.--(BUSINESS WIRE)--May 30, 2001 SS&C Technologies, Inc. (Nasdaq: SSNC SSNC Swedish Society for Nature Conservation (Stockholm, Sweden) SSNC Signaling System Network Control SSNC Status, Entity Data Not Consistent (Alcatel) ) today announced its long-term client Conseco, Inc., the Carmel, Indiana-based supplier of financial products to Middle America Middle America 1 A region of southern North America comprising Mexico, Central America, and sometimes the West Indies. Middle American adj. & n. , has initiated a comprehensive implementation of SS&C products and services to streamline its investment process to a "Straight-Thru Processing" environment. Incorporating resources from across their organization, Conseco and SS&C's client service and consulting group will work together to improve technology, processes and practices. Both organizations have begun to deploy the latest technology from SS&C, with the goal of delivering more timely and accurate information, and ensuring a tighter coupling of information between the insurance company and its investment subsidiary. "The new Conseco is intent on improving all of its processes. SS&C is engaged with us to ensure we have world class technology and processes for all of our entities," said Chuck Chokel, CFO See Chief Financial Officer. at Conseco. "We look forward to being the leader in STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. and T+1." "Working with a leader like the new Conseco truly drives SS&C's systems and processes," said William C. Stone, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at SS&C. "We look forward to continuing in this role with Conseco, and together seeing improvements in underlying technologies and processes." About Conseco Headquartered in Carmel, Ind., Conseco is one of middle-America's leading sources for insurance, investment and lending products. Through its subsidiaries and a nationwide network of distributors, Conseco helps 13 million customers step up to a better, more secure future. About SS&C Technologies With offices in the US, Canada, Europe and Asia, SS&C is a leading provider of financial software solutions, services and expertise to asset managers world-wide. Its diverse products and services are used by a large cross section of investment institutions who deploy its trading, accounting, reporting and analysis solutions and ASP services. Client companies manage, in aggregate, more than $3 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. in assets. SS&C is publicly traded on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "SSNC". Additional Company information is available at www.ssctech.com. |
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