Business & Tech
SS&C Gains 1,400 Clients with Software Purchase
The Windsor company recently purchased background and credit-check assets of Teledata Communications, Inc.
Windsor-based (SSNC) announced Tuesday that it purchased background-check and credit-retrieval assets of Teledata Communications, Inc (TCI), a New York company that is a leader in loan and background check software.
According to a statement released by SS&C, "the acquisition adds more than 1,400 customers to SS&C’s client base, with firms ranging from financial institutions to real-estate property management companies."
TCI's software, the statement added, is used by companies throughout the U.S. to conduct background checks, employment screenings, and tenant screenings.
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"Adding TCI’s software to our product mix is an important step for us as we continue to offer a broader range of integrated solutions for loan, risk, and identity screening tools,” said SS&C CEO Bill Stone an a statement.
The purchase puts a cap on what has been a positive year for the Windsor company. .
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