<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                   FORM 10-Q


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934

                 For the quarterly period ended June 30, 1999

                                      OR

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
                                  ACT OF 1934

 For the transition period from _______________________ to __________________

                       Commission File Number 000-28430

                            SS&C TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)

            DELAWARE                                     06-1169696
 (State or other jurisdiction of            (I.R.S. Employer identification No.)
  incorporation or organization)

                               80 Lamberton Road
                               Windsor, CT 06095
         (Address of principal executive offices, including zip code)

                                 860-298-4500
             (Registrant's telephone number, including area code)


     Indicate by check mark whether the Registrant: (1) has filed all reports
     required to be filed by Section 13 or 15(d) of the Securities Exchange Act
     of 1934 during the preceding 12 months (or for such shorter period that the
     Registrant was required to file such reports), and (2) has been subject to
     such filing requirements for the past 90 days.

     Yes X     No
        ---       ---

     Number of shares outstanding of the issuer's classes of common stock as of
     July 26, 1999:


             Class                                Number of Shares Outstanding
             -----                                ----------------------------
Common Stock, par value $.01 per share                     15,643,782


                                     Page 1
<PAGE>

                            SS&C TECHNOLOGIES, INC.

                                     INDEX
<TABLE>
<CAPTION>
                                                                     Page Number
                                                                     -----------
<S>                                                                  <C>
        PART I    FINANCIAL INFORMATION

        Item 1.   Financial Statements

                  Consolidated Balance Sheets at
                  December 31, 1998 and June 30, 1999                       3

                  Consolidated Condensed Statements of Operations for
                  the three-and six-month periods ended June 30,
                  1999 and 1998                                             4

                  Consolidated Condensed Statements of Cash Flows for
                  the six-month periods ended June 30, 1999 and 1998        5

                  Notes to Consolidated Financial
                  Statements                                                6

        Item 2.   Management's Discussion and Analysis of Financial
                  Condition and Results of Operations                       9

        Item 3.   Quantitative and Qualitative Disclosures About Market
                  Risk                                                     14

       PART II.   OTHER INFORMATION


        Item 1.   Legal Proceedings                                        16

        Item 2.   Changes in Securities and Use of Proceeds                16

        Item 4.   Submission of Matters to a Vote of Security Holders      16

        Item 6.   Exhibits and Reports on Form 8-K                         17

     SIGNATURE                                                             18

     EXHIBIT INDEX                                                         19
</TABLE>

     This Quarterly Report on Form 10-Q contains forward-looking statements
     within the meaning of Section 27A of the Securities Act of 1933, as
     amended, and Section 21E of the Securities Exchange Act of 1934, as
     amended. For this purpose, any statements contained herein that are not
     statements of historical fact may be deemed to be forward-looking
     statements. Without limiting the foregoing, the words "believes,"
     "anticipates," "plans," "expects" and similar expressions are intended to
     identify forward-looking statements. The important factors discussed below
     under the caption "Certain Factors That May Affect Future Operating
     Results," among others, could cause actual results to differ materially
     from those indicated by forward-looking statements made herein and
     presented elsewhere by management from time to time.

                                     Page 2
<PAGE>

     Part I. FINANCIAL INFORMATION

     Item 1. Financial Statements

                            SS&C TECHNOLOGIES, INC.
                               AND SUBSIDIARIES
                     CONSOLIDATED CONDENSED BALANCE SHEETS
                                (in thousands)
<TABLE>
<CAPTION>
                                                                                  (unaudited)
                                                                                    June 30,              Dec. 31,
                                                                                      1999                  1998
                                                                               -------------------    -----------------
<S>                                                                            <C>                    <C>
         ASSETS
         Current assets:
             Cash and cash equivalents                                                $    17,575           $   13,047
             Restricted cash                                                                    -                1,230
             Investments in marketable securities                                          44,599               42,263
             Accounts receivable, net                                                      19,234               24,441
             Note receivable                                                                    -                2,250
             Prepaid expenses and other current assets                                      1,613                1,709
             Deferred income taxes                                                            586                  434
                                                                               ------------------    -----------------
         Total current assets                                                              83,607               85,374
                                                                               ------------------    -----------------
         Property and equipment:
         Land                                                                                 106                  106
             Building and leasehold improvements                                            3,161                2,748
             Equipment, furniture and fixtures                                             12,493               10,740
                                                                               ------------------     ----------------
                                                                                           15,760               13,594
             Less accumulated depreciation                                                 (6,924)              (5,806)
                                                                                ------------------     ----------------
         Net property and equipment                                                         8,836                7,788
                                                                                ------------------     ----------------

              Accounts receivable                                                             408                  549
              Deferred income taxes                                                         6,230                6,266
              Goodwill, net                                                                   509                  722
              Intangible and other assets, net                                              2,929                4,615
                                                                                ------------------     ----------------

         Total assets                                                                 $   102,519           $  105,314
                                                                                ==================     ================
         LIABILITIES AND STOCKHOLDERS' EQUITY
         Current liabilities:
             Current portion of long-term debt                                        $       131           $      171
             Accounts payable                                                               1,667                2,124
             Taxes payable                                                                      -                1,059
             Accrued employee compensation and benefits                                     1,934                6,941
             Other accrued expenses                                                         1,718                2,492
             Accrued litigation settlement costs                                            9,330                    -
             Deferred maintenance and other revenues                                       15,263               13,301
                                                                                ------------------     ----------------
         Total current liabilities                                                         30,043               26,088

             Long-term debt                                                                   140                  303
                                                                                ------------------     ----------------
         Total liabilities                                                                 30,183               26,391
                                                                                ------------------     ----------------
         Stockholders' equity:
             Common stock                                                                     157                  153
             Additional paid-in capital                                                    85,543               81,509
             Cumulative translation adjustment                                               (366)                (121)
             Accumulated deficit                                                          (12,998)              (2,618)
                                                                                ------------------     ----------------
         Total stockholders' equity                                                        72,336               78,923
                                                                                ------------------     ----------------
         Total liabilities and stockholders' equity                                   $   102,519           $  105,314
                                                                                ==================     ================
</TABLE>
          See accompanying notes to Consolidated Financial Statements.

                                     Page 3
<PAGE>

                            SS&C TECHNOLOGIES, INC.
                               AND SUBSIDIARIES
                CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                                  (unaudited)
                     (in thousands, except per share data)
<TABLE>
<CAPTION>
                                                                  Three Months Ended                       Six Months Ended
                                                         -------------------------------------    ----------------------------------
                                                            June 30,            June 30,             June 30,          June 30,
                                                              1999                1998                 1999              1998
                                                         ----------------    ----------------     ----------------  ----------------
<S>                                                      <C>                 <C>                  <C>               <C>
      Revenues:
        Software licenses                                      $   4,383           $   8,986           $   12,389        $   14,922
        Maintenance and other recurring revenue                    6,932               6,050               13,615            10,203
        Professional services                                      5,306               4,031               10,064             6,510
                                                         ----------------    ----------------     ----------------  ----------------
           Total revenues                                         16,621              19,067               36,068            31,635
                                                         ----------------    ----------------     ----------------  ----------------
      Cost of revenues:
        Software licenses                                          1,078               1,026                2,090             1,455
        Maintenance and other recurring revenue                    2,521               2,276                4,754             3,713
        Professional services                                      3,879               2,893                7,250             4,642
                                                         ----------------    ----------------     ----------------  ----------------
           Total cost of revenues                                  7,478               6,195               14,094             9,810
                                                         ----------------    ----------------     ----------------  ----------------
      Gross profit                                                 9,143              12,872               21,974            21,825
                                                         ----------------    ----------------     ----------------  ----------------
      Operating expenses:
        Selling and marketing                                      4,474               3,277                8,989             6,823
        Research and development                                   5,445               5,806               10,340             9,295
        General and administrative                                 3,193               2,907                5,487             4,498
        Write-off of purchased in-process
           research and development                                    -                 491                    -             5,878
        Litigation settlement costs (Note 3)                       9,330                   -                9,330                 -
                                                         ----------------    ----------------     ----------------  ----------------
           Total operating expenses                               22,442              12,481               34,146            26,494
                                                         ----------------    ----------------     ----------------  ----------------
      Operating income (loss)                                    (13,299)                391              (12,172)           (4,669)

      Interest income, net                                           530                 490                1,094             1,080
      Other income                                                    95                  22                  378                86
                                                         ----------------    ----------------     ----------------  ----------------

      Income (loss) before income taxes                          (12,674)                903              (10,700)           (3,503)
      Provision (benefit) for income taxes                          (836)                436                 (344)           (1,045)
                                                         ================    ================     ================  ================
      Net income (loss)                                       $  (11,838)          $     467           $  (10,356)       $   (2,458)
                                                         ================    ================     ================  ================

      Basic earnings (loss) per share                         $     (0.76)         $    0.03           $    (0.67)       $    (0.17)
                                                         ================    ================     ================  ================
      Basic weighted average number of common
      shares outstanding                                          15,627              15,000               15,503            14,703
                                                         ================    ================     ================  ================
      Diluted earnings (loss) per share                       $    (0.76)          $    0.03           $    (0.67)       $   ( 0.17)
                                                         ================    ================     ================  ================

      Diluted weighted average number of  common
      and common equivalent shares outstanding                    15,627              16,234               15,503            14,703
                                                         ================    ================     ================  ================
</TABLE>
         See accompanying notes to Consolidated Financial Statements.

                                     Page 4
<PAGE>

                   SS&C TECHNOLOGIES, INC. AND SUBSIDIARIES
                CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                                (in thousands)
                                  (unaudited)
<TABLE>
<CAPTION>

                                                                                          Six months ended
                                                                                   June 30,               June 30,
                                                                                     1999                   1998
                                                                               ------------------     -----------------
<S>                                                                            <C>                    <C>
        Cash flows from operating activities:
               Net loss                                                                $ (10,356)             $ (2,458)
                                                                                ------------------     -----------------
        Adjustments to reconcile net loss to net cash provided by (used in)
        operating activities:
                Depreciation and amortization                                              3.089                 2,583
                Non-cash adjustment related to litigation settlement                       1,300                     -
                Deferred income taxes                                                       (116)               (2,172)
                Purchased in-process research and development                                  -                 5,878
                Provision for doubtful accounts                                            1,601                 1,315
                Changes in operating assets and liabilities, excluding effects
                from acquisitions:
                     Accounts receivable                                                   3,525                (3,051)
                     Prepaid expenses and other current assets                               174                (1,351)
                     Accrued litigation settlement costs                                   8,030
                                                                                                                     -
                     Accounts payable                                                       (542)                 (926)
                     Accrued expenses                                                     (2,737)               (1,667)
                     Taxes payable                                                        (1,059)                  679
                     Deferred maintenance and other revenues                               1,962                  (634)
                                                                               ------------------     -----------------
                            Total adjustments                                             15,227                   654
                                                                               ------------------     -----------------
                                                                               ------------------     -----------------
               Net cash provided by (used in) operating activities                         4,871                (1,804)
                                                                               ------------------     -----------------
        Cash flow from investing activities:
               Additions to property and equipment                                        (2,150)               (3,631)
               Acquisition of Quantra, net of cash received                                    -                (5,260)
               Additions to capitalized software and other intangibles                       (88)               (2,230)
               Proceeds from note receivable                                               2,250                     -
               Purchases of marketable securities                                         (8,700)              (37,700)
               Sales of marketable securities                                              6,364                37,109
                                                                               ------------------     -----------------
                                                                               ------------------     -----------------
               Net cash used by investing activities                                      (2,324)              (11,712)
                                                                               ------------------     -----------------
        Cash flows from financing activities
               Repayment of debt                                                            (227)                 (620)
               Proceeds from note payable                                                                          475
                                                                                               -
               Issuance of common stock                                                      446                   168
               Exercise of options                                                           532                 1,282
               Transfer of cash from restricted cash equivalents                           1,230
                                                                               ------------------     -----------------

               Net cash provided by financing activities                                   1,981                 1,305

        Net increase (decrease) in cash and cash equivalents                               4,528               (12,211)
        Cash and cash equivalents, beginning of period                                    13,047                23,685
                                                                               ------------------     -----------------
        Cash and cash equivalents, end of period                                        $ 17,575              $ 11,474
                                                                               ==================     =================

</TABLE>

         Supplemental disclosure of non-cash investing activities:

               As more fully described in Note 3, effective March 20, 1998, the
           Company purchased substantially all the assets of Quantra
           Corporation for $15.3 million.
               As more fully described in Note 3, effective March 11, 1999, the
           Company acquired in a pooling all the outstanding stock of
           HedgeWare, Inc. for 685,683 shares of the Company's Common Stock.

         See accompanying notes to Consolidated Financial Statements.

                                     Page 5
<PAGE>

                    SS&C TECHNOLOGIES, INC. AND SUBSIDIARIES
              Notes to Consolidated Condensed Financial Statements
                                   (unaudited)

       1. Summary of Significant Accounting Policies:

       Basis of Presentation

       In the opinion of the Company, the accompanying unaudited consolidated
       condensed financial statements contain all adjustments (consisting of
       only normal recurring adjustments, except as noted elsewhere in the notes
       to the consolidated condensed financial statements) necessary to present
       fairly its financial position as of June 30, 1999 and the results of its
       operations for the three and six months ended June 30, 1999 and 1998.
       These statements are condensed and therefore do not include all of the
       information and footnotes required by generally accepted accounting
       principles for complete financial statements. The statements should be
       read in conjunction with the consolidated financial statements and
       footnotes as of and for the year ended December 31, 1998 included in the
       Company's Form 10-K filed with the Securities and Exchange Commission.
       The December 31, 1998 consolidated condensed balance sheet data were
       derived from audited financial statements, but do not include all
       disclosures required by generally accepted accounting principles. The
       results of operations for the three and six months ended June 30, 1999
       are not necessarily indicative of the results to be expected for the full
       year.

       Basic and Diluted Earnings Per Share

       Earnings per share is calculated in accordance with Statement of
       Financial Accounting Standards No. 128, "Earnings Per Share". Basic
       earnings per share includes no dilution and is computed by dividing
       income available to common stockholders by the weighted average number of
       common shares outstanding for the period. Diluted earnings per share is
       computed by dividing net income by the weighted average number of common
       and common equivalent shares outstanding during the period. Common
       equivalent shares consist of stock options using the treasury stock
       method. Common equivalent shares are excluded from the computation if
       their effect is antidilutive. Outstanding options to purchase 3.0 million
       and 1.2 million shares at June 30, 1999 and 1998, respectively, were not
       included in the computation of diluted earnings per share because the
       effect of including the options would be antidilutive. Income available
       to stockholders is the same for basic and diluted earnings per share. A
       reconciliation of the shares outstanding is as follows (in thousands):

<TABLE>
<CAPTION>

                                                      Three Months Ended June 30,               Six Months Ended June 30,
                                                        1999              1998                1999                1998
                                                  ---------------    ----------------    ----------------    ----------------
     <S>                                          <C>                <C>                 <C>                 <C>
       Basic weighted average shares
       Outstanding                                     15,627             15,000              15,503              14,703
       Weighted average common stock
       Equivalents-options                                                 1,234
                                                  ---------------    ----------------    ----------------    ----------------
       Diluted weighted average shares
       Outstanding                                     15,627             16,234              15,503              14,703

</TABLE>

       Comprehensive Income (Loss )

       Statement of Financial Accounting Standards No. 130, "Reporting
       Comprehensive Income" ("SFAS No. 130") requires that items defined as
       comprehensive income, such as foreign currency translation adjustments,
       be separately classified in the financial statements and that the
       accumulated balance of other comprehensive income be reported separately
       from retained earnings and additional paid-in capital in the equity
       section of the balance sheet. There were no material differences between
       net income (loss) and comprehensive income (loss) for the three and six
       months ended June 30, 1998 and 1999.

       Reclassification of prior periods statement of operations

       As a result of continued efforts to refine cost allocations and
       methodologies, certain prior period costs have been reclassified to be
       consistent with the current period.


       2. Related Party Transactions:

       Aegon USA Realty Advisors, Inc. ("Aegon") is the parent company of QSC
       Holding Inc. (formerly known as Quantra Corporation), which sold
       substantially all of its assets to the Company in March 1998. The
       president of Aegon also retains a

                                     Page 6
<PAGE>

       seat on the board of directors of the Company. During the quarter ended
       March 1999 Aegon licensed certain of the Company's products for $1.68
       million. This amount was paid in full during the quarter ended March
       31, 1999.

       3. Commitments and Contingencies:

       On March 18, 1997 and April 8, 1997, two separate purported class action
       lawsuits ("Complaints") were filed against the Company, certain of its
       officers and the two leading managers of the Company's initial public
       offering. On July 8, 1997, a Consolidated Amended Class Action Complaint
       was filed in the United States District Court for the District of
       Connecticut in which the Complaints were consolidated and amended.

       On May 7, 1999, the Company announced that it had entered into an
       agreement that provides for the settlement of the consolidated securities
       class action lawsuit pending against the Company. The settlement provides
       that all claims against the Company, certain of its officers and
       directors and underwriters will be dismissed. Under the terms of the
       settlement, in exchange for the dismissal and release of all claims, the
       Company will pay to the class $7.5 million in cash, together with shares
       of Common Stock of the Company valued at $1.3 million. The Company
       recorded a charge for the settlement of approximately $9.3 million,
       including legal fees, in the quarter ended June 30, 1999. The settlement
       is subject to certain customary conditions, including notice to the class
       and approval by the Court.

       4. Acquisitions:

       On March 20, 1998, the Company completed its acquisition (the "Quantra
       Acquisition") of substantially all of the assets of Quantra Corporation
       ("Quantra") pursuant to an Asset Purchase Agreement, dated as of March
       20, 1998, among the Company, Quantra and AEGON USA Realty Advisors, Inc.,
       the sole stockholder of Quantra. The purchase price for the Quantra
       Acquisition consisted of 546,019 unregistered shares of the Company's
       Common Stock valued at $8.8 million, $2.3 million in cash and the
       assumption of certain liabilities of Quantra of $4.1 million, plus the
       costs of effecting the transaction. The Company and Quantra also entered
       into an Escrow Agreement pursuant to which an additional $1.2 million was
       held in escrow to reimburse the Company in connection with certain
       acquisition costs and the breaches of representations, warranties and
       covenants, if any, by Quantra. During the second quarter of 1999, the
       escrow balance was released in accordance with the acquisition agreement.

       The Quantra Acquisition was accounted for as a purchase and, accordingly,
       the net assets and results of operations of Quantra have been included in
       the consolidated condensed financial statements from the acquisition
       date. The purchase price was allocated to tangible and intangible assets
       based on their fair market value on the date of the acquisition.

       The following summarizes the allocation of the purchase price of the
       Quantra Acquisition (in thousands):


        Accounts receivable                  $ 4,145
        Equipment and furniture                  425
        Other assets                              63
        Complete technology                    5,271
        Incomplete technology                  5,387
                                               -----

        Total purchase price                 $15,291
                                             =======


       On April 9, 1998, the Company completed its acquisition (the "Savid
       Acquisition") of the outstanding shares of Savid International Inc. and
       The Savid Group, Inc. (together "Savid") pursuant to a Stock Purchase
       Agreement, dated as of April 9, 1998, between the Company, Savid and the
       sole stockholder ("Stockholder") of Savid. The purchase price of the
       Savid Acquisition consisted of $739,000 in cash, net of cash received,
       and the assumption of certain liabilities of Savid of $118,000, plus the
       costs of effecting the transaction. A further cash payment of $750,000
       shall be paid as additional consideration provided that the aggregate
       revenues for the period from and including April 15, 1998 through and
       including April 14, 2001 are greater than or equal to $3,000,000. The
       Company shall pay to the Stockholder an aggregate of 10% of the license
       fees with respect to sales and/or licensing of the Savid product during
       the period commencing on April 15, 1998 and ending on April 14, 2003. The
       results of operations of Savid prior to the acquisition were immaterial.

       The Savid Acquisition was accounted for as a purchase and, accordingly,
       the net assets and results of operations of Savid have been included in
       the consolidated condensed financial statements from the acquisition
       date. The purchase price was allocated to tangible and intangible assets
       based on their fair market value on the date of the acquisition.

       The following summarizes the allocation of the purchase price for the
       Savid Acquisition (in thousands):

                                     Page 7
<PAGE>

        Accounts receivable                 $ 30
        Equipment and furniture                4
        Complete technology                  336
        Incomplete technology                491
                                             ---

        Total purchase price                $861
                                            ====


       For the Quantra and Savid Acquisitions, the allocation to complete
       technology is based on future risk-adjusted cash flows. Complete
       technology has been capitalized and included in intangible assets in the
       accompanying consolidated condensed balance sheets. Complete technology
       will be amortized over two to four years based on the ratio that current
       gross revenues of the products bear to the total of current and
       anticipated future gross revenues of the products or the straight
       line-method, whichever is shorter. The allocation to incomplete
       technology is also based on future risk-adjusted cash flows and has been
       expensed in 1998, in accordance with generally accepted accounting
       principles. The incomplete technology had not achieved technological
       feasibility and had no alternative uses.

       For the Quantra and Savid Acquisitions, the Company developed revenue
       projections over a five-to-six year period in three categories: license,
       maintenance and consulting. License revenue projections were based on
       expected unit sales over the projected lives of the respective product
       lines. The other categories of revenues were generally estimated as a
       percentage of total license revenues and ranged from 15% to 20% for
       maintenance and from 10% to 30% for consulting, depending on the product.
       Savid consulting revenues were projected to be insignificant. Expense
       assumptions were based on the imposition of the Company's cost structure
       on the acquired technologies and products. The discount rates for the
       Quantra in-process research and development projects were 23% and 28%;
       the discount rate for the Savid in-process research and development
       projects was 20%.

       The unaudited pro forma condensed consolidated results of operations
       presented below for the three months ended March 31, 1998, assumes the
       Quantra Acquisition occurred at the beginning of the period (in
       thousands):

                 Total revenues                                $14,295
                 Net loss                                       (2,764)
                 Basic loss per share                             (.19)
                 Diluted loss per share                           (.19)


       These pro forma results are not necessarily indicative of results of
       operations that would have actually occurred had the acquisition taken
       place at the beginning of the period, or of future operations of the
       combined companies.


       On March 11, 1999, the Company acquired all of the outstanding stock of
       HedgeWare, Inc. ("HedgeWare"), a provider of portfolio, financial,
       partnership and tax accounting software and service support to hedge fund
       managers and traders, for 685,683 shares of Common Stock of the Company
       in a business combination accounted for as a pooling-of-interests.
       Accordingly, the financial statements for all periods prior to the
       combination have been restated to reflect the combined operations. The
       Company, HedgeWare and the former stockholders of HedgeWare have entered
       into an Escrow Agreement providing, among other things, that 89,139
       shares of Common Stock will be held in escrow to reimburse the Company in
       connection with breaches of representations, warranties or covenants, if
       any, as well as potential rental obligations and sales tax liabilities of
       HedgeWare. The results of operations presented below for the quarter
       ended June 30, 1998 and the six months ended June 30, 1998 and 1999
       present the Company and HedgeWare as stand-alone entities. There were no
       intercompany transactions and no adjustments to net assets of the
       combining companies to adopt the same accounting practices.

                                     Page 8
<PAGE>

<TABLE>
<CAPTION>
                                                                                       (in thousands)

                                                                                                           Total
                                                                     Company           HedgeWare          Company
                                                                  -------------      -------------     --------------
<S>                                                              <C>                 <C>                <C>
       For the three months ended June 30, 1998:
       Revenues                                                    $  18,119           $   948            $ 19,067
       Net income (loss)                                                 834              (367)                467

       For the six months ended June 30, 1998:
       Revenue                                                     $  29,647           $ 1,988            $ 31,635
       Net income (loss)                                              (1,822)             (636)             (2,458)

       For the six months ended June 30, 1999:
       Revenue                                                     $  33,399           $ 2,669            $ 36,068
       Net income (loss)                                             (11,752)            1,396             (10,356)

</TABLE>


       HedgeWare had elected to be treated as a Subchapter S Corporation for
       income tax purposes and, as such, income taxes are provided from March
       11, 1999 for HedgeWare's results of operations.

       During the quarter ended March 31, 1999, the Company issued stock valued
       at $3.1 million in satisfaction of certain shareholder and
       employee-related accrued expenses of Hedgeware that existed as of the
       effective date of the merger.

       On March 31, 1999, the Company acquired all of the outstanding stock of
       The Brookside Corporation, a Rhode Island corporation ("Brookside"),
       pursuant to a Stock Purchase Agreement, dated as of March 31, 1999 (the
       "Purchase Agreement"), by and among the Company, Brookside, and John M.
       Boyle (the "Stockholder"). Pursuant to the Purchase Agreement, all of the
       outstanding shares of common stock of Brookside held by the Stockholder
       were exchanged for an aggregate of 27,600 shares of Common Stock of the
       Company. The consolidated results of operations for the three and six
       months ended June 30, 1999 include the results of operations of Brookside
       from the beginning of the respective periods. The consolidated financial
       statements for prior periods have not been restated since the impact of
       such restatement would not be material.



       ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
               RESULTS OF OPERATIONS

       THREE MONTHS AND SIX MONTHS ENDED JUNE 30, 1999 and 1998

       RESULTS OF OPERATIONS

       Revenues

         The Company's revenues are derived from software licenses and related
       maintenance and professional services. Total revenues for the three and
       six months ended June 30, 1999 were $16.6 million and $36.1 million,
       respectively, representing a decrease of 13% and an increase of 14% from
       the $19.1 million and $31.6 million, respectively, reported for the
       comparable periods of the prior year.

         Software Licenses. Software license revenues for the three and six
       months ended June 30, 1999 were $4.4 million and $12.4 million,
       respectively, representing decreases of 51% and 17% over the $9.0 million
       and $14.9 million, respectively, in the comparable periods of the prior
       year. The decrease in license revenues for the three months ended June
       30, 1999 was primarily the result of lower CAMRA sales offset slightly by
       an increase in Advisorware sales. The decrease for the six months ended
       June 30, 1999 was also due to lower CAMRA sales compared to the prior
       period, offset by increases in the Advisorware and LMS 2000 product
       lines. A large percentage of lower license revenue was due to customer
       deferral of purchases while resolving their Y2K issues, as well as the
       Company's sales execution and staffing requirements.


         Maintenance and Other Recurring Revenues. Maintenance and other
       recurring revenues for the three and six months ended June 30, 1999 were
       $6.9 million and $13.6 million, respectively, representing increases of
       15% and 33% from the $6.1 million and $10.2 million, respectively, in the
       comparable periods of the prior year. The increase for both periods was
       primarily due to growth in the Company's installed base of clients
       requiring maintenance services.

       Professional Services. Professional services revenues for the three and
       six months ended June 30, 1999 were $5.3 million and $10.1 million,
       respectively, representing increases of 32% and 55% from the $4.0 million
       and $6.5 million, respectively, in the

                                     Page 9
<PAGE>

       comparable periods of the prior year. The increase in the professional
       services revenue was primarily attributable to increases in
       implementation, conversion and training services as a result of higher
       license revenue from the quarter ended December 1998 and March 31, 1999.


       Cost of Revenues

        Total cost of revenues for the three and six months ended June 30, 1999
       were $7.5 million and $14.1 million, respectively, representing increases
       of 21% and 44% from $6.2 million and $9.8 million, respectively, in the
       comparable periods of the prior year. The gross margin decreased from 68%
       and 69% for the three and six months ended June 30, 1998 to 55% and 61%
       for the three and six months ended June 30, 1999, primarily due to
       reductions in license revenue and increases in professional services
       revenues which have lower margins.

         Cost of Software Licenses. Cost of software license revenues relates
       primarily to royalties, the costs of product media, packaging,
       documentation and labor involved in the distribution of the Company's
       software as well as amortization of completed technology. The cost of
       software licenses for the three months ended June 30, 1999 and 1998
       remained approximately constant while increasing during the six months
       ended June 30, 1999 compared to the comparable period in 1998. The
       increase in these costs was due primarily to the amortization of
       completed technology related to the Quantra and Savid acquisitions.

         Cost of Maintenance and Other Recurring Revenue. Cost of maintenance
       and other recurring revenue primarily consists of technical customer
       support and development costs associated with product and regulatory
       updates. The cost of maintenance and other recurring revenue increased
       for the three and six months ended June 30, 1999 by 11% and 28%
       respectively, from the comparable periods of the prior year. The change
       was primarily due to increased headcount for the infrastructure to
       support the expanded installed client base.

         Cost of Professional Services. Cost of professional service revenues
       consists primarily of the cost related to personnel utilized to provide
       implementation, conversion and training services to the Company's
       software licensees, as well as custom programming, system integration and
       actuarial consulting services. The cost of professional services revenues
       were $3.9 million and $7.3 million respectively for the three and six
       months ended June 30, 1999, respectively, representing increases 34% and
       56% over the comparable periods of the prior year. The cost of
       professional services revenues as a percentage of revenues remained
       approximately the same. The increase in the cost of professional services
       was primarily attributable to the addition of personnel required to
       support the corresponding increase in implementation, conversion and
       training services. Operating Expenses

         Selling and Marketing. Selling and marketing expenses consist primarily
       of the cost of personnel associated with the selling and marketing of the
       Company's products, including salaries, commissions, and travel and
       entertainment. These expenses also include the cost of branch sales
       offices, advertising, trade shows, marketing and promotional materials.
       These expenses were $4.5 million and $9.0 million respectively for the
       three and six months ended June 30, 1999, respectively, representing
       increases of 37% and 32% over the corresponding periods of last year. The
       increase was largely attributable to costs associated with the hiring of
       additional sales and marketing personnel, and the expansion of
       international operations into Japan and Australia, including a dedicated
       international sales and marketing operation.

         Research and Development. Research and development expenses consist
       primarily of personnel costs attributable to the development of new
       software products and the enhancement of existing products. Research and
       development expenses as a percentage of total revenues, for the three and
       six months ended June 30, 1999 were 33% and 29%, respectively, as
       compared with 30% and 29%, respectively, in the comparable periods of
       1998. For the three and six months ended June 30, 1999, these expenses
       decreased by 6% to $5.4 million and increased 11% to $10.3 million,
       respectively. The dollar increase for the six months ended June 30, 1999
       over the comparable period last year was due to the hiring of additional
       personnel. The decrease for the three months ended June 30, 1998 over the
       comparable period in 1998 was primarily due to a reduction in contracted
       employees. The Company believes that due to the sophistication of its
       products, research and development spending should remain at these
       levels.

         General and Administrative. General and administrative expenses
       primarily comprise personnel costs related to management, accounting,
       human resources and administration and associated overhead costs, as well
       as fees for professional services. General and administrative cost as a
       percentage of total revenues, for the three and six months ended June 30,
       1999 were 19% and 15%, respectively, as compared with 15% and 14%,
       respectively, in the comparable periods of the prior year. For the three
       and six months ended June 30, 1999, general and administrative expenses
       increased by 10% to $3.2 million and by 22% to $5.5 million,
       respectively, from $2.9 million and $4.5 million, respectively, in the
       comparable periods of 1998. The dollar increase for the six months ended
       June 30, 1999 primarily relates to an increase in the allowance for
       doubtful accounts offset slightly by professional fees and other general
       expenses.

                                    Page 10
<PAGE>

         Write-off of Purchased In-Process Research and Development. In the
       first quarter of 1998, the Company expensed $5.4 million of purchased
       in-process research and development associated with the Quantra products
       acquired in March 1998. In the second quarter of 1998, the Company
       expensed $0.5 million of purchased in-process research and development
       associated with the Savid products acquired in April 1998. Because these
       products had not yet reached technological feasibility at the time of the
       respective acquisitions and, in the Company's judgment, there was no
       alternative use for the related research and development, such in-process
       research and development was charged to expense.

         Interest income and income taxes. Interest income remained relatively
       constant between quarters and on a year to date basis. The effective tax
       rate for the three and six months ended June 30, 1999 is significantly
       lower than the comparable periods of last year due to the fact that no
       tax effect was given to the litigation settlement costs. The Company has
       not recorded a tax benefit in the second quarter for the settlement
       expense, since it is not determinable at this time. A tax benefit may be
       recorded in future quarters when the accounting of the class participants
       is finalized.

         Litigation settlement costs/other. On May 7, 1999, the Company
       announced that it had entered into an agreement that provides for the
       settlement of the consolidated securities class action lawsuit pending
       against the Company. The settlement provides that all claims against the
       Company, certain of its officers and directors and underwriters will be
       dismissed. Under the terms of the settlement, in exchange for the
       dismissal and release of all claims, the Company will pay to the class
       $7.5 million in cash, together with shares of Common Stock of the Company
       valued at $1.3 million. The Company recorded a charge of $9.3 million,
       including legal fees, in the quarter ending June 30, 1999. The settlement
       is subject to certain customary conditions, including notice to the class
       and approval by the Court.


       LIQUIDITY AND CAPITAL RESOURCES

         Cash, cash equivalents and marketable securities totaled $62.2 million
       at June 30, 1999 compared with $56.5 million at December 31, 1998. The
       increase in cash and cash equivalents was primarily due to cash provided
       from operating activities. Although net income was lower in the first six
       months of 1999 compared to the first six months of 1998, net cash
       provided by operating activities improved by $6.7 million. The increase
       was primarily due to a reduction in accounts receivable, the increase in
       the accrued litigation costs and an increase in deferred maintenance and
       other revenues. These items were offset by a decrease in taxes payable.
       The accounts receivable decreased by $3.5 million in the first six months
       of 1999 compared to an increase of $3.1 million in the first six months
       of 1998. The accrued litigation costs of $9.3 million are expected to be
       paid in the third quarter of 1999.

         Net cash used by investing activities was $2.3 million in the six
       months ended June 30, 1998 compared to $11.7 million in the comparable
       period of 1998. The decrease was primarily due to the acquisition of
       Quantra in the first six months of 1998 compared to no acquisition
       investing activities in the same period in 1999 and the payment of the
       note receivable associated with the Caminus Energy Ventures, LLC
       transaction. In addition, acquisition of property and equipment and
       capitalized software was lower in the six months ended June 30, 1999 than
       the comparable period in 1998.

         Net cash provided from financing activities was $2.0 million in the six
       months ended June 30, 1999 compared to $1.3 million in the comparable
       period of 1998. Cash provided by financing activities consisted mainly of
       the proceeds from the exercise of stock options, the issuance of stock
       for the Employee Stock Purchase Plan and the release of escrowed funds
       associated with the Quantra acquisition offset by the repayment of debt.

         The Company believes that its current cash, cash equivalents,
       marketable securities and net cash provided by operating activities will
       be sufficient to meet its working capital including the anticipated
       payment of the litigation settlement and capital expenditure requirements
       for at least for the next 12 months.


       Year 2000

         Year 2000 Compliance. The information presented below related to year
       2000 compliance contains forward-looking statements that are subject to
       risks and uncertainties. The Company's actual results may differ
       significantly from the results discussed below and elsewhere in this Form
       10-Q regarding Year 2000 compliance.

         Year 2000 Issue Defined. The Year 2000 ("Y2K") issue is the result of
       certain computer hardware, operating system software and software
       application programs having been developed using two digits rather than
       four digits to define a year. For example, the clock circuit in the
       hardware may be incapable of holding a date beyond the year 1999; some
       operating systems recognize a date using "00" as the year 1900 rather
       than 2000 and certain applications may have limited date processing
       capabilities. These problems could result in the failure of major systems
       or miscalculations, which could have material impact on companies through
       business interruption or shutdown, financial loss, damage to reputation,
       and legal liability to third parties.

                                    Page 11
<PAGE>

         State of Readiness. The Company formed at Y2K Review Team ("Team") in
       1998 to address the potential impact of Y2K on the Company. In
       particular, the Y2K Plan addresses four principal areas that may be
       impacted by the Y2K issue: SS&C Technologies Products, Information
       Technology (IT) Systems, Third Party Relationships and non-IT Systems.
       The initial phase was to organize a Team of both IT and non-IT employees
       and to develop a process. The second phase was to establish an inventory
       of all potential areas where Y2K problems could exist. The inventory
       included: server hardware (BIOS), server operating systems, server
       application software, network device hardware and software, PC hardware
       (BIOS), PC operating systems, PC application software, phone and security
       systems, the Company's Products and its vendors. Each area listed in the
       inventory was assigned to a Team member to evaluate the current Y2K
       compliance and where required, recommend a solution to correct the
       problem. As of the end of the second quarter of 1999, the Company has
       substantially completed both phases for both the IT and non-IT systems.
       The Company is currently involved in the remediation phase and expects to
       be completed in the fourth quarter of 1999. However, the Company
       continues to review information developed as a result of its overall
       effort, which could result in additional items being added to its Y2K
       inventory.

         SS&C Technologies Products. The Company has utilized both in-house and
       outside consultants to test whether its products are Y2K compliant. Most
       of the Company's key products have already passed rigorous testing to be
       certified as Y2K compliant. In the event that any Y2K-compliance issues
       with its supported products arise, it is the Company's intention to
       rectify those problems through the software support process. Costs
       associated with the testing and modifications to make the Company's
       products Y2K compliant have not had, and are not expected to have a
       material adverse effect on the Company's business, financial condition or
       results of operations and cash flows.

         Third Party Relationships. The Company's business operations are
       dependent on third party suppliers. The Company is working with its key
       external partners to identify and to mitigate the potential risks of Y2K.
       The failure of external parties to resolve their own Y2K issues, in a
       timely manner, could result in a material financial risk to the Company.
       As part of the overall Y2K program, the Company is actively communicating
       with third parties through correspondence. Because the Company's Y2K
       compliance is dependant on the timely Y2K compliance of third parties,
       there can be no assurance that the Company's efforts alone will resolve
       all Y2K issues.

         Contingency Plans. There can be no assurance that the systems of other
       parties upon which the Company's business relies directly or indirectly
       will be Year 2000 compliant. The costs of becoming Y2K compliant, or the
       failure thereof by the Company or other parties, could have a material
       adverse effect on the Company's business, financial condition or results
       of operations. Given the possibility of system failure as a result of the
       century change, the Company is currently in the process of formulating
       one or more contingency plans, which it anticipates implementing during
       the fourth quarter of 1999.


         Costs to Address Year 2000 issues. The Y2K costs incurred to date have
       not been material. Most software applications, BIOS and operating system
       upgrades to Y2K compliance were incorporated into the Company's standard
       licensing agreements. As part of the contingency planning effort we will
       examine additional potential Y2K costs, where applicable.
         The foregoing shall be considered a Year 2000 readiness disclosure to
       the maximum extent allowed under the Year 2000 Information and Readiness
       Disclosure Act.


       Conversion to Euro

         On January 1, 1999, 11 of the 15 members of the European Union
       established fixed conversion rates between their existing currencies and
       the "Euro." The Euro will trade on currency exchanges and the legacy
       currencies will remain legal tender for a transition period between
       January 1, 1999 and January 1, 2002. During the transition period, goods
       and services may be paid for using the Euro or the participating
       country's legacy currency. Participating countries no longer control
       their own monetary policies by directing independent interest rates for
       their legacy currencies. Instead, the authority to direct monetary
       policy, including money supply and official interest rates, will be
       exercised by the new European Central Bank. No later than July 1, 2002,
       the legacy currencies of the participating countries will no longer be
       legal tender for any transaction, making conversion to the Euro complete.

         The Company has established plans and has begun developing the
       necessary modifications for the technical adaptation of its internal
       information technology and other systems to accommodate Euro-denominated
       transactions. The Company expects that it will be able to process
       Euro-denominated transactions on a timely basis. The Company is also
       assessing the business implications of the conversion to the Euro,
       including long-term competitive implications and the effect of market
       risk with respect to financial instruments. The Company is currently
       unable to determine the ultimate financial impact of these matters, if
       any, on its business, financial condition and results of operations.
       However, the Company will continue to assess the impact of Euro
       conversion issues as the applicable accounting, tax, legal and regulatory
       guidance evolves.

                                    Page 12
<PAGE>

       CERTAIN FACTORS THAT MAY AFFECT FUTURE OPERATING RESULTS

         Fluctuations in Quarterly Performance. The Company's revenues and
       operating results historically have varied substantially from quarter to
       quarter. The Company's quarterly operating results may continue to
       fluctuate due to a number of factors, including the timing, size, and
       nature of the Company's individual license transactions; the timing of
       the introduction and the market acceptance of new products or product
       enhancements by the Company or its competitors; the relative proportions
       of revenues derived from license fees, maintenance, consulting, and other
       recurring revenues and professional services; changes in the Company's
       operating expenses; personnel changes; and fluctuations in economic and
       financial market conditions. The timing, size, and nature of individual
       license transactions are important factors in the Company's quarterly
       operating results. Many such license transactions involve large dollar
       amounts, and the sales cycles for these transactions are often lengthy
       and unpredictable. There can be no assurance that the Company will be
       successful in closing large license transactions on a timely basis or at
       all.

         Dependence on Financial Services Industry. The Company's clients
       include a range of organizations in the financial services industry, and
       the success of such clients is intrinsically linked to the health of the
       financial markets. In addition, because of the capital expenditures
       required in connection with an investment in the Company's products, the
       Company believes that demand for its products could be disproportionately
       affected by fluctuations, disruptions, instability, or downturns in the
       financial markets, which may cause clients and potential clients to exit
       the industry or delay, cancel, or reduce any planned expenditures for
       investment management systems and software products. Any resulting
       decline in demand for the Company's products could have a material
       adverse effect on the Company's business, financial condition, and
       results of operations.

         Product Concentration. To date, substantially all of the Company's
       revenues have been attributable to the licensing of its CAMRA, PTS,
       FILMS, REMS, MLMS, Telesales, Antares, Total Return, and Advisorware
       software and the provision of maintenance and consulting services in
       connection therewith. The Company currently expects that the licensing of
       such software products, as well as certain other products acquired by the
       Company in connection with recent acquisitions and the provision of
       related services, will account for a substantial portion of its revenues
       for the foreseeable future. As a result, factors adversely affecting the
       pricing of or demand for such products and services, such as competition
       or technological change, could have a material adverse effect on the
       Company's business, financial condition, and results of operations.

         Management of Growth. The Company's business has grown significantly in
       size and complexity over the past several years. The growth in the size
       and complexity of the Company's business as well as its client base has
       placed and is expected to continue to place a significant strain on the
       Company's management and operations. The Company's ability to compete
       effectively and to manage future growth, if any, will depend on its
       ability to continue to implement and improve operational, financial, and
       management information systems on a timely basis and to expand, train,
       motivate, and manage its work force. There can be no assurance that the
       Company's personnel, systems, procedures, and controls will be adequate
       to support the Company's operations. If the Company's management is
       unable to manage growth effectively, the quality of the Company's
       products and its business, financial condition, and results of operations
       could be materially adversely affected.

         Integration of Operations. The Company's success is dependent in part
       on its ability to complete its integration of the operations of its
       recent acquisitions, including HedgeWare, in an efficient and effective
       manner. The successful integration in a rapidly changing financial
       services industry may be more difficult to accomplish than in other
       industries. The combination of these acquired companies will require,
       among other things, integration of the acquired companies' respective
       product offerings and coordination of their sales and marketing and
       research and development efforts. There can be no assurance that such
       integration will be accomplished smoothly or successfully. The
       difficulties of such integration may be increased by the necessity of
       coordinating geographically separated organizations. The integration of
       certain operations will require the dedication of management resources
       that may temporarily distract attention from the day-to-day business of
       the combined Company. The inability of management to successfully
       integrate the operations of acquired companies could have a material
       adverse effect on the business, financial condition, and results of
       operations of the Company.

         Competition. The market for financial service software is competitive,
       rapidly evolving, and highly sensitive to new product introductions and
       marketing efforts by industry participants. Although the Company believes
       that none of its competitors currently competes against the Company in
       all of the markets served by the Company, there can be no assurance that
       such competitors will not compete against the Company in the future in
       additional markets. In addition, many of the Company's current and
       potential future competitors have significantly greater financial,
       technical and marketing resources, generate higher revenues, and have
       greater name recognition than does the Company.

         Rapid Technological Change. The market for the Company's products and
       services is characterized by rapidly changing technology, evolving
       industry standards, and new product introductions. The Company's future
       success will depend in part upon its ability to enhance its existing
       products and services and to develop and introduce new products and
       services to meet

                                    Page 13
<PAGE>

       changing client requirements. The process of developing software products
       such as those offered by the Company is extremely complex and is expected
       to become increasingly complex and expensive in the future with the
       introduction of new platforms and technologies. There can be no assurance
       that the Company will successfully complete the development of new
       products in a timely fashion or that the Company's current or future
       products will satisfy the needs of the financial markets.

         Dependence on Database Supplier. The relational database design in many
       of the Company's software products incorporates PFXplus, a "C"-based
       database management system licensed to the Company by POWERflex
       Corporation Proprietary Limited, an Australian vendor ("Powerflex"). If
       Powerflex were to increase its fees under the license agreement, the
       Company's results of operations could be materially adversely affected.
       Moreover, if Powerflex were to terminate the license agreement, the
       Company would have to seek an alternative relational database for its
       software products. While the Company believes that it could migrate its
       products to an alternative database, there can be no assurance that the
       Company would be able to license in a timely fashion a database with
       similar features and on terms acceptable to the Company.

         Dependence on Proprietary Technology. The Company's success and ability
       to compete is dependent in part upon its proprietary technology. The
       Company relies on a combination of trade secret, copyright, and trademark
       law, nondisclosure agreements and technical measures to protect its
       proprietary technology. There can be no assurance that the steps taken by
       the Company to limit access to its proprietary technology will be
       adequate to deter misappropriation or independent third-party development
       of such technology.

         Product Defects and Product Liability. The Company's software products
       are highly complex and sophisticated and could, from time to time,
       contain design defects or software errors that could be difficult to
       detect and correct. Errors, bugs, or viruses may result in loss of or
       delay in market acceptance or loss of client data. Although the Company
       has not experienced material adverse effects resulting from any software
       defects or errors, there can be no assurance that, despite testing by the
       Company and its clients, errors will not be found in new products, which
       errors could result in a delay in or inability to achieve market
       acceptance and thus could have a material adverse impact upon the
       Company's business, financial condition, and results of operations.

         Key Personnel. The Company's success is dependent in part upon its
       ability to attract, train, and retain highly skilled technical,
       managerial, and sales personnel. The loss of services of one or more of
       the Company's key employees could have a material adverse effect on the
       Company's business, financial condition and results of operations. The
       Company continues to hire a significant number of additional sales,
       service, and technical personnel. Competition for the hiring of such
       personnel in the software industry is intense. Locating candidates with
       the appropriate qualifications, particularly in the desired geographic
       location, can be difficult. Although the Company expects to continue to
       attract and retain sufficient numbers of highly skilled employees for the
       foreseeable future, there can be no assurance that the Company will do
       so.

         Risks Associated with International Operations. The Company intends to
       continue to expand its international sales activity as part of its
       business strategy. To accomplish such continued expansion, the Company
       must establish additional foreign operations and hire additional
       personnel requiring significant management attention and financial
       resources that could materially adversely affect the Company's business,
       financial condition, or results of operations. An increase in the value
       of the U.S. dollar relative to foreign currencies could make the
       Company's products more expensive and, therefore, potentially less
       competitive in those foreign markets. A portion of the Company's
       international sales is denominated in foreign currency. The Company
       occasionally hedges some of this risk; however, significant fluctuations
       in the value of foreign currencies could have an adverse effect on the
       earnings of the Company. In addition, the Company's international
       business may be subject to a variety of risks, including difficulties in
       obtaining U.S. export licenses, potentially longer payment cycles,
       increased costs associated with maintaining international marketing
       efforts, the introduction of non-tariff barriers and higher duty rates,
       and difficulties in enforcement of contractual obligations and
       intellectual property rights. There can be no assurance that such factors
       will not have a material adverse effect on the Company's business,
       financial condition, or results of operations.

         Because of these and other factors, past financial performance should
       not be considered an indication of future performance. The Company's
       quarterly operating results may vary significantly, depending on factors
       such as the timing, size, and nature of licensing transactions and new
       product introductions by the Company or its competitors. Investors should
       not use historical trends to anticipate future results and should be
       aware that the trading price of the Company's common stock may be subject
       to wide fluctuations in response to quarterly variations in operating
       results and other factors, including those discussed above.



       ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         The Company purchases from time to time forward contracts to attempt to
       minimize the impact of exchange rate gains or losses from foreign
       currency transactions. The Company generally places its marketable
       security investments in high credit quality instruments, primarily U.S.
       Government and Federal Agency obligations, tax-exempt municipal
       obligations

                                    Page 14
<PAGE>

       and corporate obligations. The Company does not expect any material
       loss from its marketable security investments and therefore believes that
       its potential interest rate exposure is not material.

         The Company invoices customers primarily in U.S. dollars and in local
       currency in those countries in which the Company has branch and
       subsidiary operations. The Company is exposed to foreign exchange rate
       fluctuations from when customers are invoiced in local currency until
       collection occurs. Through June 30, 1999, foreign currency fluctuations
       have not had a material impact on the Company's financial position or
       results of operation, and therefore the Company believes that its
       potential foreign currency exchange rate exposure is not material.

         The foregoing risk management discussion and the effect thereof are
       forward-looking statements. Actual results in the future may differ
       materially from these projected results due to actual developments in
       global financial markets. The analytical methods used by the Company to
       assess and mitigate risk discussed above should not be considered
       projections of future events, income or losses.

                                    Page 15
<PAGE>

       PART II - OTHER INFORMATION


       Item 1.   Legal Proceedings

       On May 7, 1999, the Company announced that it had entered into an
       agreement that provides for the settlement of the consolidated securities
       class action lawsuit pending against the Company. The settlement provides
       that all claims against the Company, certain of its officers and
       directors and underwriters will be dismissed. Under the terms of the
       settlement, in exchange for the dismissal and release of all claims, the
       Company will pay to the class $7.5 million in cash, together with shares
       of Common Stock of the Company valued at $1.3 million. The Company
       recorded a charge of $9.3 million, including legal fees, in the quarter
       ending June 30, 1999. The settlement is subject to certain customary
       conditions, including notice to the class and approval by the Court.


       Item 2.  Changes in Securities and Use of Proceeds

         The following information relates to the use of proceeds from the
       Company's initial public offering of Common Stock (the "Offering").
         The effective date of the Company's Registration Statement on Form S-1
       (File No. 333-3094) (the "Registration Statement") relating to the
       Offering, for which the following use of proceeds information is being
       disclosed, was May 30, 1996.
         From the effective date of the Registration Statement through June 30,
       1999, the Company has used the net Offering proceeds to the Company as
       follows:

               Corporate move and equipment purchases      $  8,053,000
               Acquisition of other business               $  5,333,000
               Repayment of indebtedness                   $  3,324,000
               Working capital                             $  7,793,000
               Marketable securities                       $ 28,297,000

             All of the above listed payments were direct or indirect payments
       to persons other than: directors, officers, general partners of the
       Company or their associates; persons owning ten percent or more of any
       class of equity securities of the Company, or affiliates of the Company.



       Item 4.   Submission of Matters to a Vote of Security Holders

       At the 1999 Annual Meeting of Stockholders of the Company (the "Annual
       Meeting") held on May 11, 1999, the following matters were acted upon by
       the stockholders of the Company:

       1. The election of David L. Blankenship, David W. Clark, Jr. and
       William C. Stone as Class III Directors for the ensuing three years;

       2. Approval of the amendment to the Company's Amended and Restated
       Certificate of Incorporation to increase the number of authorized shares
       of Common Stock from 25,000,000 to 50,000,000. Shares; and

       3. Approval of the amendment to the Company's 1996 Employee Stock
       Purchase Plan, as amended, to increase the number of shares of Common
       Stock authorized for issuance thereunder from 200,000 to 400,000 shares;
       and

       4. Ratification of the appointment of PricewaterhouseCoopers LLP as
       independent public accountants of the Company for the current fiscal
       year.

       The number of shares of Common Stock outstanding and entitled to vote
       at the Annual Meeting was 15,620,801. The other directors of the
       Company, whose terms of office as directors continued after the Annual
       Meeting, are Jonathan M. Schofield, William W. Wyman, Joseph H. Fisher
       and Stephen P. Reynolds. The results of the voting on each of the
       matters presented to stockholders at the Annual Meeting are set forth
       below:

                                    Page 16
<PAGE>

<TABLE>
<CAPTION>


                                                             Votes                        Broker
                                             Votes For     Withheld    Votes Against    Abstentions     Non-Votes
                                            ---------------------------------------------------------------------
<S>                                        <C>            <C>           <C>              <C>           <C>
       Election of Class III
       Directors:

       David L. Blankenship                  11,270,925    234,196         N/A             N/A            N/A
       David W. Clark, Jr.                   11,433,525    71,596          N/A             N/A            N/A
       William C. Stone                      11,433,525    71,596          N/A             N/A            N/A

       Charter Amendment                     11,309,842    N/A             186,316         8,963          N/A

       Approval of amendment to 1996
       Employee Stock Purchase Plan
                                             11,330,501    N/A             164,772         9,848          N/A

       Ratification of Independent
       Public Accountants                    11,475,594    N/A             24,699          4,828          N/A

</TABLE>


Item 6.  Exhibits and Reports on Form 8-K


           a. The exhibits listed in the Exhibit Index immediately preceding
such exhibits are filed as part of or are included in this report.

           b. On April 23, 1999, the Company filed a Current Report on Form 8-K,
dated March 31, 1999, to report under Item 5 (Other Events) that the Company had
acquired all of the outstanding stock of The Brookside Corporation. No financial
Statements were required to be filed with such report.

                                    Page 17
<PAGE>

       SIGNATURE


       Pursuant to the requirements of the Securities Exchange Act of 1934, as
       amended, the Registrant has duly caused this report to be signed on its
       behalf by the undersigned thereunto duly authorized.



                                       SS&C TECHNOLOGIES, INC.


       Date August 16, 1999        By: /s/ Anthony R. Guarascio

                                           Anthony R. Guarascio
                                           Senior Vice President and Chief
                                           Financial Officer
                                           (Principal Financial and Accounting
                                           Officer)

                                    Page 18
<PAGE>

                                  EXHIBIT INDEX



Exhibit Number  Description
---------------------------

3.1      Amended and Restated Certificate of Incorporation, as amended.

10.1     1996 Director Stock Option Plan, as amended

27.1     Financial Data Schedule for the six months ended June 30, 1999.

27.2     Restated Financial Data schedule for the six months ended
         June 30, 1998.

                                    Page 19