##### Table of Contents





UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
 Form 10-K
  FOR ANNUAL AND TRANSITION
    REPORTS PURSUANT TO
 SECTIONS 13 OR
    15(d)
 OF THE SECURITIES EXCHANGE ACT
    OF 1934
  (Mark One)þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal
    year ended December 31,
    2010oro

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934  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
    Incorporation or Organization)

(I.R.S. Employer
    Identification No.)  80 Lamberton Road
 Windsor, CT 06095
 (Address of Principal Executive Offices, Including Zip
    Code)
 860-298-4500
 (Registrants Telephone Number, Including Area Code)
 Securities registered pursuant to Section 12(b) of the
    Act: None
 Securities registered pursuant to Section 12(g) of the
    Act: None
  The registrant meets the conditions set forth in General
    Instruction I(1)(a) and (b) of
    Form 10-K
    and is therefore filing this
    Form 10-K
    with the reduced disclosure format as permitted.
  o þ
  þ o
  o þ
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. þ
  12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer o
    Non-accelerated
    filer þ
    Smaller
    reporting
    company o   Rule 12b-2 o þ
      DOCUMENTS
    INCORPORATED BY REFERENCE: None.




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##### 





SS&C
    TECHNOLOGIES, INC.
  YEAR 2010
    FORM 10-K
    ANNUAL REPORT
  TABLE OF
    CONTENTS
   
 PagePART IItem 1.


Business


4Item 1A.


Risk Factors


24Item 1B.


Unresolved Staff Comments


33Item 2.


Properties


33Item 3.


Legal Proceedings


33Item 4.


[Removed and Reserved]


33PART IIItem 5.


Market for Registrants Common Equity,
    Related Stockholder Matters and Issuer Purchases of Equity
    Securities


34Item 6.


Selected Financial Data


34Item 7.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


35Item 7A.


Quantitative and Qualitative Disclosures about
    Market Risk


51Item 8.


Financial Statements and Supplementary Data


52Item 9.


Changes in and Disagreements with Accountants on
    Accounting and Financial Disclosure


52Item 9A.


Controls and Procedures


52Item 9B.


Other Information


53PART IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


54Item 11.


Executive Compensation


54Item 12.


Security Ownership of Certain Beneficial Owners
    and Management and Related Stockholder Matters


54Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


54Item 14.


Principal Accountant Fees and Services


54PART IVItem 15.


Exhibits and Financial Statement Schedules


55Signatures


56Consolidated Financial Statements


F-1Exhibit IndexEX-10.35EX-12EX-21EX-31.1EX-31.2EX-32    FORWARD-LOOKING
    INFORMATION
   2




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##### Table of Contents



and/or and/or and/or and/or
   3




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##### Table of Contents



PART I  Item 1.
    Business  Overview
      Treasury,Alternative





Banks &


Institutional


Insurance &





Municipal


Real EstateSelected

Investment


Financial


Credit


Asset


Pension


Commercial


Finance


PropertyFunctionality

Managers


Markets


Unions


Managers


Funds


Lenders


Groups


ManagersPortfolio Management/Accounting


ü



ü



ü



ü



üTrading/Treasury Operations


ü



ü



ü



ü



üFinancial Modeling










ü







ü







üFund Administration Services


üLoan Management/Accounting










ü







ü



üMoney Market Processing










üProperty Management






























ü    4




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##### Table of Contents



Our
    industry
    Opportunities
    Asset Classes and Securities Products Growing in Volume and
    Complexity.
  Increasing Regulatory Requirements and Investor Demand for
    Transparency.
 5




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Increasing Willingness to Implement Solutions from
    Independent Software Vendors and Outsource IT
    Operations. best-in-class end-to-end
  Intense Global Competition Among Financial Services
    Providers.
  Our
    competitive strengths
    Enhanced Capability Through Software
    Ownership.
  Broad Portfolio of Products and Services Focused on Financial
    Services Organizations.
  Independent Fund Administration
    Services.
 6




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Highly Attractive Operating Model.
  Growing Contractually Recurring Revenues.
  Scalable Software and Software-enabled
    Services.
  Significant Operating Cash Flow.
  Highly Effective Sales and Marketing Model. eBriefings day-to-day eBriefings
  Deep Domain Knowledge and Extensive Industry
    Experience.
  Trusted Provider to Our Highly Diversified and Growing Client
    Base.
  Superior Client Support and Focus.
 7




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Our
    growth strategy
    Continue to Develop Software-Enabled Services and New
    Proprietary Software.
  Expand Our Client Base.
  Increase Revenues from Existing Clients.
  Continue to Capitalize on Acquisitions of Complementary
    Businesses and Technologies.
 8




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Strengthen Our International Presence.
  Our
    acquisitions
        
    provide complementary products or services in the financial
    services industry;
    possess proven technology and an established client base that
    will provide a source of ongoing revenue and to whom we may be
    able to sell existing products and services.
    expand our intellectual property portfolio to complement our
    business;
    address a highly specialized problem or a market niche in the
    financial services industry;
    expand our global reach into strategic geographic
    markets; and
    have solutions that lend themselves to being delivered as
    software-enabled services.   9




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##### Table of Contents



Contract Purchase

Acquired Capabilities, ProductsAcquisition Date

Acquired Business

Price*

and ServicesMarch 1995

Chalke

$10,000,000

Expanded insurance footprint with PTS actuarial productNovember 1997

Mabel Systems

$850,000 and 109,224 shares

Entered Benelux market with investment accounting productDecember 1997

Shepro Braun Systems

1,500,000 shares

Entered hedge fund and family office markets with Total Return
    productMarch 1998

Quantra

$2,269,800 and 819,028 shares

Entered the real estate property management market with SKYLINE
    productApril 1998

The Savid Group

$821,500

Expanded debt & derivative product offeringsMarch 1999

HedgeWare

1,028,524 shares

Expanded product offerings for the hedge fund and family office
    marketsMarch 1999

Brookside

41,400 shares

Expanded our consulting services capabilitiesNovember 2001

Digital Visions

$1,350,000

Entered financial institutions market with BANC Mall, PALMS and
    PortPro productsJanuary 2002

Real-Time, USA

$4,000,000

Expanded financial institutions offerings with Lightning and
    Real-Time productsNovember 2002

DBC

$4,500,000

Added municipal finance structuring products for underwriters,
    investment banks, municipal issuers and financial advisorsDecember 2003

Amicorp Fund Services

$1,800,000

Entered offshore fund administration services marketJanuary 2004

Investment Advisory Network

$3,000,000

Expanded wealth management capabilities with Compass  and
    Portfolio Manager productsFebruary 2004

NeoVision Hypersystems

$1,600,000

Added data visualization dashboard capabilities with Heatmaps
    productApril 2004

OMR Systems

$19,671,000

Added integrated global product offering for financial
    institutions and hedge funds with TradeThru productFebruary 2005

Achievement Technologies

$470,000

Enhanced real estate property management offering with SamTrak
    facilities management productFebruary 2005

EisnerFast

$25,300,000

Expanded fund administration services to the hedge fund and
    private equity markets 10




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##### Table of Contents



Contract Purchase

Acquired Capabilities, ProductsAcquisition Date

Acquired Business

Price*

and ServicesApril 2005

Financial Models Company

$159,000,000

Expanded front-, middle- and back-office products and services
    to the investment management industry including Pacer, Pages,
    Recon and Sylvan productsJune 2005

Financial Interactive

358,424 shares and warrants to purchase 50,000 shares

Expanded alternative investment fund offerings with
    FundRunnerCRM product.August 2005

MarginMan

$5,600,000

Expanded depth in foreign currency exchange market with
    MarginMan productOctober 2005

Open Information Systems

$24,000,000

Entered money market , custody and security lending market with
    Global Debt Manager, Information Manager and Money Market
    Manager productsMarch 2006

Cogent Management

$12,250,000

Expanded fund administration services to hedge fund and private
    equity marketsAugust 2006

Zoologic

$3,000,000

Added education and training courseware offerings for financial
    institutionsMarch 2007

Northport

$5,000,000

Expanded fund administration services to private equity marketOctober 2008

Micro Design Services

$17,200,000

Expanded real-time, mission-critical order routing and execution
    services with ACA, BlockTalk and MarketLook productsMarch 2009

Evare

$3,514,500

Expanded institutional middle- and back-office outsourcing
    services with financial data acquisition, transformation and
    delivery servicesMay 2009

MAXIMIS

$7,700,000

Expanded institutional footprint and provided new cross-selling
    opportunitiesNovember 2009

TheNextRound

$21,000,000

Expanded private equity client base with TNR Solution productDecember 2009

Tradeware

$22,500,000

Expanded electronic trading offering in broker/dealer marketFebruary 2010

GIPS

$12,000,000

Expanded fund administration services to private equity marketOctober 2010

thinkorswim Technologies

$5,000,000

Added electronic OMS/EMS offering in broker/dealer market 11




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##### Table of Contents



Contract Purchase

Acquired Capabilities, ProductsAcquisition Date

Acquired Business

Price*

and ServicesDecember 2010

TimeShareWare

$30,500,000

Added shared ownership property management platform to real
    estate offering     *
    
    Share references are to shares of SS&C common stock after
    giving effect to SS&Cs
    three-for-two
    common stock split in the form of a stock dividend effective as
    of March 2004, but do not reflect the capital structure of
    Holdings.  Products
    and services
      Products

Typical Users

Vertical Markets
    ServedPortfolio Management/AccountingAdvisorWare

Portfolio managers

Alternative investment managersAltair

Asset managers

Financial marketsCAMRA

Fund administrators

Institutional asset managersDebt & Derivatives 
    FundRunnerMarathon 
    Global Wealth Platform
    Lightning
    MAXIMIS
    Pacer
    Pages
    PALMS
    PortPro
    Recon
    Sylvan
    TNR Solution
    Total Return

Investment advisors 
    Auditors 
    Alternative investment managers Brokers/dealers

Insurance & pension funds Treasury, banks & credit
    unions 12




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##### Table of Contents



Products

Typical Users

Vertical Markets
    ServedTrading/Treasury OperationsAntares
    Antares Trader
    MarginMan
    MarketLook Information System
    TradeDesk
    TradeThru
    Tradeware MarketCenter

Securities traders
    Financial institutions
    Asset managers
    Brokers/dealers
    Financial exchanges

Alternative investment managers Financial markets
    Treasury, banks & credit unions Corporate treasuriesFinancial ModelingDBC

CEO/CFOs

Insurance & pension fundsPTS

Risk managers

Municipal finance groupsRisk Analytics

Actuarial professionals

Treasury, banks & credit unionsBank asset/liability managers

Asset managersInvestment bankers

Hedge fundsState/local treasury staffFinancial advisorsLoan Management/AccountingBANC Mall

Mortgage originators

Commercial lendersLMS Loan Suite
    LMS Originator
    LMS Servicer

Commercial lenders 
    Mortgage loan servicers 
    Mortgage loan portfolio managers

Insurance & pension funds Treasury, banks & credit
    unionsReal estate investment managersBank/credit union loan officersProperty ManagementCondotelWare

Real estate investment managers

Real estate leasing/property managersSKYLINE

Real estate leasing agentsTimeShareWare

Real estate property managers Facility managers 
    Condo managers 
    Time share resort managersMoney Market ProcessingInformation Manager
    Money Market Manager
    Global Debt Manager

Financial institutions 
    Custodians Security lenders 
    Cash managers

Treasury, banks & credit unionsTrainingZoologic Learning Solutions

Financial institutions 
    Asset managers 
    Hedge fund managers
    Investment bankers

All verticals   13




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Services

Typical Users

Vertical Markets
    ServedAdvanced Component Architecture
    Custom Mobility
    Evare
    GlobalX
    SS&C Direct
    SS&C Fund Services
    SS&C PEI Solutions
    SSCNet
    SVC
    Tradeware FIXLink
    Tradeware OATS Consolidator

Portfolio managers 
    Asset managers 
    Financial exchanges 
    Fund administrators 
    Investment advisors 
    Alternative investment managers 
    Securities traders 
    Brokers/dealers 
    Private equity

Alternative investment managers Financial markets 
    Institutional asset managers 
    Insurance and pension funds 
    Treasury, banks & credit unions   Portfolio
    management/accounting
    AdvisorWare. and/or
  Altair.
  CAMRA.
  day-to-day
    Debt & Derivatives.
 14




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FundRunner Marathon. Runner
  Global Wealth Platform.
  Lightning.
  MAXIMIS.
  Pacer.
  Pages. face-to-face
  PALMS.
  PortPro.
  Recon.
  Sylvan.
  TNR Solution.
  Total Return.
  Trading/treasury
    operations
   15




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##### Table of Contents



Antares.
  Antares Trader.
  MarginMan. over-the-counter
  MarketLook Information System (MLIS).
  TradeDesk.
  TradeThru. end-of-day
  Tradeware MarketCenter.
  Financial
    modeling
    DBC Product Suite.
  
    general bond structures,
    revenue bonds,
    housing bonds,
    student loans, and
    Federal Housing Administration  insured revenue bonds
    and securitizations. 16




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PTS.
  Risk Analytics. value-at-risk
  Loan
    management/accounting
    BANC Mall. fee-for-service
  LMS Loan Suite.
  LMS Originator.
  LMS Servicer.
  Property
    management
  CondotelWare.
  SKYLINE.
     commercial

   retirement communities   residential

   universities   retail

   hospitals  17




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##### Table of Contents



TimeShareWare.
  Money
    market processing
  Information Manager.
  Money Market Manager.
  Global Debt Manager.
  Training
  Zoologic Learning Solutions. mix-and-match
  Services
  Advanced Component Architecture (ACA).
  Custom Mobility.
  Evare.
  GlobalX.
  SS&C Direct.
    
    full BPO investment accounting and investment operations
    services, 18




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
    hosting of a companys application software,
    automated workflow integration,
    automated quality control mechanisms, and
    extensive interface and connectivity services to custodian
    banks, data service providers, depositories and other external
    entities.  SS&C Fund Services.
     hedge fund managers

   investment managers   funds of funds managers

   commodity pool operators   commodity trading advisors

   proprietary traders   family offices

   private equity groups   private wealth groups

   separate managed accounts   SS&C PEI Solutions.  SS&C PEI Solutions
    provides outsourced administration services and software
  SSCNet.
  SVC.
  Tradeware FIXLink.
  Tradeware OATS Consolidator.
  Software
    and service delivery options
    Software-Enabled Services.
 19




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Software License and Related Maintenance
    Agreements.
  Blended Solutions.
  Professional
    services
    Product
    support
  eBriefings e.Training
    Clients
   20




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Sales and
    marketing
      eBriefings
  
    regular product-focused webinars,
    seminars and symposiums,
    trade shows and conferences, and
    e-marketing
    campaigns.  up-to-date
    Product
    development and engineering
      Competition
   21




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Alternative Investments:
  Asset Management:
  Insurance and Pension Funds:
    Real Estate Property Management:
  Treasury, Banks & Credit Unions:
 22




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Commercial Lending:
  Financial Markets:
  Proprietary
    rights
  and/or
    Employees
    
    242 employees in research and development;
    826 employees in consulting and services;
    90 employees in sales and marketing; 23




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##### Table of Contents




    127 employees in client support; and
    114 employees in finance and administration.    Additional
    Information
  (860) 298-4500.
  Item 1A.
    Risk
    Factors  Form 10-K
  Risks
    Relating to Our Business
  Our
    business is greatly affected by changes in the state of the
    general economy and the financial markets, and a prolonged
    downturn in the general economy or the financial services
    industry could disproportionately affect the demand for our
    products and services.
      
    cancel or reduce planned expenditures for our products and
    services;
    process fewer transactions through our software-enabled services;
    seek to lower their costs by renegotiating their contracts with
    us;
    move their IT solutions in-house;
    switch to lower-priced solutions provided by our
    competitors; or 24




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
    exit the industry.  3 4
  Further
    or accelerated consolidations and failures in the financial
    services industry could adversely affect our results of
    operations due to a resulting decline in demand for our products
    and services.
  and/or
  If we
    are unable to retain and attract clients, our revenues and net
    income would remain stagnant or decline.
    
    the level of demand for our products and services;
    the level of client spending for information technology;
    the level of competition from internal client solutions and from
    other vendors;
    the quality of our client service;
    our ability to update our products and services and develop new
    products and services needed by clients;
    our ability to understand the organization and processes of our
    clients; and
    our ability to integrate and manage acquired businesses.  We
    face significant competition with respect to our products and
    services, which may result in price reductions, reduced gross
    margins or loss of market share.
     25




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Catastrophic
    events may adversely affect our ability to provide, our
    clients ability to use, and the demand for, our products
    and services, which may disrupt our business and cause a decline
    in revenues.
    Our
    software-enabled services may be subject to disruptions that
    could adversely affect our reputation and our
    business.
    We may
    not achieve the anticipated benefits from our acquisitions and
    may face difficulties in integrating our acquisitions, which
    could adversely affect our revenues, subject us to unknown
    liabilities, increase costs and place a significant strain on
    our management.
      
    combine operations, facilities and differing firm cultures;
    retain the clients or employees of acquired entities;
    generate market demand for new products and services;
    coordinate geographically dispersed operations and successfully
    adapt to the complexities of international operations;
    integrate the technical teams of these companies with our
    engineering organization;
    incorporate acquired technologies and products into our current
    and future product lines; and 26




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##### Table of Contents




    integrate the products and services of these companies with our
    business, where we do not have distribution, marketing or
    support experience for these products and services.  Integration may not be smooth or
    successful. day-to-day
  We
    expect that our operating results, including our profit margins
    and profitability, may fluctuate over time.
    
    the timing of the introduction and the market acceptance of new
    products, product enhancements or services by us or our
    competitors;
    the lengthy and often unpredictable sales cycles of large client
    engagements;
    the amount and timing of our operating costs and other expenses;
    the financial health of our clients;
    changes in the volume of assets under our clients
    management;
    cancellations of maintenance
    and/or
    software-enabled services arrangements by our clients;
    changes in local, national and international regulatory
    requirements;
    changes in our personnel;
    implementation of our licensing contracts and software-enabled
    services arrangements;
    changes in economic and financial market conditions; and
    changes in the mix in the types of products and services we
    provide.  If we
    cannot attract, train and retain qualified managerial, technical
    and sales personnel, we may not be able to provide adequate
    technical expertise and customer service to our clients or
    maintain focus on our business strategy.
   27




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If we
    are unable to protect our proprietary technology, our success
    and our ability to compete will be subject to various risks,
    such as third-party infringement claims, unauthorized use of our
    technology, disclosure of our proprietary information or
    inability to license technology from third
    parties.
  and/or
         28




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We
    could become subject to litigation regarding intellectual
    property rights, which could seriously harm our business and
    require us to incur significant costs, which, in turn, could
    reduce or eliminate profits.
    Our
    failure to continue to derive substantial revenues from the
    licensing of, or the provision of
    software-enabled
    services related to, our CAMRA, TradeThru, Pacer, AdvisorWare
    and Total Return software, and the provision of maintenance and
    professional services in support of such licensed software,
    could adversely affect our ability to sustain or grow our
    revenues and harm our business, financial condition and results
    of operations.
    We may
    be unable to adapt to rapidly changing technology and evolving
    industry standards and regulatory requirements, and our
    inability to introduce new products and services could result in
    a loss of market share.
    
    we may find it difficult or costly to update our services and
    software and to develop new products and services quickly enough
    to meet our clients needs;
    we may find it difficult or costly to make some features of our
    software work effectively and securely over the Internet or with
    new or changed operating systems;
    we may find it difficult or costly to update our software and
    services to keep pace with business, evolving industry
    standards, regulatory and other developments in the industries
    where our clients operate; and
    we may be exposed to liability for security breaches that allow
    unauthorized persons to gain access to confidential information
    stored on our computers or transmitted over our network. 29




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Undetected
    software design defects, errors or failures may result in loss
    of our clients data, litigation against us and harm to our
    reputation and business.
    Challenges
    in maintaining and expanding our international operations can
    result in increased costs, delayed sales efforts and uncertainty
    with respect to our intellectual property rights and results of
    operations.
    
    changes in a specific countrys or regions political
    or economic condition;
    difficulties in obtaining U.S. export licenses;
    potentially longer payment cycles;
    increased costs associated with maintaining international
    marketing efforts;
    foreign currency fluctuations;
    the introduction of non-tariff barriers and higher duty rates;
    foreign regulatory compliance; and
    difficulties in enforcement of third-party contractual
    obligations and intellectual property rights.    We are
    controlled by The Carlyle Group, whose interests may not be
    aligned with yours.
   30




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Risks
    Relating to Our Indebtedness
  Our
    substantial indebtedness could adversely affect our financial
    health and prevent us from fulfilling our obligations under our
    113/4% senior
    subordinated notes due 2013 and our senior credit
    facilities.
  3 4
    
    make it more difficult for us to satisfy our obligations with
    respect to our notes and our senior credit facilities;
    require us to dedicate a substantial portion of our cash flow
    from operations to payments on our indebtedness, thereby
    reducing the availability of our cash flow to fund acquisitions,
    working capital, capital expenditures, research and development
    efforts and other general corporate purposes;
    increase our vulnerability to and limit our flexibility in
    planning for, or reacting to, changes in our business and the
    industry in which we operate;
    expose us to the risk of increased interest rates as borrowings
    under our senior credit facilities are subject to variable rates
    of interest;
    place us at a competitive disadvantage compared to our
    competitors that have less debt; and
    limit our ability to borrow additional funds.    To
    service our indebtedness, we require a significant amount of
    cash. Our ability to generate cash depends on many factors
    beyond our control.
      Despite
    current indebtedness levels, we and our subsidiaries may still
    be able to incur substantially more debt. This could further
    exacerbate the risks associated with our substantial financial
    leverage.
   31




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Restrictive
    covenants in the indenture governing the notes and the agreement
    governing our senior credit facilities may restrict our ability
    to pursue our business strategies.
    
    incur additional indebtedness;
    sell assets, including capital stock of restricted subsidiaries;
    agree to payment restrictions affecting our restricted
    subsidiaries;
    pay dividends;
    consolidate, merge, sell or otherwise dispose of all or
    substantially all of our assets;
    make strategic acquisitions;
    enter into transactions with our affiliates;
    incur liens; and
    designate any of our subsidiaries as unrestricted subsidiaries.        
    declare all borrowings outstanding, together with accrued
    interest and other fees, to be immediately due and
    payable; or
    prevent us from making payments on the notes,   32




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We may
    not have the ability to raise the funds necessary to finance the
    change of control offer required by the indenture governing the
    notes.
    Item 1B.
    Unresolved
    Staff Comments    Item 2.
    Properties    Item 3.
    Legal
    Proceedings    Item 4.
    [Removed
    and Reserved] 33




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PART II  Item 5.
    Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities    Item 6.
    Selected
    Financial Data    SuccessorYear Ended

Year Ended

Year Ended

Year Ended

Year EndedDecember

December

December

December

December31, 2010(5)

31, 2009(4)

31, 2008(3)

31, 2007(2)

31, 2006(1)(In thousands, except per share data)Statement of Operations Data:Revenues

$
328,905


$
270,915


$
280,006


$
248,168


$
205,469Operating income


79,840



67,103



65,083



48,730



43,869Net income


32,413



19,018



18,801



6,575



1,075Cash dividends declared per share


















   2010

2009

2008

2007

2006Balance Sheet Data (at period end):Total assets

$
1,275,726


$
1,185,641


$
1,127,353


$
1,190,495


$
1,152,521Total long-term debt, including current portion


290,794



397,259



408,726



443,009



471,929Stockholders equity


857,183



645,987



587,253



612,593



563,132     (1)
    
    On March 3, 2006, we acquired all of the outstanding stock
    of Cogent Management Inc. On August 31, 2006, we acquired
    the assets and business of Zoologic, Inc.(2)
    
    On March 12, 2007, we acquired all of the assets and
    business of Northport LLC.(3)
    
    On October 1, 2008, we acquired the assets and business of
    Micro Design Services, LLC. See Notes 2 and 11 of notes to
    our consolidated financial statements.(4)
    
    On March 20, 2009, we acquired the assets and business of
    Evare, LLC. On May 29, 2009, we acquired the assets and
    related business associated with Unisys Corporations
    MAXIMIS software. On November 19, 2009, we acquired all of
    the outstanding stock of TheNextRound, Inc. On December 31,
    2009, we acquired Tradeware Global Corp., through the merger of
    TG Acquisition Corp., our wholly-owned subsidiary, with and into
    Tradeware Global Corp., with Tradeware Global Corp., being the
    surviving company and becoming our wholly-owned subsidiary. See
    Notes 2 and 11 of notes to our consolidated financial
    statements.(5)
    
    On February 3, 2010, we acquired the assets and related
    business associated with Geller & Company LLCs
    Geller Investment Partnership Services division. On
    October 1, 2010, we acquired all of the outstanding stock
    of PC Consulting d/b/a thinkorswim Technologies, Inc. On
    December 6, 2010, we acquired the all of the outstanding
    stock of TimeShareWare. See Notes 2 and 11 of notes to our
    consolidated financial statements. 34




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##### Table of Contents



Item 7.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Overview
         35




---



##### Table of Contents



Covenant Compliance
    Acquisitions
      Acquired Business

Acquisition Date

Acquired Capabilities, Products and ServicesTimeShareWare

December 2010

Added shared ownership property management platform to real
    estate offeringthinkorswim Technologies

October 2010

Added electronic OMS/EMS offering in broker dealer marketGIPS

February 2010

Expanded fund administration services to private equity marketTradeware

December 2009

Added electronic trading offering in broker/dealer marketTheNextRound

November 2009

Expanded private equity client base with TNR Solution productMAXIMIS

May 2009

Expanded institutional footprint and provided new cross-selling
    opportunitiesEvare

March 2009

Expanded institutional middle- and back-office outsourcing
    services with financial data acquisition, transformation and
    delivery servicesMicro Design Services

October 2008

Added real-time, mission-critical order routing and execution
    services with ACA, BlockTalk and MarketLook products   Critical
    Accounting Estimates and Assumptions
   36




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##### Table of Contents



Revenue
    Recognition
          out-of-pocket when-and-if-
    percentage-of-completion man-hours
 37




---



##### Table of Contents



Allowance
    for Doubtful Accounts
    Long-lived
    Assets, Intangible Assets and Goodwill
      
    significant underperformance relative to historical or projected
    future operating results;
    significant changes in the manner of our use of the acquired
    assets or the strategy for our overall business; and
    significant negative industry or economic trends.    Acquisition
    Accounting
   38




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##### Table of Contents



Stock-based
    Compensation
      
    the value of our business as determined at arms length in
    connection with the Transaction;
    significant business milestones that may have affected the value
    of our business subsequent to the Transaction;
    the risks associated with our business;
    the economic outlook in general and the condition and outlook of
    our industry;
    our financial condition and expected operating results;
    our level of outstanding indebtedness;
    the market price of stocks of publicly traded corporations
    engaged in the same or similar lines of business;
    as of July 31, 2006, March 31, 2007 and March 1,
    2008, analyses using a weighted average of three generally
    accepted valuation procedures: the income approach, the market
    approach  publicly traded guideline company method
    and the market approach  transaction method; and
    as of November 15, 2008, April 1, 2009 and
    November 30, 2009, analyses using a weighted average of two
    generally accepted valuation procedures: the income approach and
    the market approach-publicly traded guideline company method.
    The market approach- transaction method was not utilized due to
    the lack of comparable transactions in the evaluation period. 39




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##### Table of Contents



WeightedWeighted-

Average Fair

Weighted-Average Grant Date FairShares Under

Average

Value of

Value of Options by Vesting Type(1):Shares Under

Restricted

Exercise

Underlying





Change inGrant Date

Option

Stock Award

Price

Stock

Time

Performance

ControlAugust 2006


9,909,555






$
8.77


$
8.77


$
3.66


$
3.88


$
2.50November 2006


89,250







8.77



8.77



3.62



3.84



2.50March 2007


195,500







8.77



8.77



3.61



3.83



0.87May 2007


148,750







11.64



11.64



4.81



5.10



1.07June 2007


25,500







11.64



11.64



4.87



5.16



1.02January 2009


255,041







10.08



10.08



2.86







December 2009


102,000







14.53



14.53



4.54







January 2010


4,250







14.53



14.53



4.49







February 2010


400,350







14.53



14.53



4.48







March 2010


1,615,085







14.53



14.53



4.51







March 2010






153,846



14.53



14.53



14.53







April 2010


21,250







15.29



15.29



4.79







May 2010


50,200







16.49



16.49



5.64







June 2010


48,500







17.83



17.83



6.06







August 2010


14,500







16.24



16.24



5.42







     (1)
    
    The weighted-average fair value of options by vesting type
    represents the value at the grant date. These fair values do not
    reflect the re-valuation of certain options related to
    modifications effected in February 2009, March 2008 and April
    2007, or the resolutions approved by the Holdings board
    and compensation committee in February 2010 relating to
    performance-based and superior options, as more fully described
    in note 10 to our consolidated financial statements.  Income
    Taxes
     40




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##### Table of Contents



Results
    of Operations for the Years Ended December 31, 2010, 2009
    and 2008
    Percent Change fromYear Ended December 31,


Prior Period2010


2009


2008


2010


2009Revenues:Software licenses

$
23,683


$
20,661


$
24,844



14.6
%


(16.8
)%Maintenance


72,703



66,099



65,178



10.0



1.4Professional services


20,727



20,889



24,352



(0.8
)


(14.2
)Software-enabled services


211,792



163,266



165,632



29.7



(1.4
)Total revenues

$
328,905


$
270,915


$
280,006



21.4
%


(3.2
)%     Year Ended December 31,2010


2009


2008Revenues:Software licenses


7.2
%


7.6
%


8.9
%Maintenance


22.1



24.4



23.3Professional services


6.3



7.7



8.7Software-enabled services


64.4



60.3



59.1Total revenues


100.0
%


100.0
%


100.0
%   Comparison
    of Years Ended December 31, 2010, 2009 and 2008
  Revenues
     41




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##### Table of Contents



Software
    Licenses
  period-to-period
  Maintenance
    Professional
    Services
    Software-Enabled
    Services
   42




---



##### Table of Contents



Cost of
    Revenues
    Cost
    of Software License Revenues
    Cost
    of Maintenance Revenues
   43




---



##### Table of Contents



Cost
    of Professional Services Revenues
    Cost
    of Software-Enabled Services Revenues
    Operating
    Expenses
    Selling
    and Marketing
   44




---



##### Table of Contents



Research
    and Development
    General
    and Administrative
    Interest
    Income, Interest Expense and Other Income (Expense),
    Net
     45




---



##### Table of Contents



Loss on
    extinguishment of debt
    Provision
    for Income Taxes
    Liquidity
    and Capital Resources
      3 4
   46




---



##### Table of Contents



3 4
  Contractual
    Obligations
    Payments Due by PeriodLess than








More thanContractual Obligations and Other Committments

Total


1 Year


1-3 Years


3-5 Years


5 Years


All OtherShort-term and long-term debt

$
290,794


$
1,702


$
289,092


$



$



$
Interest payments(1)


54,920



19,650



35,270











Operating lease obligations(2)


52,069



8,859



14,824



10,242



18,144



Purchase obligations(3)


7,139



4,906



1,713



520







Uncertain tax positions and related interest(4)


11,240



















11,240Total contractual obligations

$
416,162


$
35,117


$
340,899


$
10,762


$
18,144


$
11,240     (1)
    
    Reflects interest payments on our term loan facility at an
    assumed interest rate of three-month LIBOR of 0.30% plus 2.0%
    for U.S. dollar loans and CDOR of 1.20% plus 2.5% for Canadian
    dollar loans, and required interest payments on our senior
    subordinated notes of 11.75%.(2)
    
    We are obligated under noncancelable operating leases for office
    space and office equipment. The lease for the corporate facility
    in Windsor, Connecticut expires in 2016. We sublease office
    space under noncancelable leases. We received rental income
    under these leases of $1.3 million, $1.3 million and
    $1.4 million for the years ended December 31, 2010,
    2009 and 2008, respectively. The effect of the rental income to
    be received in the future has not been included in the table
    above.(3)
    
    Purchase obligations include the minimum amounts committed under
    contracts for goods and services.(4)
    
    As of December 31, 2010, our liability for uncertain tax
    positions and related net interest payable were
    $9.5 million and $1.7 million, respectively. We are
    unable to reasonably estimate the timing of such liability and
    interest payments in individual years beyond 12 months due
    to uncertainties in the timing of the effective settlement of
    tax positions.  Off-Balance
    Sheet Arrangements
   47




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##### Table of Contents



The
    Transaction
  3 4
    Senior
    Credit Facilities
        113/4% Senior
    Subordinated Notes due 2013
  3 4 pari passu
 48




---



##### Table of Contents



3 4 3 4
    Covenant
    Compliance
      day-to-day
     49




---



##### Table of Contents




    Consolidated EBITDA does not reflect the provision of income tax
    expense in our various jurisdictions;
    Consolidated EBITDA does not reflect the significant interest
    expense we incur as a result of our debt leverage;
    Consolidated EBITDA does not reflect any attribution of costs to
    our operations related to our investments and capital
    expenditures through depreciation and amortization charges;
    Consolidated EBITDA does not reflect the cost of compensation we
    provide to our employees in the form of stock option
    awards; and
    Consolidated EBITDA excludes expenses that we believe are
    unusual or non-recurring, but which others may believe are
    normal expenses for the operation of a business.    Year Ended December 31,2010


2009


2008(In thousands)Net income

$
32,413


$
19,018


$
18,801Interest expense, net


35,892



36,863



41,130Income tax provision


12,034



9,804



7,146Depreciation and amortization


40,728



36,028



35,038EBITDA


121,067



101,713



102,115Purchase accounting adjustments(1)


(238
)


(93
)


(289
)Capital-based taxes


1,091



795



1,212Unusual or non-recurring charges(2)


(325
)


1,990



1,480Acquired EBITDA and cost savings(3)


6,392



8,053



2,379Stock-based compensation


13,254



5,607



7,323Other(4)


39



1,201



1,346Consolidated EBITDA, as defined

$
141,280


$
119,266


$
115,566     (1)
    
    Purchase accounting adjustments include (a) an adjustment
    to increase revenues by the amount that would have been
    recognized if deferred revenue were not adjusted to fair value
    at the date of acquisitions and (b) an adjustment to
    increase rent expense by the amount that would have been
    recognized if lease obligations were not adjusted to fair value
    at the date of the Transaction.(2)
    
    Unusual or non-recurring charges include foreign currency
    transaction gains and losses, expenses related to our prior
    proposed public offering, severance expenses associated with
    workforce reduction, equity earnings and losses on investments,
    proceeds and payments from legal and other settlements, costs
    associated with the closing of a regional office and other
    one-time gains and expenses. 50




---



##### Table of Contents



(3)
    
    Acquired EBITDA and cost savings reflects the EBITDA impact of
    significant businesses that were acquired during the period as
    if the acquisition occurred at the beginning of the period and
    cost savings to be realized from such acquisitions.(4)
    
    Other includes management fees and related expenses paid to
    Carlyle and the non-cash portion of straight-line rent expense.    Covenant

ActualRequirements

RatiosMaximum consolidated total leverage to Consolidated EBITDA
    Ratio(1)

5.50x

1.85xMinimum Consolidated EBITDA to consolidated net interest
    coverage ratio

2.25x

4.99x     (1)
    
    Calculated as the ratio of funded debt, less cash on hand up to
    a maximum of $30.0 million, to Consolidated EBITDA, as
    defined by the senior credit facility, for the period of four
    consecutive fiscal quarters ended on the measurement date.
    Funded debt is comprised of indebtedness for borrowed money,
    notes, bonds or similar instruments, and capital lease
    obligations. This covenant is applied at the end of each quarter.  Recent
    Accounting Pronouncements
    Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk         51




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##### Table of Contents



Item 8.
    Financial
    Statements and Supplementary Data    Item 9.
    Changes
    in and Disagreements with Accountants on Accounting and
    Financial Disclosure    Item 9A.
    Controls
    and Procedures  Disclosure
    Controls and Procedures
  Rules 13a-15(e) 15d-15(e)
  Management
    Report on Internal Control Over Financial
    Reporting
  Rules 13a-15(f) 15d-15(f)
 52




---



##### Table of Contents




    Pertain to the maintenance of records that in reasonable detail
    accurately and fairly reflect the transactions and dispositions
    of the assets of the company;
    Provide reasonable assurance that transactions are recorded as
    necessary to permit preparation of financial statements in
    accordance with generally accepted accounting principles, and
    that receipts and expenditures of the company are being made
    only in accordance with authorizations of our management and
    directors; and
    Provide reasonable assurance regarding prevention or timely
    detection of unauthorized acquisition, use or disposition of the
    companys assets that could have a material effect on the
    financial statements.          Changes
    in Internal Control Over Financial Reporting
  Rules 13a-15(f) 15d-15(f)
  Item 9B.
    Other
    Information     53




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##### Table of Contents



PART III  Item 10.
    Directors,
    Executive Officers and Corporate Governance  Form 10-K.
  Item 11.
    Executive
    Compensation  Form 10-K.
  Item 12.
    Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters  Form 10-K.
  Item 13.
    Certain
    Relationships and Related Transactions  Form 10-K.
  Item 14.
    Principal
    Accountant Fees and Services    Fee Category

Fiscal 2010


Fiscal 2009Audit Fees(1)

$
1,312,613


$
1,084,743Audit-Related Fees(2)


941,135



773,609Tax Fees(3)


120,933



247,434All Other Fees(4)


9,000



1,500Total Fees

$
2,383,681


$
2,107,286     (1)
    
    Audit fees consist of fees for the audit of our financial
    statements, the review of the interim financial statements
    included in our quarterly reports on
    Form 10-Q,
    and services related to Holdings filings of
    Form S-1
    in 2009 and 2010, such as the issuance of consents.(2)
    
    Audit-related fees consist of fees for assurance and related
    services that are reasonably related to the performance of the
    audit and the review of our financial statements and which are
    not reported under Audit Fees. These services relate
    to accounting consultations in connection with acquisitions,
    procedures performed for SAS 70 reports, attest services that
    are not required by statute or regulation and consultations
    concerning internal controls, financial accounting and reporting
    standards. None of the audit-related fees billed in 2009 or 2010
    related to services provided under the de minimis exception to
    the audit committee pre-approval requirements.(3)
    
    Tax fees consist of fees for tax compliance, tax advice and tax
    planning services. Tax compliance services, which relate to
    preparation of original and amended tax returns, claims for
    refunds and tax payment-planning services, accounted for
    approximately $56,000 of the total tax fees billed in 2010 and
    approximately $45,000 of the total tax fees billed in 2009. Tax
    advice and tax planning services relate to assistance with tax
    audits and appeals, tax advice related to acquisitions and
    requests for rulings or technical advice from taxing
    authorities. None of the tax fees billed in 2009 or 2010 related
    to services provided under the de minimis exception to the audit
    committee pre-approval requirements.(4)
    
    All other fees for 2009 and 2010 consist of the licensing of
    accounting and finance research technology owned by
    PricewaterhouseCoopers LLP. None of the all other fees billed in
    2009 or 2010 were provided under the de minimis exception to the
    audit committee pre-approval requirements. 54




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##### Table of Contents



Audit
    Committee Pre-Approval Policies and Procedures
    PART IV  Item 15.
    Exhibits
    and Financial Statement Schedules  (a)
  1.
    Financial Statements    Document

PageReport of Independent Registered Public
    Accounting Firm


F-1Consolidated Balance Sheets as of
    December 31, 2010 and 2009


F-2Consolidated Statements of Operations for the
    years ended December 31, 2010, 2009 and 2008


F-3Consolidated Statements of Cash Flows for the
    years ended December 31, 2010, 2009 and 2008


F-4Consolidated Statements of Changes in
    Stockholders Equity for years ended December 31,
    2010, 2009 and 2008


F-5Notes to Consolidated Financial Statements


F-6   2.
    Financial Statement Schedules    3.
    Exhibits   55




---



##### Table of Contents



SIGNATURES      By:
    /s/  William
    C. Stone   Chairman of the Board and Chief Executive Officer
      Signatures

Title

Date/s/  William
    C. StoneWilliam
    C. Stone

Chairman of the Board and
    Chief Executive Officer
    ( Principal Executive Officer)

March 11, 2011/s/  Patrick
    J. PedontiPatrick
    J. Pedonti

Senior Vice President and Chief
    Financial Officer
    (Principal Financial and
    Accounting Officer)

March 11, 2011/s/  Normand
    A. BoulangerNormand
    A. Boulanger

Director

March 11, 2011/s/  Campbell
    R. DyerCampbell
    R. Dyer

Director

March 11, 2011/s/  William
    A. EtheringtonWilliam
    A. Etherington

Director

March 11, 2011/s/  Allan
    M. HoltAllan
    M. Holt

Director

March 11, 2011/s/  Claudius
    E. Watts, IVClaudius
    E. Watts, IV

Director

March 11, 2011/s/  Jonathan
    E. MichaelJonathan
    E. Michael

Director

March 11, 2011/s/  David
    VarsanoDavid
    Varsano

Director

March 11, 2011  56




---



##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM      
    F-1




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Consolidated
    balance sheets
  December 31,


December 31,2010


2009(In thousands, except share and per share data)ASSETSCurrent assets:Cash and cash equivalents

$
84,843


$
19,055Accounts receivable, net of allowance for doubtful accounts of
    $1,986 and $1,425, respectively (Note 3)


45,531



41,600Prepaid expenses and other current assets


5,932



6,164Prepaid income taxes


2,242



669Deferred income taxes


1,142



1,780Total current assets


139,690



69,268Property and equipment:Leasehold improvements


5,605



5,358Equipment, furniture, and fixtures


30,407



25,91536,012



31,273Less accumulated depreciation


(22,442
)


(17,237
)Net property and equipment


13,570



14,036Deferred income taxes


686



499Goodwill


926,668



885,517Intangible and other assets, net of accumulated amortization of
    $153,123 and $116,670, respectively


195,112



216,321Total assets

$
1,275,726


$
1,185,641LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Current portion of long-term debt (Note 6)

$
1,702


$
4,270Accounts payable


3,790



4,804Income taxes payable






703Accrued employee compensation and benefits


16,854



14,693Other accrued expenses


11,052



16,938Interest payable


1,305



2,070Deferred maintenance and other revenue


41,671



40,400Total current liabilities


76,374



83,878Long-term debt, net of current portion (Note 6)


289,092



392,989Other long-term liabilities


12,343



12,779Deferred income taxes (Note 5)


40,734



50,008Total liabilities


418,543



539,654Commitments and contingencies (Note 13)Stockholders equity (Notes 4 and 10):Common stock, $0.01 par value, 1 shares authorized;
    1 share issued and outstanding






Additional paid-in capital


745,771



583,251Accumulated other comprehensive income


32,699



16,436Retained earnings


78,713



46,300Total stockholders equity


857,183



645,987Total liabilities and stockholders equity

$
1,275,726


$
1,185,641    F-2




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Consolidated
    statements of operations
  Year Ended December 31,2010


2009


2008(In thousands)Revenues:Software licenses

$
23,683


$
20,661


$
24,844Maintenance


72,703



66,099



65,178Professional services


20,727



20,889



24,352Software-enabled services


211,792



163,266



165,632Total revenues


328,905



270,915



280,006Cost of revenues:Software licenses


7,750



8,499



9,198Maintenance


32,712



27,559



26,854Professional services


13,954



14,154



16,118Software-enabled services


111,516



87,528



90,263Total cost of revenues


165,932



137,740



142,433Gross profit


162,973



133,175



137,573Operating expenses:Selling and marketing


25,229



20,362



19,566Research and development


31,442



26,513



26,804General and administrative


26,462



19,197



26,120Total operating expenses


83,133



66,072



72,490Operating income


79,840



67,103



65,083Interest income


170



28



409Interest expense


(30,582
)


(36,891
)


(41,539
)Other income (expense), net


499



(1,418
)


1,994Loss on extinguishment of debt


(5,480
)






Income before income taxes


44,447



28,822



25,947Provision for income taxes (Note 5)


12,034



9,804



7,146Net income

$
32,413


$
19,018


$
18,801    F-3




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##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Consolidated
    statements of cash flows
  Year Ended December 31,2010


2009


2008(In thousands)Cash flow from operating activities:Net income

$
32,413


$
19,018


$
18,801Adjustments to reconcile net income to net cash provided by
    operating activities:Depreciation and amortization


40,728



36,028



35,038Stock compensation expense


13,254



5,607



7,323Amortization of loan origination costs


3,392



2,306



2,328Equity losses in long-term investment










2,098Loss on sale or disposition of property and equipment


(9
)


13



1Deferred income taxes


(13,700
)


(8,861
)


(7,368
)Provision for doubtful accounts


831



213



865Changes in operating assets and liabilities, excluding effects
    from acquisitions:Accounts receivable


1,066



3,360



(1,301
)Prepaid expenses and other assets


(133
)


(284
)


(2,742
)Income taxes receivable and payable


2,073



(5,236
)


2,552Accounts payable


(1,041
)


1,549



(494
)Accrued expenses


(2,660
)


1,646



1,581Deferred maintenance and other revenue


(647
)


4,493



2,973Net cash provided by operating activities


75,567



59,852



61,655Cash flow from investing activities:Additions to property and equipment


(4,834
)


(2,559
)


(6,746
)Proceeds from sale of property and equipment


59



3



2Cash paid for business acquisitions, net of cash acquired
    (Note 11)


(45,815
)


(51,477
)


(17,864
)Additions to capitalized software


(509
)


(101
)


Net cash used in investing activities


(51,099
)


(54,134
)


(24,608
)Cash flow from financing activities:Cash received from other borrowings






2,000



Repayment of debt


(108,120
)


(19,679
)


(25,574
)Transactions involving SS&C Technologies Holdings, Inc.
    common stock


149,266



(217
)


42Net cash provided by (used in) financing activities


41,146



(17,896
)


(25,532
)Effect of exchange rate changes on cash


174



1,934



(1,391
)Net increase (decrease) in cash and cash equivalents


65,788



(10,244
)


10,124Cash and cash equivalents, beginning of period


19,055



29,299



19,175Cash and cash equivalents, end of period

$
84,843


$
19,055


$
29,299Supplemental disclosure of cash paid for:Interest

$
29,291


$
34,061


$
38,505Income taxes, net

$
18,344


$
23,512


$
12,472Supplemental disclosure of non-cash investing activities:See Note 11 for a discussion of acquisitions    F-4




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##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Consolidated
    statements of changes in stockholders equity
 For
    the years ended December 31, 2010, 2009 and
    2008
  Common Stock








AccumulatedNumber Of





Additional





Other


Total


TotalIssued





Paid-in


Retained


Comprehensive


Stockholders


ComprehensiveShares


Amount


Capital


Earnings


Income (Loss)


Equity


Income (loss)(In thousands)Balance, at December 31, 2007


1






$
570,497


$
8,481


$
33,615


$
612,593Net income














18,801







18,801


$
18,801Foreign exchange translation adjustment


















(49,078
)


(49,078
)


(49,078
)Change in unrealized loss on interest rate swaps, net of tax


















(2,427
)


(2,427
)


(2,427
)Total comprehensive loss

























$
(32,704
)Stock-based compensation expense










7,323











7,323Exercise of options and issuance of SS&C Technologies
    Holdings, Inc. common stock










41











(2,357
)Balance, at December 31, 2008


1







577,861



27,282



(17,890
)


587,253Net income














19,018







19,018


$
19,018Foreign exchange translation adjustment


















32,879



32,879



32,879Change in unrealized loss on interest rate swaps, net of tax


















1,447



1,447



1,447Total comprehensive income

























$
53,344Stock-based compensation expense










5,607











5,607Exercise of options and issuance of SS&C Technologies
    Holdings, Inc. common stock










(217
)










(2,215
)Balance, at December 31, 2009


1







583,251



46,300



16,436



645,987Net income














32,413







32,413


$
32,413Foreign exchange translation adjustment


















13,448



13,448



13,448Change in unrealized loss on interest rate swaps, net of tax


















2,815



2,815



2,815Total comprehensive income

























$
48,676Stock-based compensation expense










13,254











13,254Exercise of options and issuance of SS&C Technologies
    Holdings, Inc. common stock










149,266











134,558Balance, at December 31, 2010


1


$



$
745,771


$
78,713


$
32,699


$
857,183    F-5




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes
    to consolidated financial statements
  SS&C Technologies, Inc., together with its subsidiaries,
    is referred to herein as SS&C, the
    Company, we, our, and
    us. SS&C Technologies Holdings, Inc., our
    ultimate parent company, is referred to herein as
    Holdings.
  1.
    Organization                    2.
    Summary
    of Significant Accounting Policies  Use of
    Estimates
    Principles
    of Consolidation
    
 Revenue
    Recognition
   F-6




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
        License
    Revenue
        percentage-of-completion
 F-7




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  man-hours contract-by-contract
  Maintenance
    Agreements
  when-and-if-available
  Professional
    Services
    Software-enabled
    Services
      Research
    and Development
   F-8




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Stock-based
    Compensation
    Other
    Income
    Income
    Taxes
     F-9




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  Cash
    and Cash Equivalents
    Property
    and Equipment
    Description

Useful LifeEquipment

3-5 yearsFurniture and fixtures

7-10 yearsLeasehold improvements

Shorter of lease term or estimated useful life       Registration
    Costs
    Goodwill
    and Intangible Assets
   F-10




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Balance at December 31, 2008

$
822,4092009 acquisitions


30,123Adjustments to previous acquisitions


(147
)Income tax benefit on Rollover options exercised


(118
)Effect of foreign currency translation


33,250Balance at December 31, 2009


885,5172010 acquisitions


32,823Adjustments to previous acquisitions


(409
)Income tax benefit on Rollover options exercised


(4,394
)Effect of foreign currency translation


13,131Balance at December 31, 2010

$
926,668       December 31,2010


2009Customer relationships

$
245,832


$
233,505Completed technology


72,621



68,166Trade names


18,519



18,276Other


2,372



2,299339,344



322,246Less: accumulated amortization


(152,698
)


(116,245
)$
186,646


$
206,001     Year Ending December 31,2011

$
35,4252012


32,6032013


29,6472014


26,7582015


23,631$
148,064   Impairment
    of Long-Lived Assets
   F-11




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Concentration
    of Credit Risk
    International
    Operations and Foreign Currency
    Derivative
    Instruments
          Comprehensive
    Income
   F-12




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      Reclassifications
    Recent
    Accounting Pronouncements
    3.
    Accounts
    Receivable    December 31,2010


2009Accounts receivable

$
31,375


$
30,838Unbilled accounts receivable


16,142



12,187Allowance for doubtful accounts


(1,986
)


(1,425
)Total accounts receivable

$
45,531


$
41,600     Year Ended December 31,Allowance for Doubtful Accounts:

2010


2009


2008Balance at beginning of period

$
1,425


$
1,444


$
1,223Charge to costs and expenses


831



213



865Write-offs, net of recoveries


(364
)


(313
)


(524
)Other adjustments


94



81



(120
)Balance at end of period

$
1,986


$
1,425


$
1,444  F-13




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    4.
    Stockholders
    Equity    Form 10-K
  5.
    Income
    Taxes    Year Ended December 31,2010


2009


2008U.S.

$
20,712


$
9,749


$
6,671Foreign


23,735



19,073



19,276Income before income taxes

$
44,447


$
28,822


$
25,947     Year Ended December 31,2010


2009


2008Current:Federal

$
12,717


$
8,334


$
6,580Foreign


9,464



8,727



7,746State


3,698



1,559



94Total


25,879



18,620



14,420Deferred:Federal


(7,207
)


(8,063
)


(7,129
)Foreign


(2,605
)


(1,902
)


(1,602
)State


(4,033
)


1,149



1,457Total


(13,845
)


(8,816
)


(7,274
)Total

$
12,034


$
9,804


$
7,146  F-14




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Year Ended December 31,2010


2009


2008Computed expected tax expense

$
15,556


$
10,087


$
9,081Increase (decrease) in income tax expense resulting from:State income taxes (net of federal income tax benefit)


1,790



1,775



1,008Foreign operations


(2,950
)


(2,258
)


(2,333
)Rate change impact on tax liabilities


(1,024
)






(581
)Uncertain tax positions


(1,051
)


466



702Other


(287
)


(266
)


(731
)Provision (benefit) for income taxes

$
12,034


$
9,804


$
7,146     2010


2009Deferred


Deferred


Deferred


DeferredTax


Tax


Tax


TaxAssets


Liabilities


Assets


LiabilitiesDeferred compensation

$
12,419


$



$
9,186


$
Tax credit carryforwards


3,020







3,348



Accrued expenses


1,618







1,720



Net operating loss carryforwards


1,556







1,449



Acquired technology


1,518







126



Impaired investment interest


828







860



Purchased in-process research and development


684







1,002



Other


121







454



Interest rate swap










1,736



Property and equipment






1,227







932Trade names






3,940







5,004Other intangible assets






7,853







6,316Customer relationships






46,405







54,156Total


21,764



59,425



19,881



66,408Valuation allowance


(1,245
)






(1,202
)


Total

$
20,519


$
59,425


$
18,679


$
66,408   non-U.S. subsidiaries
     F-15




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      Balance at January 1, 2009

$
5,793Increases related to current year tax positions


2,041Settlements with tax authorities


(262
)Lapse of statutes of limitation


(30
)Foreign exchange translation adjustment


723Balance at December 31, 2009


8,265Increases related to current year tax positions


2,503Settlements with tax authorities


(318
)Lapse of statutes of limitation


(1,180
)Foreign exchange translation adjustment


267Balance at December 31, 2010

$
9,537       6.
    Debt,
    Derivative Instruments, and Capital Leases    December 31,2010


2009Senior credit facility, revolving portion (A)

$



$
2,000Senior credit facility, term loan portion, weighted-average
    interest rate of 2.55% and 2.39%, respectively (A)


157,499



190,032113/4% senior
    subordinated notes due 2013 (B)


133,250



205,000Capital leases


45



227290,794



397,259Short-term borrowings and current portion of long-term debt


(1,702
)


(4,270
)Long-term debt

$
289,092


$
392,989  F-16




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  3 4
  (A)
    Senior
    Credit Facilities       F-17




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
        (B)
    113/4% Senior
    Subordinated Notes due 2013  3 4 pari passu
  3 4
   F-18




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      Year Ending December 31,2011

$
1,7022012


155,8422013


133,2502014


2015


$
290,794   7.
    Fair
    Value Measurements    Valuation Hierarchy.
    Fair Values at December 31, 2010

Level 1


Level 2


Level 3Assets

$



$



$
LiabilitiesContingent consideration

$



$



$
Total liabilities

$



$



$
   F-19




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  Fair Values at December 31, 2009

Level 1


Level 2


Level 3Assets

$



$



$
LiabilitiesDerivative financial instrument

$



$
4,159


$
Contingent consideration










1,000Total liabilities

$



$
4,159


$
1,000   Valuation Techniques.
      2010


2009Carrying


Fair


Carrying


FairAmount


Value


Amount


ValueFinancial liabilities:Senior credit facility

$
157,499


$
157,499


$
192,032


$
192,032113/4% Senior
    subordinated notes due 2013


133,250



137,839



205,000



217,300     8.
    Leases   F-20




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Year Ending December 31,2011

$
8,8592012


7,6512013


7,1732014


5,5082015


4,7342016 and thereafter


18,144$
52,069       Year Ending December 31,2011

$
1,3712012


1,3712013


1,3712014


228$
4,341   9.
    Defined
    Contribution Plans      10.
    Stock
    Options and Stock-based Compensation   F-21




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      Time-based options.
    Time-Based Awards2010


2009Expected term to exercise (years)


4.0



4.0Expected volatility


36.33
%


34.24
%Risk-free interest rate


1.95
%


1.89
%Expected dividend yield


0
%


0
%     Performance-based options.
  
    In March 2008, Holdings Board of Directors approved
    (i) the vesting, conditioned upon the Companys EBITDA
    for 2008 falling within the targeted range, of the 2006 and 2007
    performance-based options that did not otherwise vest during
    2006 or 2007, and (ii) the reduction of the Companys
    annual EBITDA target range for 2008. As of that date, the
    Company estimated the weighted-average fair value F-22




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  of its performance-based options that vest upon the attainment
    of the 2008 EBITDA target range to be $4.83. In estimating the
    common stock value, the Company valued the Company using several
    methods, including the income approach, guideline company method
    and comparable transaction method. The Company used the
    following weighted-average assumptions to estimate the option
    value: expected term to exercise of 2.5 years; expected
    volatility of 26.0%; risk-free interest rate of 1.735%; and no
    dividend yield. Expected volatility is based on the historical
    volatility of the Companys peer group. Expected term to
    exercise is based on the Companys historical stock option
    exercise experience, adjusted for the Transaction.  
    In February 2009, the Board of Directors of Holdings approved
    the vesting of the 2006, 2007 and 2008 performance-based options
    that did not otherwise vest during 2008 and established the
    Companys annual EBITDA target range for 2009. As of that
    date, the Company estimated the weighted-average fair value of
    the performance-based options that were vested by the Board and
    those that vest upon the attainment of the 2009 EBITDA target
    range to be $3.65. In estimating the common stock value, the
    Company valued the Company using the income approach and the
    guideline company method. The Company used the following
    weighted-average assumptions to estimate the option value:
    expected term to exercise of 2.5 years; expected volatility
    of 38.0%; risk-free interest rate of 1.2%; and no dividend
    yield. Expected volatility is based on the historical volatility
    of the Companys peer group. Expected term to exercise is
    based on the Companys historical stock option exercise
    experience, adjusted for the Transaction.
    In February 2010, the Companys Board of Directors
    established SS&Cs annual EBITDA target range for
    2010. As of that date, the Company estimated the
    weighted-average fair value of the performance-based options
    that vest upon the attainment of the 2010 EBITDA target range to
    be $6.90 per share. In estimating the common stock value, the
    Company valued the Company using the income approach and the
    guideline company method. The Company used the following
    weighted-average assumptions to estimate the option value:
    expected term to exercise of 2.5 years; expected volatility
    of 43.0%; risk-free interest rate of 1.2%; and no dividend
    yield. Expected volatility is based on a combination of the
    Companys historical volatility adjusted for the
    Transaction and historical volatility of the Companys peer
    group. Expected term to exercise is based on the Companys
    historical stock option exercise experience, adjusted for the
    Transaction.
    In February 2010, the Companys Board of Directors amended
    the 2006 Plan to provide for the conversion of the outstanding
    performance-based options that would vest only upon a change in
    control into performance-based options that vest 50% based on
    EBITDA performance in each of 2010 and 2011. This amendment
    affected 1,680,868 outstanding options.   F-23




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    Statement of Operations Classification

2010


2009


2008Cost of maintenance

$
341


$
114


$
142Cost of professional services


485



208



240Cost of software-enabled services


2,786



1,133



1,621Total cost of revenues


3,612



1,455



2,003Selling and marketing


1,962



954



1,184Research and development


1,346



600



777General and administrative(1)


6,334



2,598



3,359Total operating expenses


9,642



4,152



5,320Total stock-based compensation expense

$
13,254


$
5,607


$
7,323     (1)
    
    For the year ended December 31, 2010, includes stock-based
    compensation expense of $0.6 million associated with
    restricted Class A stock. At December 31, 2010, there
    was approximately $1.6 million of unearned non-cash
    stock-based compensation related to the restricted stock that
    the Company expects to recognize as expense over an average
    remaining period of approximately 2 years.     F-24




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    WeightedAverageShares


Exercise PriceOutstanding at December 31, 2007


13,775,664


$
6.80Granted






Cancelled/forfeited


(622,360
)


8.88Exercised


(291,184
)


8.24Outstanding at December 31, 2008


12,862,120



6.67Granted


357,041



11.35Cancelled/forfeited


(219,010
)


8.91Exercised


(262,592
)


7.62Outstanding at December 31, 2009


12,737,559



6.74Granted(1)


2,154,135



14.67Cancelled/forfeited


(224,125
)


13.60Exercised


(2,485,377
)


4.35Outstanding at December 31, 2010


12,182,192



8.51     (1)
    
    Of the grants during 2010, 1,636,335 were granted under the 2008
    Plan and 517,800 were granted under the 2006 Plan.    Outstanding, Vested Options Currently Exercisable


Outstanding Options Expected to VestWeighted











WeightedWeighted





Average





Weighted





AverageAverage





Remaining





Average





RemainingExercise


Aggregate


Contractual





Exercise


Aggregate


ContractualShares

Price


Intrinsic Value


Term (Years)


Shares


Price


Intrinsic Value


Term (Years)(In thousands)











(In thousands)9,193,833

$
7.08


$
123,435



4.7



2,131,119


$
14.50


$
12,803



9.16   11.
    Acquisitions  TimeShareWare
     F-25




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      Thinkorswim
    Technologies, Inc.
        Geller
    Investment Partnership Services
       F-26




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  Tradeware
    Global Corp.
      TheNextRound,
    Inc.
       F-27




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  MAXIMIS
      Evare,
    LLC
      Micro
    Design Services, LLC
     F-28




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
      TSW


TOS


GIPS


Tradeware


TNR


MAXIMIS


Evare


MDSTangible assets acquired, net of cash received

$
187


$
33


$
32


$
1,795


$
1,155


$
143


$
1,090


$
1,216Accounts receivable


2,994



770



1,680



1,212



3,362







928



Completed technology


3,000



480







2,700



3,200



1,485







2,300Trade names


200











300



200



110



150



155Acquired client relationships and contracts


5,900



1,950



2,500



8,300



4,800



5,420



1,720



5,370Non-compete agreements


















100











Goodwill


22,397



2,022



8,404



15,295



13,057



821



500



8,790Deferred revenue


(735
)






(1,126
)


(2
)


(3,172
)


(965
)


(28
)


(114
)Deferred taxes


(3,484
)










(2,981
)














Other liabilities assumed


(1,199
)


(27
)


(118
)


(4,236
)


(3,980
)


(108
)


(810
)


(18
)Consideration paid, net of cash acquired

$
29,260


$
5,228


$
11,372


$
22,383


$
18,722


$
6,906


$
3,550


$
17,699           F-29




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  2010


2009Revenues

$
343,266


$
320,111Net income

$
35,278


$
22,408   12.
    Related
    Party Transactions        13.
    Commitments
    and Contingencies    14.
    Product
    and Geographic Sales Information       F-30




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    2010


2009


2008United States

$
224,630


$
172,323


$
169,749Canada


49,704



41,708



44,112Americas, excluding United States and Canada


6,152



7,393



4,448Europe


40,285



42,152



53,860Asia-Pacific and Japan


8,134



7,339



7,837$
328,905


$
270,915


$
280,006     2010


2009United States

$
14,691


$
18,146Canada


4,460



4,906Americas, excluding United States and Canada


109



100Europe


687



460Asia-Pacific and Japan


792



650$
20,739


$
24,262     2010


2009


2008Portfolio management/accounting

$
261,736


$
222,208


$
225,567Trading/treasury operations


40,239



22,952



27,664Financial modeling


8,786



8,475



8,685Loan management/accounting


4,974



4,608



5,189Property management


5,578



5,343



5,874Money market processing


5,143



4,514



4,032Training


2,449



2,815



2,995$
328,905


$
270,915


$
280,006   15.
    Selected
    Quarterly Financial Data 
    (Unaudited)    First


Second


Third


FourthQuarter


Quarter(1)


Quarter


Quarter(In thousands)2010Revenue

$
78,174


$
81,618


$
83,003


$
86,110Gross profit


39,012



40,678



40,666



42,617Operating income


19,421



19,789



19,585



21,045Net income


9,021



4,362



9,854



9,176     (1)
    
    During the second quarter of 2010, the Company recognized a loss
    on extinguishment of debt of $5.5 million, which decreased
    net income for the period.  F-31




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  First


Second


Third


FourthQuarter


Quarter


Quarter


Quarter(In thousands)2009Revenue

$
63,722


$
67,251


$
68,897


$
71,045Gross profit


30,650



32,730



34,096



35,699Operating income


14,473



15,835



17,663



19,132Net income


3,898



3,491



5,607



6,022   16.
    Subsequent
    Events  Follow-on public offering. 30-day
  Redemption of senior subordinated notes. 3 4
  Overallotment option from follow-on public offering
    (unaudited).
  Acquisition (unaudited).
  17.
    Supplemental
    Guarantor Condensed Consolidating Financial Statements  3 4
 F-32




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
    December 31, 2010Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalCash and cash equivalents

$
67,256


$
2,272


$
15,315


$



$
84,843Accounts receivable, net


22,607



9,521



13,403







45,531Prepaid expenses and other current assets


2,527



709



2,696







5,932Prepaid income taxes


669







1,573







2,242Deferred income taxes


731



293



118







1,142Property and equipment, net


7,785



1,148



4,637







13,570Investment in subsidiaries


260,411











(260,411
)


Intercompany balances


98,707



414



(99,121
)






Deferred income taxes, long-term










686







686Goodwill, intangible and other assets, net


739,417



88,463



293,900







1,121,780Total assets

$
1,200,110


$
102,820


$
233,207


$
(260,411
)

$
1,275,726Current portion of long-term debt

$
1,410


$



$
292


$



$
1,702Accounts payable


2,099



90



1,601







3,790Accrued expenses


18,286



3,568



7,357







29,211Income taxes payable


(1,548
)


101



1,447







Deferred maintenance and other revenue


29,653



3,498



8,520







41,671Long-term debt, net of current portion


261,524







27,568







289,092Other long-term liabilities


6,223







6,120







12,343Deferred income taxes, long-term


25,280



6,181



9,273







40,734Total liabilities


342,927



13,438



62,178







418,543Stockholders equity


857,183



89,382



171,029



(260,411
)


857,183Total liabilities and stockholders equity

$
1,200,110


$
102,820


$
233,207


$
(260,411
)

$
1,275,726   F-33




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  December 31, 2009Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalCash and cash equivalents

$
6,226


$
1,087


$
11,742


$



$
19,055Accounts receivable, net


24,958



5,898



10,744







41,600Prepaid expenses and other current assets


3,440



575



2,149







6,164Prepaid income taxes


669















669Deferred income taxes


1,321



220



239







1,780Property and equipment, net


7,998



1,620



4,418







14,036Investment in subsidiaries


193,769











(193,769
)


Intercompany balances


104,903



(6,353
)


(98,550
)






Deferred income taxes, long-term










499







499Goodwill, intangible and other assets, net


754,745



60,997



286,096







1,101,838Total assets

$
1,098,029


$
64,044


$
217,337


$
(193,769
)

$
1,185,641Current portion of long-term debt

$
3,725


$



$
545


$



$
4,270Accounts payable


1,935



1,043



1,826







4,804Accrued expenses


23,733



3,813



6,155







33,701Income taxes payable


739



(63
)


27







703Deferred maintenance and other revenue


29,308



2,888



8,204







40,400Long-term debt, net of current portion


351,624







41,365







392,989Other long-term liabilities


3,482



384



6,898







10,764Deferred income taxes, long-term


37,496



3,265



11,262







52,023Total liabilities


452,042



11,330



76,282







539,654Stockholders equity


645,987



52,714



141,055



(193,769
)


645,987Total liabilities and stockholders equity

$
1,098,029


$
64,044


$
217,337


$
(193,769
)

$
1,185,641   F-34




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  For the Year Ended December 31, 2010Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalRevenues

$
148,103


$
96,236


$
86,198


$
(1,632
)

$
328,905Cost of revenues


81,640



54,178



31,709



(1,595
)


165,932Gross profit


66,463



42,058



54,489



(37
)


162,973Operating expenses:Selling & marketing


14,812



4,118



6,336



(37
)


25,229Research & development


16,559



6,806



8,077







31,442General & administrative


19,179



2,690



4,593







26,462Total operating expenses


50,550



13,614



19,006



(37
)


83,133Operating income


15,913



28,444



35,483







79,840Interest expense, net


(19,641
)


5



(10,776
)






(30,412
)Loss on extinguishment of debt


(5,480
)














(5,480
)Other income (expense), net


1,961



(489
)


(973
)






499(Loss) income before income taxes


(7,247
)


27,960



23,734







44,447(Benefit) provision for income taxes


128



5,047



6,859







12,034Equity in net income of subsidiaries


39,788











(39,788
)


Net income

$
32,413


$
22,913


$
16,875


$
(39,788
)

$
32,413   For the Year Ended December 31, 2009Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalRevenues

$
119,150


$
72,564


$
80,793


$
(1,592
)

$
270,915Cost of revenues


64,330



44,383



30,619



(1,592
)


137,740Gross profit


54,820



28,181



50,174







133,175Operating expenses:Selling & marketing


12,212



2,690



5,460







20,362Research & development


15,426



3,505



7,582







26,513General & administrative


14,310



913



3,974







19,197Total operating expenses


41,948



7,108



17,016







66,072Operating income


12,872



21,073



33,158







67,103Interest expense, net


(25,204
)






(11,659
)






(36,863
)Other income (expense), net


1,585



(577
)


(2,426
)






(1,418
)(Loss) income before income taxes


(10,747
)


20,496



19,073







28,822(Benefit) provision for income taxes


(637
)


3,850



6,591







9,804Equity in net income of subsidiaries


29,128











(29,128
)


Net income

$
19,018


$
16,646


$
12,482


$
(29,128
)

$
19,018   F-35




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  For the Year Ended December 31, 2008Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalRevenues

$
115,501


$
78,577


$
87,514


$
(1,586
)

$
280,006Cost of revenues


65,069



44,268



34,682



(1,586
)


142,433Gross profit


50,432



34,309



52,832







137,573Operating expenses:Selling & marketing


12,085



1,799



5,682







19,566Research & development


14,237



4,163



8,404







26,804General & administrative


18,995



1,318



5,807







26,120Total operating expenses


45,317



7,280



19,893







72,490Operating income


5,115



27,029



32,939







65,083Interest expense, net


(26,117
)


(3
)


(15,010
)






(41,130
)Other income, net


541



106



1,347







1,994(Loss) income before income taxes


(20,461
)


27,132



19,276







25,947(Benefit) provision for income taxes


(4,905
)


5,657



6,394







7,146Equity in net income of subsidiaries


34,357











(34,357
)


Net income

$
18,801


$
21,475


$
12,882


$
(34,357
)

$
18,801   F-36




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  For the Year Ended December 31, 2010Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalCash Flow from Operating Activities:Net income

$
32,413


$
22,913


$
16,875


$
(39,788
)

$
32,413Non-cash adjustments


(8,992
)


5,631



8,069



39,788



44,496Changes in operating assets and liabilities


5,107



(3,881
)


(2,568
)






(1,342
)Net cash provided by operating activities


28,528



24,663



22,376







75,567Cash Flow from Investment Activities:Intercompany transactions


(4,553
)


6,213



(1,660
)






Cash paid for businesses acquired, net of cash acquired


(16,600
)


(29,260
)


45







(45,815
)Additions to property and equipment and software


(2,893
)


(353
)


(1,588
)






(4,834
)Additions to capitalized software


(354
)


(155
)










(509
)Proceeds from sale of property and equipment


52



77



(70
)






59Net cash used in investing activities


(24,348
)


(23,478
)


(3,273
)






(51,099
)Cash Flow from Financing Activities:Net repayments of debt


(92,415
)






(15,705
)






(108,120
)Transactions involving SS&C Technologies Holdings, Inc.
    common stock


149,266















149,266Net cash used in financing activities


56,851







(15,705
)






41,146Effect of exchange rate changes on cash










174







174Net decrease in cash and cash equivalents


61,031



1,185



3,572







65,788Cash and cash equivalents, beginning of period


6,226



1,087



11,742







19,055Cash and cash equivalents, end of period

$
67,257


$
2,272


$
15,314


$



$
84,843   F-37




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  For the Year Ended December 31, 2009Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalCash Flow from Operating Activities:Net income

$
19,018


$
16,646


$
12,482


$
(29,128
)

$
19,018Non-cash adjustments


(4,235
)


3,406



7,007



29,128



35,306Changes in operating assets and liabilities


3,381



1,747



400







5,528Net cash provided by operating activities


18,164



21,799



19,889







59,852Cash Flow from Investment Activities:Intercompany transactions


26,245



(6,246
)


(19,999
)






Cash paid for businesses acquired, net of cash acquired


(29,178
)


(19,561
)


(2,738
)






(51,477
)Additions to property and equipment and software


(1,636
)


(85
)


(838
)






(2,559
)Additions to capitalized software


(101
)














(101
)Proceeds from sale of property and equipment










3







3Net cash used in investing activities


(4,670
)


(25,892
)


(23,572
)






(54,134
)Cash Flow from Financing Activities:Net repayments of debt


(17,380
)






(299
)






(17,679
)Transactions involving SS&C Technologies Holdings, Inc.
    common stock


(217
)














(217
)Net cash used in financing activities


(17,597
)






(299
)






(17,896
)Effect of exchange rate changes on cash










1,934







1,934Net decrease in cash and cash equivalents


(4,103
)


(4,093
)


(2,048
)






(10,244
)Cash and cash equivalents, beginning of period


10,329



5,180



13,790







29,299Cash and cash equivalents, end of period

$
6,226


$
1,087


$
11,742


$



$
19,055   F-38




---



##### Table of Contents



SS&C
    Technologies, Inc. and subsidiaries
  Notes to
    consolidated financial
    statements  (Continued)
  For the Year Ended December 31, 2008Total


Total Non-


ConsolidatingSS&C


Guarantors


Guarantors


Adjustments


TotalCash Flow from Operating Activities:Net income

$
18,801



21,475


$
12,882


$
(34,357
)

$
18,801Non-cash adjustments


(6,424
)


3,320



9,032



34,357



40,285Changes in operating assets and liabilities


3,305



(1,200
)


464







2,569Net cash provided by operating activities


15,682



23,595



22,378







61,655Cash Flow from Investment Activities:Intercompany transactions


(1,011
)


(1,771
)


2,782







Cash paid for businesses acquired, net of cash acquired






(17,864
)










(17,864
)Additions to property and equipment


(2,662
)


(764
)


(3,320
)






(6,746
)Proceeds from sale of property and equipment


2















2Net cash used in investing activities


(3,671
)


(20,399
)


(538
)






(24,608
)Cash Flow from Financing Activities:Net repayments of debt


(10,755
)






(14,819
)






(25,574
)Transactions involving SS&C Technologies Holdings, Inc.
    common stock


42















42Net cash used in financing activities


(10,713
)






(14,819
)






(25,532
)Effect of exchange rate changes on cash










(1,391
)






(1,391
)Net increase in cash and cash equivalents


1,298



3,196



5,630







10,124Cash and cash equivalents, beginning of period


9,031



1,984



8,160







19,175Cash and cash equivalents, end of period

$
10,329


$
5,180


$
13,790


$



$
29,299  F-39




---



##### Table of Contents



EXHIBIT INDEX  ExhibitNumber

Description of Exhibit2
.1

Agreement and Plan of Merger, dated as of July 28, 2005, by
    and among Sunshine Acquisition Corporation, Sunshine Merger
    Corporation and the Registrant is incorporated herein by
    reference to Exhibit 2.1 to the Registrants Current
    Report on
    Form 8-K,
    filed on July 28, 2005 (File
    No. 000-28430)2
.2

Amendment No. 1 to Agreement and Plan of Merger, dated as
    of August 25, 2005, by among Sunshine Acquisition
    Corporation, Sunshine Merger Corporation and the Registrant is
    incorporated herein by reference to Exhibit 2.1 to the
    Registrants Current Report on
    Form 8-K,
    filed on August 30, 2005 (File
    No. 000-28430)2
.3

Asset Purchase Agreement, dated September 30, 2008, by and
    among SS&C Technologies New Jersey, Inc., Micro Design
    Services, LLC and, for the limited purposes stated therein,
    Roman J. Szymansky and Xavier F. Gonzalez is incorporated herein
    by reference to Exhibit 2.1 to the Registrants
    Current Report on
    Form 8-K,
    filed on October 2, 2008 (File
    No. 333-135139)3
.1

Restated Certificate of Incorporation of the Registrant is
    incorporated herein by reference to Exhibit 3.1 to the
    Registrants Registration Statement on
    Form S-4,
    as amended (File
    No. 333-135139)
    (the
    Form S-4)3
.2

Bylaws of the Registrant are incorporated herein by reference to
    Exhibit 3.2 to the
    Form S-44
.1

Indenture, dated as of November 23, 2005, among Sunshine
    Acquisition II, Inc., the Registrant, the Guarantors named on
    the signature pages thereto, and Wells Fargo Bank, National
    Association, as Trustee, relating to the
    113/4% Senior
    Subordinated Notes due 2013, including the form of
    113/4% Senior
    Subordinated Note due 2013, is incorporated herein by reference
    to Exhibit 4.1 to the
    Form S-44
.2

First Supplemental Indenture, dated as of April 27, 2006,
    among Cogent Management Inc., the Registrant and Wells Fargo
    Bank, National Association, as Trustee, relating to the
    113/4% Senior
    Subordinated Notes due 2013, is incorporated herein by reference
    to Exhibit 4.2 to the
    Form S-44
.3

Guarantee of
    113/4% Senior
    Subordinated Notes due 2013 by Financial Models Company Ltd.,
    Financial Models Holdings Inc., SS&C
    Fund Administration Services LLC, OMR Systems Corporation
    and Open Information Systems, Inc. is incorporated herein by
    reference to Exhibit 4.3 to the
    Form S-44
.4

Guarantee of
    113/4% Senior
    Subordinated Notes due 2013 by Cogent Management Inc. is
    incorporated herein by reference to Exhibit 4.4 to the
    Form S-44
.5

Registration Rights Agreement, dated as of November 23,
    2005, among Sunshine Acquisition II, Inc., the Registrant and
    the Guarantors named therein, as Issuers, and Wachovia Capital
    Markets, LLC, J.P. Morgan Securities Inc. and Banc of
    America Securities LLC, as Initial Purchasers, is incorporated
    herein by reference to Exhibit 4.5 to the
    Form S-44
.6

Purchase Agreement, dated as of November 17, 2005, between
    Sunshine Acquisition II, Inc. and the Initial Purchasers named
    in Schedule I thereto is incorporated herein by reference
    to Exhibit 4.6 to the
    Form S-44
.7

Joinder Agreement, dated as of November 23, 2005, executed
    by the Registrant, Financial Models Company Ltd., Financial
    Models Holdings Inc., SS&C Fund Administration
    Services LLC, OMR Systems Corporation and Open Information
    Systems, Inc. is incorporated herein by reference to
    Exhibit 4.7 to the
    Form S-44
.8

Joinder Agreement, dated as of April 27, 2006, executed by
    Cogent Management Inc. is incorporated herein by reference to
    Exhibit 4.8 to the
    Form S-44
.9

Second Supplemental Indenture, dated as of September 1,
    2009, among SS&C Technologies Connecticut, LLC, the
    Registrant and Wells Fargo Bank, National Association, as
    Trustee, relating to the
    113/4% Senior
    Subordinated Notes due 2013, is incorporated herein by reference
    to Exhibit 10.3 to the Registrants Current Report on
    Form 8-K,
    filed on September 4, 2009 (File
    No. 000-28430)
    (the September 4, 2009
    8-K)4
.10

Third Supplemental Indenture, dated as of December 22,
    2009, among TheNextRound, Inc., the Registrant and Wells Fargo
    Bank, National Association, as Trustee, relating to the
    113/4% Senior
    Subordinated Notes due 2013, is incorporated herein by reference
    to Exhibit 10.2 to the Registrants Current Report on
    Form 8-K,
    filed on December 23, 2009 (File
    No. 000-28430)
    (the December 23, 2009
    8-K)




---



##### Table of Contents



ExhibitNumber

Description of Exhibit4
.11

Guarantee of
    113/4% Senior
    Subordinated Notes due 2013 by SS&C Technologies
    Connecticut, LLC is incorporated herein by reference to
    Exhibit 10.4 to the September 4, 2009
    8-K4
.12

Guarantee of
    113/4% Senior
    Subordinated Notes due 2013 by TheNextRound, Inc. is
    incorporated herein by reference to Exhibit 10.3 to the
    December 23, 2009
    8-K4
.13

Joinder Agreement, dated as of September 1, 2009, executed
    by SS&C Technologies Connecticut, LLC is incorporated
    herein by reference to Exhibit 10.5 to the
    September 4, 2009
    8-K4
.14

Joinder Agreement, dated as of December 22, 2009, executed
    by TheNextRound, Inc. is incorporated herein by reference to
    Exhibit 10.4 to the December 23, 2009
    8-K4
.15

Fourth Supplemental Indenture, dates as of April 12, 2010,
    among Tradeware Global Corp., the Registrant and Wells Fargo
    Bank, National Association, as Trustee, relating to the
    113/4% Senior
    Subordinated Notes due 2013, is incorporated herein by reference
    to Exhibit 10.2 to the Registrants Current Report on
    Form 8-K,
    filed on April 15, 2010 (File
    No. 001-34675)
    (the April 15, 2010
    8-K)4
.16

Guarantee of
    113/4% Senior
    Subordinated Notes due 2014 by Tradeware Global Corp. is
    incorporated by reference to Exhibit 10.3 to the
    April 15, 2010
    8-K4
.17

Joinder Agreement, dated as of April 12, 2010, executed by
    Tradeware Global Corp. is incorporated herein by reference to
    Exhibit 10.4 to the April 15, 2010
    8-K10
.1

Credit Agreement, dated as of November 23, 2005, among
    Sunshine Acquisition II, Inc., the Registrant, SS&C
    Technologies Canada Corp., the several lenders from time to time
    parties thereto, JPMorgan Chase Bank, N.A., as Administrative
    Agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian
    Administrative Agent, Wachovia Bank, National Association, as
    Syndication Agent, and Bank of America, N.A., as Documentation
    Agent, is incorporated herein by reference to Exhibit 10.1
    to the
    Form S-410
.2

Guarantee and Collateral Agreement, dated as of
    November 23, 2005, made by Sunshine Acquisition
    Corporation, Sunshine Acquisition II, Inc., the Registrant and
    certain of its subsidiaries in favor of JPMorgan Chase Bank,
    N.A., as Administrative Agent, is incorporated herein by
    reference to Exhibit 10.2 to the
    Form S-410
.3

CDN Guarantee and Collateral Agreement, dated as of
    November 23, 2005, made by SS&C Technologies Canada
    Corp. and 3105198 Nova Scotia Company in favor of JPMorgan Chase
    Bank, N.A., Toronto Branch, as Canadian Administrative Agent, is
    incorporated herein by reference to Exhibit 10.3 to the
    Form S-410
.4

Assumption Agreement, dated as of April 27, 2006, made by
    Cogent Management Inc., in favor of JPMorgan Chase Bank, N.A.,
    as Administrative Agent, is incorporated herein by reference to
    Exhibit 10.4 to the
    Form S-410
.5*

Stockholders Agreement of Sunshine Acquisition Corporation,
    dated as of November 23, 2005, by and among Sunshine
    Acquisition Corporation, Carlyle Partners IV, L.P., CP IV
    Coinvestment, L.P., William C. Stone and Other Executive
    Stockholders (as defined therein) is incorporated herein by
    reference to Exhibit 10.5 to the
    Form S-410
.6

Registration Rights Agreement, dated as of November 23,
    2005, by and among Sunshine Acquisition Corporation, Carlyle
    Partners IV, L.P., CP IV Coinvestment, L.P., William C. Stone
    and Other Executive Investors (as defined therein) is
    incorporated herein by reference to Exhibit 10.6 to the
    Form S-410
.7*

Form of Service Provider Stockholders Agreement by and among
    Sunshine Acquisition Corporation, Carlyle Partners IV, L.P., CP
    IV Coinvestment, L.P. and the Service Provider Stockholders (as
    defined therein) is incorporated herein by reference to
    Exhibit 10.7 to the
    Form S-410
.8

SS&C Technologies, Inc. Management Rights Agreement, dated
    as of November 23, 2005, by and among Carlyle Partners IV,
    L.P., CP IV Coinvestment, L.P., Sunshine Acquisition Corporation
    and the Registrant is incorporated herein by reference to
    Exhibit 10.9 to the
    Form S-410
.9*

1998 Stock Incentive Plan, including form of stock option
    agreement, is incorporated herein by reference to
    Exhibit 10.10 to the
    Form S-410
.10*

1999 Non-Officer Employee Stock Incentive Plan, including form
    of stock option agreement, is incorporated herein by reference
    to Exhibit 10.11 to the
    Form S-4




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##### Table of Contents



ExhibitNumber

Description of Exhibit10
.11*

Form of Option Assumption Notice for 1998 Stock Incentive Plan
    and 1999 Non-Officer Employee Stock Incentive Plan is
    incorporated herein by reference to Exhibit 10.12 to the
    Form S-410
.12*

2006 Equity Incentive Plan is incorporated herein by reference
    to Exhibit 10.1 to the Registrants Current Report on
    Form 8-K,
    filed on August 15, 2006 (File
    No. 333-135139)
    (the August 15, 2006
    8-K)10
.13*

Forms of 2006 Equity Incentive Plan Amended and Restated Stock
    Option Grant Notice and Amended and Restated Stock Option
    Agreement are incorporated herein by reference to
    Exhibit 10.2 to the Registrants Current Report on
    Form 8-K,
    filed on March 2, 2010 (File
    No. 000-28430)
    (the March 2, 2010
    8-K)10
.14*

Form of Stock Award Agreement is incorporated herein by
    reference to Exhibit 10.4 to the August 15, 2006
    8-K10
.15*

Employment Agreement, dated as of March 11, 2010, by and
    among William C. Stone, SS&C Technologies Holdings, Inc.
    and the Registrant is incorporated herein by reference to
    Exhibit 10.27 to SS&C Technologies Holding,
    Inc.s Registration Statement on
    Form S-1,
    as amended (File
    No. 333-164043)
    (the 2010
    Form S-1)10
.16

Lease Agreement, dated September 23, 1997, by and between
    the Registrant and Monarch Life Insurance Company, as amended by
    First Amendment to Lease dated as of November 18, 1997, is
    incorporated herein by reference to Exhibit 10.15 to the
    Registrants Annual Report on
    Form 10-K
    for the year ended December 31, 1997 (File
    No. 000-28430)10
.17

Second Amendment to Lease, dated as of April 1999, between the
    Registrant and New Boston Lamberton Limited Partnership is
    incorporated herein by reference to Exhibit 10.12 to the
    Registrants Annual Report on
    Form 10-K
    for the year ended December 31, 2004 (File
    No. 000-28430)
    (the 2004
    10-K)10
.18

Third Amendment to Lease, effective as of July 1, 1999,
    between the Registrant and New Boston Lamberton Limited
    Partnership is incorporated herein by reference to
    Exhibit 10.13 to the 2004
    10-K10
.19

Fourth Amendment to Lease, effective as of June 7, 2005,
    between the Registrant and New Boston Lamberton Limited
    Partnership, is incorporated herein by reference to
    Exhibit 10.5 to the Registrants Quarterly Report on
    Form 10-Q
    for the quarterly period ended June 30, 2005 (File
    No. 000-28430)
    (the Q2 2005
    10-Q)10
.20

Lease Agreement, dated January 6, 1998, by and between
    Financial Models Company Inc. and Polaris Realty (Canada)
    Limited, as amended by First Amendment of Lease, dated as of
    June 24, 1998, and as amended by Second Lease Amending
    Agreement, dated as of November 13, 1998, is incorporated
    herein by reference to Exhibit 10.6 to the Q2 2005
    10-Q10
.21

First Amendment, dated as of March 6, 2007, to the Credit
    Agreement, dated as of November 23, 2005, among the
    Registrant, SS&C Technologies Canada Corp., as CDN
    Borrower, the several banks and other financial institutions or
    entities from time to time parties to the Credit Agreement as
    lenders, Wachovia Bank, National Association, as Syndication
    Agent, JPMorgan Chase Bank, N.A., as administrative agent and
    JPMorgan Chase Bank, N.A., Toronto Branch, as Canadian
    Administrative Agent, is incorporated herein by reference to
    Exhibit 10.1 to the Registrants Current on
    Form 8-K,
    filed on March 9, 2007 (File
    No. 333-135139)10
.22

Fifth Amendment to Lease, dated as of November 1, 2006, by
    and between the Registrant and New Boston Limited Partnership is
    incorporated herein by reference to Exhibit 10.25 to
    SS&C Technologies Holdings, Inc.s Registration
    Statement on
    Form S-1,
    as amended (File
    No. 333-143719)
    (the
    Form S-1)10
.23*

2008 Stock Incentive Plan is incorporated herein by reference to
    Exhibit 10.26 to the
    Form S-110
.24*

Form of 2008 Stock Incentive Plan Stock Option Grant Notice and
    Stock Option Agreement is incorporated herein by reference to
    Exhibit 10.26 to the 2010
    Form S-110
.25*

Amendment No. 1, dated April 22, 2008, to the
    Stockholders Agreement dated as of November 23, 2005, by
    and among SS&C Technologies Holdings, Inc., Carlyle
    Partners IV, L.P., CP IV Coinvestment, L.P. and William C. Stone
    is incorporated herein by reference to Exhibit 10.28 to the
    Form S-1




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##### Table of Contents



ExhibitNumber

Description of Exhibit10
.26*

Amendment No. 1, dated April 22, 2008, to the Service
    Provider Stockholders Agreement dated as of November 23,
    2005, by and among SS&C Technologies Holdings, Inc.,
    Carlyle Partners IV, L.P. and CP IV Coinvestment, L.P. is
    incorporated herein by reference to Exhibit 10.29 to the
    Form S-110
.27

Assumption Agreement, dated as of August 31, 2009, made by
    SS&C Technologies Connecticut, LLC, in favor of JPMorgan
    Chase Bank, N.A., as Administrative Agent, is incorporated
    herein by reference to Exhibit 10.1 to the
    September 4, 2009
    8-K10
.28

Assumption Agreement, dated as of December 22, 2009, made
    by TheNextRound, Inc., in favor of JPMorgan Chase Bank, N.A., as
    Administrative Agent, is incorporated herein by reference to
    Exhibit 10.1 to the December 23, 2009
    8-K10
.29

Acknowledgment and Confirmation Agreement, dated as of
    August 31, 2009, among SS&C Technologies Canada Corp.,
    JPMorgan Chase Bank, N.A. and JPMorgan Chase Bank, N.A., Toronto
    Branch, is incorporated herein by reference to Exhibit 10.2
    to the September 4, 2009
    8-K10
.30*

Amended and Restated Stock Option Agreement, dated
    February 16, 2010, between SS&C Technologies Holdings,
    Inc. and William C. Stone is incorporated herein by reference to
    Exhibit 10.33 to the Registrants Annual Report on
    Form 10-K,
    filed on February 26, 2010 (File.
    No. 000-28430)10
.31

Assumption Agreement, dated as of April 12, 2010, made by
    Tradeware Global Corp. in favor of JPMorgan Chase Bank, N.A., as
    Administrative Agent, is incorporated herein by reference to
    Exhibit 10.1 to the April 15, 2010
    8-K10
.32

Amendment No. 2, dated March 2, 2010, to the
    Stockholders Agreement dated as of November 23, 2005, as
    amended by Amendment No. 1 to the Stockholders Agreement
    dated April 22, 2008, by and among the Registrant, Carlyle
    Partners IV, L.P., CP IV Coinvestment, L.P. and William C. Stone
    is incorporated herein by reference to Exhibit 10.1 to the
    March 2, 2010
    8-K10
.33

Form of Director Indemnification Agreement is incorporated
    herein by reference to Exhibit 10.35 to the 2010
    Form S-110
.34

Restricted Stock Agreement, dated as of January 21, 2011,
    between SS&C Technologies Holdings, Inc. and William C.
    Stone is incorporated herein by reference to Exhibit 10.34
    to SS&C Technologies Holdings, Inc.s Registration
    Statement on
    Form S-1,
    as amended (File
    No. 333-171673)10
.35

Amendment No. 3, dated March 10, 2011, to the
    Stockholders Agreement dated as of November 23, 2005, as
    amended by Amendment No. 1 to the Stockholders Agreement
    dated April 22, 2008, and Amendment No. 2 to the
    Stockholders Agreement dated March 2, 2010, by and among
    the SS&C Technologies Holdings, Inc., Carlyle Partners IV,
    L.P., CP IV Coinvestment, L.P. and William C. Stone12


Statement of Computation of Ratio of Earnings to Fixed Charges21


Subsidiaries of the Registrant31
.1

Certifications of the Registrants Chief Executive Officer
    pursuant to Section 302 of the Sarbanes-Oxley Act of 200231
.2

Certifications of the Registrants Chief Financial Officer
    pursuant to Section 302 of the Sarbanes-Oxley Act of 200232


Certification of the Registrants Chief Executive Officer
    and Chief Financial Officer pursuant to 18 U.S.C.
    Section 1351, as adopted pursuant to Section 906 of
    the Sarbanes-Oxley Act of 2002     *
    
    Management contract or compensatory plan or arrangement filed
    herewith in response to Item 15(a)(3) of the Instructions
    to the Annual Report on
    Form 10-K.
    
    The Registrant hereby agrees to furnish supplementally a copy of
    any omitted schedules to this agreement to the Securities and
    Exchange Commission upon its request.