SS&a;C Acquires One-Third Interest in Nervanix
OREANDA-NEWS. SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the purchase of an interest in Nervanix, LLC, a Florida-based company that applies advances in the field of neuroscience to improve attention and focus to make learning more efficient and effective. SS&C has also entered into a sales and services agreement with Nervanix.
"We are excited to invest in a technology company at the forefront of adaptive learning," commented Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. "Nervanix products are cutting edge and employ the concept of Attention Adaptivity, a method which uses a learner's attention to create a more effective and efficient training experience. Adding Adam Hall, the founder and CEO of Nervanix, to our management team gives us additional breadth and will help us drive all of our businesses forward."
SS&C's investment in Nervanix will combine its leading adaptive learning capabilities with SS&C's portfolio of solutions including its leading financial services cloud-based learning platform, Zoologic Learning Solutions.
"I'm thrilled to join the SS&C team and look forward to helping the company create the next generation of learning innovations," noted Adam Hall. "SS&C's tremendous strength in financial services learning and training, along with its leadership position in financial technology, not only will accelerate Nervanix's vision, but also provide SS&C's customers with a powerful, integrated solution to transform their end-to-end customer experience."
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients manage an aggregate of over $44 trillion in assets.