10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 10-Q 

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

For the quarterly period ended June 30, 2016

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

For the transition period from        to        

Commission File Number 001-34675

SS&C TECHNOLOGIES HOLDINGS, INC.

(Exact name of Registrant as specified in its charter) 

Delaware	71-0987913
(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)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	o
Non-accelerated filer	o  (Do not check if a smaller reporting company)	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  o    No  x

There were 201,137,804 shares of the registrant’s common stock outstanding as of August 3, 2016.

SS&C TECHNOLOGIES HOLDINGS, INC.

INDEX

	Page Number
PART 1. FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)	3
Condensed Consolidated Balance Sheets at June 30, 2016 and December 31, 2015	3
Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2016 and 2015	4
Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2016 and 2015	5
Notes to Condensed Consolidated Financial Statements	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
Item 3. Quantitative and Qualitative Disclosures About Market Risk	26
Item 4. Controls and Procedures	27
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	27
Item 2. Recent Sales of Unregistered Securities and Use of Proceeds	27
Item 6. Exhibits	28
SIGNATURE	29
EXHIBIT INDEX	30

This Quarterly Report on Form 10-Q may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, the words “believes”, “anticipates”, “plans”, “expects”, “estimates”, “projects”, “forecasts”, “may” and “should” and similar expressions are intended to identify forward-looking statements. The important factors discussed under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission on February 29, 2016, among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. The Company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

Explanatory Note

On June 24, 2016, SS&C Holdings Technologies, Inc. completed a two-for-one stock split, effective in the form of a stock dividend. All share and per share amounts (other than for the Company’s Class A non-voting common stock) have been retroactively restated for all periods presented to reflect the stock split.

2

PART I

Item 1. Financial Statements

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share and per share data) (Unaudited)

	June 30,			December 31,
	2016			2015
ASSETS
Current assets:
Cash and cash equivalents	$	95,222		$	434,159
Accounts receivable, net of allowance for doubtful accounts of $3,957 and $2,957, respectively		239,428			169,951
Prepaid expenses and other current assets		32,598			27,511
Prepaid income taxes		39,319			40,627
Restricted cash		2,818			2,818
Total current assets		409,385			675,066
Property, plant and equipment:
Land		2,655			2,655
Building and improvements		37,042			37,855
Equipment, furniture, and fixtures		112,436			97,274
		152,133			137,784
Less: accumulated depreciation		(82,576	)		(70,641	)
Net property, plant and equipment		69,557			67,143
Deferred income taxes		2,018			2,199
Goodwill (Note 3)		3,636,495			3,549,212
Intangible and other assets, net of accumulated amortization of $634,518 and $536,929, respectively		1,571,384			1,508,622
Total assets	$	5,688,839		$	5,802,242
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 2)	$	30,878		$	32,281
Accounts payable		20,033			11,957
Income taxes payable		—			1,428
Accrued employee compensation and benefits		55,836			83,894
Interest payable		22,386			28,903
Other accrued expenses		45,964			36,231
Deferred revenue		238,785			222,024
Total current liabilities		413,882			416,718
Long-term debt, net of current portion (Note 2)		2,569,971			2,719,070
Other long-term liabilities		61,915			51,434
Deferred income taxes		478,641			509,574
Total liabilities		3,524,409			3,696,796
Commitments and contingencies (Note 8)
Stockholders’ equity (Note 5):
Common stock:
Class A non-voting common stock, $0.01 par value per share, 5,000,000 shares authorized;    0 and 2,703,846 shares issued and outstanding, respectively		—			27
Common stock, $0.01 par value per share, 400,000,000 shares authorized;  201,849,586 shares    and 193,104,452 shares issued, respectively, and 200,276,386 shares and 191,531,574 shares    outstanding, respectively, of which 17,876 and 24,876 are unvested, respectively		2,018			1,932
Additional paid-in capital		1,859,124			1,793,149
Accumulated other comprehensive loss		(100,642	)		(83,170	)
Retained earnings		421,926			411,493
		2,182,426			2,123,431
Less: cost of common stock in treasury, 1,573,200 and 1,572,878 shares, respectively		(17,996	)		(17,985	)
Total stockholders’ equity		2,164,430			2,105,446
Total liabilities and stockholders’ equity	$	5,688,839		$	5,802,242

The accompanying notes are an integral part of these condensed consolidated financial statements.

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SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands, except per share data) (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Revenues:
Software-enabled services	$	244,672		$	150,123		$	450,319		$	303,690
Maintenance and term licenses		103,392			38,978			198,512			78,952
Total recurring revenues		348,064			189,101			648,831			382,642
Perpetual licenses		5,039			12,948			10,254			16,018
Professional services		19,974			10,719			38,123			19,843
Total non-recurring revenues		25,013			23,667			48,377			35,861
Total revenues		373,077			212,768			697,208			418,503
Cost of revenues:
Software-enabled services		146,243			88,548			259,971			177,150
Maintenance and term licenses		46,460			12,338			93,406			26,505
Total recurring cost of revenues		192,703			100,886			353,377			203,655
Perpetual licenses		643			1,021			1,141			2,045
Professional services		17,133			7,596			32,645			16,110
Total non-recurring cost of revenues		17,776			8,617			33,786			18,155
Total cost of revenues		210,479			109,503			387,163			221,810
Gross profit		162,598			103,265			310,045			196,693
Operating expenses:
Selling and marketing		28,535			13,931			58,396			27,318
Research and development		40,827			17,520			77,274			37,128
General and administrative		27,199			13,463			57,894			30,763
Total operating expenses		96,561			44,914			193,564			95,209
Operating income		66,037			58,351			116,481			101,484
Interest expense, net		(32,846	)		(5,419	)		(65,935	)		(11,019	)
Other income (expense), net		12			(164	)		(1,835	)		(1,671	)
Income before income taxes		33,203			52,768			48,711			88,794
Provision for income taxes		4,982			13,640			13,485			23,420
Net income	$	28,221		$	39,128		$	35,226		$	65,374
Basic earnings per share	$	0.14		$	0.23		$	0.18		$	0.39
Basic weighted average number of common shares    outstanding		198,765			170,810			198,143			169,674
Diluted earnings per share	$	0.14		$	0.22		$	0.17		$	0.37
Diluted weighted average number of common and common    equivalent shares outstanding		204,916			179,104			204,596			177,974
Net income	$	28,221		$	39,128		$	35,226		$	65,374
Other comprehensive (loss) income, net of tax:
Foreign currency exchange translation adjustment		(26,793	)		22,808			(17,472	)		(13,411	)
Total comprehensive (loss) income, net of tax		(26,793	)		22,808			(17,472	)		(13,411	)
Comprehensive income	$	1,428		$	61,936		$	17,754		$	51,963

The accompanying notes are an integral part of these condensed consolidated financial statements.

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SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands) (Unaudited)

	For the Six Months Ended June 30,
	2016			2015
Cash flow from operating activities:
Net income	$	35,226		$	65,374
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		113,440			52,103
Stock-based compensation expense		27,913			8,314
Income tax benefit related to exercise of stock options		(23,760	)		(5,065	)
Amortization and write-offs of loan origination costs		5,312			2,874
Loss on sale or disposition of property and equipment		150			209
Deferred income taxes		(24,056	)		(7,395	)
Provision for doubtful accounts		1,257			299
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable		(13,458	)		(1,804	)
Prepaid expenses and other assets		(1,516	)		2,488
Accounts payable		7,870			(2,405	)
Accrued expenses		(25,851	)		(20,186	)
Income taxes prepaid and payable		23,757			11,064
Deferred revenue		13,052			(5,148	)
Net cash provided by operating activities		139,336			100,722
Cash flow from investing activities:
Additions to property and equipment		(13,593	)		(5,750	)
Proceeds from sale of property and equipment		43			—
Cash paid for business acquisitions, net of cash acquired		(317,554	)		(7,863	)
Additions to capitalized software		(3,306	)		(1,792	)
Purchase of long-term investment		(1,000	)		—
Net cash used in investing activities		(335,410	)		(15,405	)
Cash flow from financing activities:
Repayments of debt		(155,325	)		(174,000	)
Proceeds from exercise of stock options		19,212			8,735
Withholding taxes related to equity award net share settlement		(4,615	)		—
Income tax benefit related to exercise of stock options		23,760			5,065
Proceeds from common stock issuance, net		—			717,866
Purchase of common stock for treasury		(11	)		—
Payment of fees related to refinancing activities		(222	)		—
Dividends paid on common stock		(24,790	)		(21,101	)
Net cash (used in) provided by financing activities		(141,991	)		536,565
Effect of exchange rate changes on cash and cash equivalents		(872	)		(1,651	)
Net (decrease) increase in cash and cash equivalents		(338,937	)		620,231
Cash and cash equivalents, beginning of period		434,159			109,577
Cash and cash equivalents, end of period	$	95,222		$	729,808

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1—Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles were applied on a basis consistent with those of the audited consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2016 (the “2015 Form 10-K”). In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments, except as noted elsewhere in the notes to the condensed consolidated financial statements) necessary for a fair statement of its financial position as of June 30, 2016, the results of its operations for the three and six months ended June 30, 2016 and 2015 and its cash flows for the six months ended June 30, 2016 and 2015. These statements do not include all of the information and footnotes required by GAAP for annual financial statements. The financial statements contained herein should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year ended December 31, 2015, which were included in the 2015 Form 10-K. The December 31, 2015 consolidated balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP for annual financial statements. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the expected results for any subsequent quarters or the full year.

Reclassifications

In connection with the acquisition of Advent and the related increase in term license revenues, the Company condensed its presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income to illustrate its two types of revenue streams: recurring revenues and non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. Non-recurring revenues consist of professional services and perpetual licenses.

The Company’s prior presentation required that revenues from term license agreements be allocated between license revenue and maintenance revenue, with the license portion being reported together with revenue from perpetual license agreements as “Software licenses”, and the maintenance portion being reported together with maintenance revenue related to perpetual licenses as “Maintenance”. The Company reclassified $3.1 million and $7.4 million from “Software licenses” to “Maintenance and term licenses” for the three and six months ended June 30, 2015, respectively. In connection with the reclassification of revenues, the Company reclassified the related costs of revenues, which were immaterial. The revised presentation better illustrates the nature of the Company’s revenues and costs of revenues by indicating the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition.

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of this ASU are effective for years beginning after December 15, 2016. Early application is permitted. The Company is currently evaluating the impact of this ASU.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU would require lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date; (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged under the amendments of this ASU. The provisions of this ASU are effective for years beginning after December 15, 2018. The Company is currently evaluating the impact of this ASU.

In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on the Company’s financial position, results of operations or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements;

6

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. On August 12, 2015, the FASB issued ASU No. 2015-14, deferring the effective date by one year for ASU No. 2014-09. The provisions of ASU No. 2014-09 will be effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

Note 2—Debt

At June 30, 2016 and December 31, 2015, debt consisted of the following (in thousands):

	June 30, 2016			December 31, 2015
Senior secured credit facilities, weighted-average interest rate    of 3.91% and 3.94%, respectively	$	2,064,675		$	2,220,000
5.875% senior notes due 2023		600,000			600,000
Unamortized original issue discount and debt issuance costs		(63,826	)		(68,649	)
		2,600,849			2,751,351
Less current portion of long-term debt		30,878			32,281
Long-term debt	$	2,569,971		$	2,719,070

Fair value of debt. The carrying amounts and fair values of financial instruments are as follows (in thousands):

	June 30, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial liabilities:
Senior secured credit facilities	$	2,064,675	$	2,059,770	$	2,220,000	$	2,202,105
5.875% senior notes due 2023		600,000		613,500		600,000		616,500

The above fair values, which are Level 2 liabilities, were computed based on comparable quoted market prices. The fair values of cash, accounts receivable, net, short-term borrowings, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments.

Note 3—Goodwill

The change in carrying value of goodwill as of and for the six months ended June 30, 2016 is as follows (in thousands):

Balance at December 31, 2015	$	3,549,212
2016 acquisitions		99,494
Adjustments to prior acquisitions		(398	)
Effect of foreign currency translation		(11,813	)
Balance at June 30, 2016	$	3,636,495

Note 4—Earnings per Share

Earnings per share (“EPS”) is calculated in accordance with the relevant standards. Basic EPS includes no dilution and is computed by dividing net income available to the Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) using the treasury stock method. Common equivalent shares are excluded from the computation of diluted earnings per share if the effect of including such common equivalent shares is anti-dilutive because their total assumed proceeds exceed the average fair value of common stock for the period. The

7

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of EPS as described above is identical to the calculation under the two-class method.

The following table sets forth the weighted average common shares used in the computation of basic and diluted EPS (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Weighted average common shares outstanding — used in    calculation of basic EPS		198,765		170,810		198,143		169,674
Weighted average common stock equivalents — options and    restricted shares		6,151		8,294		6,453		8,300
Weighted average common and common equivalent shares    outstanding — used in calculation of diluted EPS		204,916		179,104		204,596		177,974

Weighted average stock options, SARs, RSUs and RSAs representing 7,304,581 and 4,122,738 shares were outstanding for the three months ended June 30, 2016 and 2015, respectively, and weighted average stock options, SARs, RSUs and RSAs representing 7,075,350 and 4,119,018 for the six months ended June 30, 2016 and 2015, respectively, but were not included in the computation of diluted EPS because the effect of including them would be anti-dilutive.

Conversion of Class A Common Stock. On March 30, 2016, William C. Stone converted 2,703,846 shares of Class A non-voting stock into 2,703,846 shares of common stock. Each share of Class A non-voting common stock converted automatically into one share of the Company’s common stock upon the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Dividends. In 2016, the Company paid a quarterly cash dividend of $0.0625 per share of common stock on March 15, 2016 and June 15, 2016 to stockholders of record as of the close of business on March 7, 2016 and June 1, 2016, respectively, totaling $24.8 million.

8

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

Note 5—Equity and Stock-based Compensation

On May 25, 2016, the Company’s Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend.  The record date for the stock split was June 7, 2016 and the payment date was June 24, 2016. All share and per share amounts (other than for the Company’s Class A non-voting common stock) have been retroactively restated for all periods presented to reflect the stock split.  

At the Company’s annual meeting of shareholders held on May 25, 2016, the Company’s shareholders approved the Company’s Amended and Restated 2014 Stock Incentive Plan (the “Amended 2014 Plan”). The primary changes to the Amended 2014 Plan are to (i) increase the shares available for equity awards by 24 million shares and (ii) add flexibility to use this plan as the Company’s only equity plan by authorizing the issuance of full-value awards (that is, restricted stock and restricted stock units) and expanding the class of participants to include non-employee directors. Following the approval of the 2014 Amended Plan, the Company will no longer make grants under the Company’s 2008 Stock Incentive Plan or the Company’s 2006 Equity Incentive Plan.

Total stock options, SARs, RSUs and RSAs. The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands):

	Three Months Ended June 30,				For the Six Months Ended June 30,
Statement of Comprehensive Income Classification	2016		2015		2016		2015
Cost of software-enabled services	$	2,779	$	1,525	$	5,184	$	3,129
Cost of maintenance and term licenses		700		101		1,511		202
Cost of recurring revenues		3,479		1,626		6,695		3,331
Cost of professional services		599		159		1,243		325
Cost of non-recurring revenues		599		159		1,243		325
Total cost of revenues		4,078		1,785		7,938		3,656
Selling and marketing		2,860		745		6,445		1,488
Research and development		2,182		444		4,398		894
General and administrative		3,446		1,234		9,132		2,276
Total operating expenses		8,488		2,423		19,975		4,658
Total stock-based compensation expense	$	12,566	$	4,208	$	27,913	$	8,314

The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		30,278,364
Granted		1,440,300
Cancelled/forfeited		(912,816	)
Exercised		(3,171,668	)
Outstanding at June 30, 2016		27,634,180

The following table summarizes RSU activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		957,452
Granted		-
Cancelled/forfeited		(55,498	)
Vested		(419,702	)
Outstanding at June 30, 2016		482,252

The Company recorded $23.8 million and $5.1 million of income tax benefits related to the exercise of stock options during the six months ended June 30, 2016 and 2015, respectively. These amounts were recorded entirely to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets.

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SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

Note 6—Income Taxes

The effective tax rate was 15% and 26% for the three months ended June 30, 2016 and 2015, respectively, and the effective tax rate was 28% and 26% for the six months ended June 30, 2016 and 2015, respectively.  The change in rate for the three months ended June 30, 2016 was primarily due to a decrease in pre-tax income from domestic operations taxed at a high statutory rate.  The change for the six months ended June 30, 2016 was primarily due to the unfavorable impact of a change in state apportionment on the Company’s domestic deferred tax liabilities as a result of the acquisition of Citigroup AIS during the first quarter, partially offset by the benefit received from a decrease in pre-tax income from domestic operations taxed at a high statutory rate.

Note 7—Acquisitions

Citigroup’s Alternative Investor Services

On March 11, 2016, the Company purchased the assets of Citigroup’s Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services (“Citigroup AIS”), for approximately $321.0 million, plus the costs of effecting the transaction and the assumption of certain liabilities. Citigroup AIS is a leading provider of hedge fund and private equity fund administration services.

The net assets and results of operations of Citigroup AIS have been included in the Company’s condensed consolidated financial statements from March 11, 2016. The fair value of the intangible assets, consisting of customer relationships and completed technology, was determined using the income approach. Specifically, the excess earnings method was utilized for the customer relationships, and the cost savings method was utilized for the completed technology. The customer relationships are amortized each year based on the ratio that the projected cash flows for the intangible assets bear to the total of current and expected future cash flows for the intangible assets. Completed technology is amortized based on a straight-line basis. The customer relationships are amortized over an estimated life of approximately thirteen years and completed technology is amortized over an estimated life of approximately four years, in each case the estimated lives of the assets. The remainder of the purchase price was allocated to goodwill and is tax deductible.

The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands):

	Citigroup AIS
Accounts receivable	$	57,789
Fixed assets		92
Other assets		1,856
Acquired client relationships and contracts		124,600
Completed technology		44,600
Goodwill		99,494
Deferred revenue		(3,910	)
Other liabilities assumed		(6,563	)
Consideration paid, net of cash acquired	$	317,958

The fair value of acquired accounts receivable balances for Citigroup AIS approximates the contractual amounts due from acquired customers, except for approximately $1.7 million of contractual amounts that are not expected to be collected as of the acquisition date and that were also reserved by Citigroup AIS.

The Company reported revenues totaling $65.1 million from Citigroup AIS from its acquisition date through June 30, 2016.

The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future.

10

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Revenues	$	381,246	$	392,392	$	764,155	$	777,016
Net income	$	34,756	$	3,942	$	53,995	$	854
Basic earnings per share	$	0.17	$	0.02	$	0.27	$	0.01
Basic weighted average number of common shares    outstanding		198,765		170,810		198,143		169,674
Diluted earnings per share	$	0.17	$	0.02	$	0.26	$	0.00
Diluted weighted average number of common and common    equivalent shares outstanding		204,916		179,104		204,596		177,974

Note 8—Commitments and Contingencies

Several actions (the "Millennium Actions") were filed in various jurisdictions against the Company's subsidiaries, GlobeOp Financial Services Ltd and GlobeOp Financial Services LLC ("GlobeOp"), alleging claims and damages with respect to a valuation agent services agreement performed by GlobeOp for the Millennium Global Emerging Credit Fund, Ltd. and Millennium Global Emerging Credit Master Fund Ltd.  All claims related to the Millennium Actions have been settled or resolved in favor of GlobeOp and the litigation is concluded.

In addition to the foregoing legal proceedings, from time to time, the Company is subject to other legal proceedings and claims. In the opinion of the Company's management, the Company is not involved in any other such litigation or proceedings with third parties that management believes would have a material adverse effect on the Company or its business.

Note 9—Supplemental Guarantor Financial Statements

On July 8, 2015, the Company issued $600.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (the “Senior Notes”). The Senior Notes are jointly and severally and fully and unconditionally guaranteed, in each case subject to certain customary release provisions, by substantially all wholly-owned domestic subsidiaries of the Company that guarantee the Company’s Senior Secured Credit Facilities (collectively “Guarantors”). All of the Guarantors are 100% owned by the Company. All other subsidiaries of the Company, either direct or indirect, do not guarantee the Senior Notes (“Non-Guarantors”). The Guarantors also unconditionally guarantee the Senior Secured Credit Facilities. There are no significant restrictions on the ability of the Company or any of the subsidiaries that are Guarantors to obtain funds from its subsidiaries by dividend or loan.

11

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

Condensed consolidating financial information as of June 30, 2016 and December 31, 2015 and for the three and six months ended June 30, 2016 and 2015 are presented.  The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands):

	June 30, 2016
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	24,753	$	70,469	$	—		$	95,222
Accounts receivable, net		—		176,884		62,544		—			239,428
Prepaid expenses and other current assets		—		21,254		11,344		—			32,598
Prepaid income taxes		—		41,256		—		(1,937	)		39,319
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		30,704		38,853		—			69,557
Investment in subsidiaries		2,798,897		764,004		—		(3,562,901	)		—
Intercompany receivables		—		136,630		47,768		(184,398	)		—
Deferred income taxes, long-term		—		—		2,018		—			2,018
Goodwill, intangible and other assets, net		—		3,966,829		1,241,050		—			5,207,879
Total assets	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839
Current portion of long-term debt		—		16,166		14,712		—			30,878
Accounts payable		—		13,028		7,005		—			20,033
Accrued expenses		16,157		71,968		36,061		—			124,186
Income taxes payable		—		—		1,937		(1,937	)		—
Deferred revenue		—		214,246		24,539		—			238,785
Long-term debt, net of current portion		600,000		1,535,644		434,327		—			2,569,971
Other long-term liabilities		—		40,020		21,895		—			61,915
Intercompany payables		18,310		47,769		118,319		(184,398	)		—
Deferred income taxes, long-term		—		427,066		51,575		—			478,641
Total liabilities		634,467		2,365,907		710,370		(186,335	)		3,524,409
Total stockholders’ equity		2,164,430		2,798,897		764,004		(3,562,901	)		2,164,430
Total liabilities and stockholders’ equity	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839

12

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	December 31, 2015
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	360,583	$	73,576	$	—		$	434,159
Accounts receivable, net		—		127,446		42,505		—			169,951
Prepaid expenses and other current assets		—		15,920		11,591		—			27,511
Prepaid income taxes		—		38,155		2,472		—			40,627
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		31,940		35,203		—			67,143
Investment in subsidiaries		2,722,452		654,278		—		(3,376,730	)		—
Intercompany receivables		—		100,992		34,220		(135,212	)		—
Deferred income taxes, long-term		—		—		2,199		—			2,199
Goodwill, intangible and other assets, net		—		3,861,711		1,196,123		—			5,057,834
Total assets	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242
Current portion of long-term debt		—		17,243		15,038		—			32,281
Accounts payable		—		7,367		4,590		—			11,957
Accrued expenses		17,006		84,174		47,848		—			149,028
Income taxes payable		—		—		1,428		—			1,428
Deferred revenue		—		202,252		19,772		—			222,024
Long-term debt, net of current portion		600,000		1,646,396		472,674		—			2,719,070
Other long-term liabilities		—		31,748		19,686		—			51,434
Intercompany payables		—		34,220		100,992		(135,212	)		—
Deferred income taxes, long-term		—		447,663		61,911		—			509,574
Total liabilities		617,006		2,471,063		743,939		(135,212	)		3,696,796
Total stockholders’ equity		2,105,446		2,722,452		654,278		(3,376,730	)		2,105,446
Total liabilities and stockholders’ equity	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242

	For the Three Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	257,316		$	116,184		$	(423	)	$	373,077
Cost of revenues		—			138,262			72,640			(423	)		210,479
Gross profit		—			119,054			43,544			—			162,598
Operating expenses:
Selling and marketing		—			21,118			7,417			—			28,535
Research and development		—			28,853			11,974			—			40,827
General and administrative		—			18,602			8,597			—			27,199
Total operating expenses		—			68,573			27,988			—			96,561
Operating income		—			50,481			15,556			—			66,037
Interest expense, net		(8,813	)		(17,548	)		(6,485	)		—			(32,846	)
Other (expense) income, net		—			(17,617	)		17,629			—			12
Earnings from subsidiaries		37,034			23,523			—			(60,557	)		—
Income before income taxes		28,221			38,839			26,700			(60,557	)		33,203
Provision for income taxes		—			1,805			3,177			—			4,982
Net income	$	28,221		$	37,034		$	23,523		$	(60,557	)	$	28,221
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(26,793	)		(26,793	)		(27,221	)		54,014			(26,793	)
Comprehensive income (loss)	$	1,428		$	10,241		$	(3,698	)	$	(6,543	)	$	1,428

13

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	For the Three Months Ended June 30, 2015
	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—	$	110,497		$	102,655		$	(384	)	$	212,768
Cost of revenues		—		51,035			58,852			(384	)		109,503
Gross profit		—		59,462			43,803			—			103,265
Operating expenses:
Selling and marketing		—		8,708			5,223			—			13,931
Research and development		—		9,433			8,087			—			17,520
General and administrative		—		8,904			4,559			—			13,463
Total operating expenses		—		27,045			17,869			—			44,914
Operating income		—		32,417			25,934			—			58,351
Interest expense, net		—		(2,570	)		(2,849	)		—			(5,419	)
Other income (expense), net		—		1,431			(1,595	)		—			(164	)
Earnings from subsidiaries		39,128		10,475			—			(49,603	)		—
Income before income taxes		39,128		41,753			21,490			(49,603	)		52,768
Provision for income taxes		—		2,625			11,015			—			13,640
Net income	$	39,128	$	39,128		$	10,475		$	(49,603	)	$	39,128
Other comprehensive income, net of tax:
Foreign currency exchange translation adjustment		22,808		22,808			21,614			(44,422	)		22,808
Comprehensive income	$	61,936	$	61,936		$	32,089		$	(94,025	)	$	61,936

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	476,305		$	221,768		$	(865	)	$	697,208
Cost of revenues		—			251,764			136,264			(865	)		387,163
Gross profit		—			224,541			85,504			—			310,045
Operating expenses:
Selling and marketing		—			43,865			14,531			—			58,396
Research and development		—			54,218			23,056			—			77,274
General and administrative		—			41,081			16,813			—			57,894
Total operating expenses		—			139,164			54,400			—			193,564
Operating income		—			85,377			31,104			—			116,481
Interest expense, net		(17,461	)		(35,466	)		(13,008	)		—			(65,935	)
Other (expense) income, net		—			(32,017	)		30,182			—			(1,835	)
Earnings from subsidiaries		52,687			41,360			—			(94,047	)		—
Income before income taxes		35,226			59,254			48,278			(94,047	)		48,711
Provision for income taxes		—			6,567			6,918			—			13,485
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(17,472	)		(17,472	)		(22,449	)		39,921			(17,472	)
Comprehensive income	$	17,754		$	35,215		$	18,911		$	(54,126	)	$	17,754

14

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	216,325		$	202,979		$	(801	)	$	418,503
Cost of revenues		—			101,075			121,536			(801	)		221,810
Gross profit		—			115,250			81,443			—			196,693
Operating expenses:
Selling and marketing		—			17,068			10,250			—			27,318
Research and development		—			18,730			18,398			—			37,128
General and administrative		—			20,412			10,351			—			30,763
Total operating expenses		—			56,210			38,999			—			95,209
Operating income		—			59,040			42,444			—			101,484
Interest expense, net		—			(5,323	)		(5,696	)		—			(11,019	)
Other income (expense), net		—			1,103			(2,774	)		—			(1,671	)
Earnings from subsidiaries		65,374			26,952			—			(92,326	)		—
Income before income taxes		65,374			81,772			33,974			(92,326	)		88,794
Provision for income taxes		—			16,398			7,022			—			23,420
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment		(13,411	)		(13,411	)		(7,601	)		21,012			(13,411	)
Comprehensive income	$	51,963		$	51,963		$	19,351		$	(71,314	)	$	51,963

15

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Non-cash adjustments		—			70,450			29,806			—			100,256
Intercompany transactions		18,310			(11,902	)		(6,408	)		—			—
Earnings from subsidiaries		(52,687	)		(41,360	)		—			94,047			—
Changes in operating assets and liabilities		(849	)		14,399			(9,696	)		—			3,854
Net cash provided by operating activities		—			84,274			55,062			—			139,336
Cash Flow from Investment Activities:
Additions to property and equipment		—			(5,080	)		(8,513	)		—			(13,593	)
Proceeds from sale of property and equipment		—			95			(52	)		—			43
Cash paid for business acquisitions, net of cash acquired		—			(219,276	)		(98,278	)		—			(317,554	)
Additions to capitalized software		—			(1,879	)		(1,427	)		—			(3,306	)
Purchase of long-term investment		—			(1,000	)		—			—			(1,000	)
Net cash used in investing activities		—			(227,140	)		(108,270	)		—			(335,410	)
Cash Flow from Financing Activities:
Repayments of debt		—			(115,500	)		(39,825	)		—			(155,325	)
Transactions involving Holding's common stock		—			13,556			—			—			13,556
Intercompany transactions		—			(90,798	)		90,798			—			—
Payment of fees related to refinancing activities		—			(222	)		—			—			(222	)
Net cash (used in) provided by financing activities		—			(192,964	)		50,973			—			(141,991	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(872	)		—			(872	)
Net decrease in cash and cash equivalents		—			(335,830	)		(3,107	)		—			(338,937	)
Cash and cash equivalents, beginning of period		—			360,583			73,576			—			434,159
Cash and cash equivalents, end of period	$	—		$	24,753		$	70,469		$	—		$	95,222

16

SS&C TECHNOLOGIES HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – Continued

(Unaudited)

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Non-cash adjustments		—			17,672			33,667			—			51,339
Intercompany transactions		—			10,748			(10,748	)		—			—
Earnings from subsidiaries		(65,374	)		(26,952	)		—			92,326			—
Changes in operating assets and liabilities		—			(14,563	)		(1,428	)		—			(15,991	)
Net cash provided by operating activities		—			52,279			48,443			—			100,722
Cash Flow from Investment Activities:
Additions to property and equipment		—			(2,532	)		(3,218	)		—			(5,750	)
Cash paid for business acquisitions, net of cash acquired		—			—			(7,863	)		—			(7,863	)
Additions to capitalized software		—			(380	)		(1,412	)		—			(1,792	)
Net cash used in investing activities		—			(2,912	)		(12,493	)		—			(15,405	)
Cash Flow from Financing Activities:
Repayments of debt		—			(137,019	)		(36,981	)		—			(174,000	)
Transactions involving Holding's common stock		—			710,565			—			—			710,565
Net cash provided by (used in) financing activities		—			573,546			(36,981	)		—			536,565
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,651	)		—			(1,651	)
Net increase (decrease) in cash and cash equivalents		—			622,913			(2,682	)		—			620,231
Cash and cash equivalents, beginning of period		—			34,651			74,926			—			109,577
Cash and cash equivalents, end of period	$	—		$	657,564		$	72,244		$	—		$	729,808

17

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

This Management's Discussion and Analysis of Financial Condition and Results of Operations, or MD&A, is intended to provide readers of our Condensed Consolidated Financial Statements with the perspectives of management. It presents, in narrative form, information regarding our financial condition, results of operations, liquidity and certain other factors that may affect our future results. It should be read in conjunction with our 2015 Form 10-K and the Condensed Consolidated Financial Statements included in this Form 10-Q.

Critical Accounting Policies

Certain of our accounting policies require the application of significant judgment by our management, and such judgments are reflected in the amounts reported in our Condensed Consolidated Financial Statements. In applying these policies, our management uses its judgment to determine the appropriate assumptions to be used in the determination of estimates. Those estimates are based on our historical experience, terms of existing contracts, management’s observation of trends in the industry, information provided by our clients and information available from other outside sources, as appropriate. Actual results may differ significantly from the estimates contained in our Condensed Consolidated Financial Statements. There have been no material changes to our critical accounting estimates and assumptions or the judgments affecting the application of those estimates and assumptions since the filing of our 2015 Form 10-K. Our critical accounting policies are described in the 2015 Form 10-K and include:

· Revenue Recognition

· Long-Lived Assets, Intangible Assets and Goodwill

· Acquisition Accounting

· Income Taxes

Acquisition of Citigroup AIS

On March 11, 2016, we purchased all of the assets of Citigroup AIS for approximately $321.0 million in cash, plus the costs of effecting the transaction and the assumption of certain liabilities, which is discussed in Note 7 toour Condensed Consolidated Financial Statements. Citigroup AIS is a leading provider of hedge fund and private equity fund administration services.

The discussion in this Part I, Item 2 of this Quarterly Report on Form 10-Q includes the operations of Citigroup AIS for the period it was owned by SS&C.

Two-for-One Stock Split

On May 25, 2016, the Company’s Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend.  The record date for the stock split was June 7, 2016 and the payment date was June 24, 2016. All share and per share amounts (other than for our Class A non-voting common stock) have been retroactively restated for all periods presented to reflect the stock split.

Results of Operations

We derive our revenue from two sources: recurring revenues and, to a lesser degree, non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. As a general matter, fluctuations in our software-enabled services revenues are attributable to the number of new software-enabled services clients as well as total assets under management in our clients’ portfolios and the number of outsourced transactions provided to our existing clients. Maintenance revenues vary based on customer retention, the number of perpetual licenses and on the annual increases in fees, which are generally tied to the consumer price index, while term license revenues vary based on the rate by which we add or lose clients over time. Non-recurring revenues consist of professional services and perpetual license fees and tend to fluctuate based on the number of new licensing clients and demand for consulting services. See Reclassifications in Note 1 to our Condensed Consolidated Financial Statements for discussion of the change in revenue presentation compared to prior periods.

18

The following table sets forth the percentage of our total revenues represented by each of the following sources of revenues for the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Revenues:
Software-enabled services		65	%		71	%		65	%		72	%
Maintenance and term licenses		28			18			28			19
Total recurring revenues		93			89			93			91
Perpetual licenses		2			6			2			4
Professional services		5			5			5			5
Total non-recurring revenues		7			11			7			9
Total revenues		100			100			100			100

The following table sets forth revenues (dollars in thousands) and percent change in revenues for the periods indicated:

	Three Months Ended June 30,				Percent Change from Prior Period			Six Months Ended June 30,				Percent Change from Prior Period
	2016		2015		2015			2016		2015		2015
Revenues:
Software-enabled services	$	244,672	$	150,123		63	%	$	450,319	$	303,690		48	%
Maintenance and term licenses		103,392		38,978		165			198,512		78,952		151
Total recurring revenues		348,064		189,101		84			648,831		382,642		70
Perpetual licenses		5,039		12,948		(61	)		10,254		16,018		(36	)
Professional services		19,974		10,719		86			38,123		19,843		92
Total non-recurring revenues		25,013		23,667		6			48,377		35,861		35
Total revenues	$	373,077	$	212,768		75		$	697,208	$	418,503		67

Three Months Ended June 30, 2016 and 2015. Our revenues increased from the prior year period primarily due to revenues related to our acquisitions of Citigroup AIS in the first quarter of 2016, Primatics in the fourth quarter of 2015 and Varden and Advent in the third quarter of 2015, which contributed $169.2 million in revenues, as well as an increase in demand for our fund administration services.  These increases were partially offset by a decrease due to installment payments under a perpetual IP license, which were included in prior period revenues but did not recur in 2016, as well as the unfavorable impact from foreign currency translation of $1.9 million, which resulted from the strength of the U.S. dollar relative to currencies such as the British pound, the Canadian dollar and the Australian dollar. The acquisitions contributed revenues of $90.6 million and $66.7 million to software-enabled services revenues and maintenance and term licenses revenues, respectively, in 2016.  These amounts reflect reductions of $8.0 million related to the fair value adjustment of acquired deferred revenue for these acquisitions. The acquisitions contributed revenues of $0.4 million and $11.5 million to perpetual license revenues and professional services revenues, respectively, in 2016. Professional services revenues reflect a reduction of $3.3 million related to the fair value adjustment of acquired deferred revenue related to these acquisitions.

Six Months Ended June 30, 2016 and 2015. Our revenues increased from the prior year period primarily due to revenues related to our acquisitions of Citigroup AIS in the first quarter of 2016, Primatics in the fourth quarter of 2015 and Varden and Advent in the third quarter of 2015, which contributed $285.6 million in revenues, as well as an increase in demand for our fund administration services.  These increases were partially offset by a decrease due to installment payments under a perpetual IP license, which were included in prior period revenues but did not recur in 2016, as well as the unfavorable impact from foreign currency translation of $4.9 million, which resulted from the strength of the U.S. dollar relative to currencies such as the Canadian dollar, the British pound and the Australian dollar. The acquisitions contributed revenues of $139.1 million and $123.5 million to software-enabled services revenues and maintenance and term licenses revenues, respectively, in 2016.  These amounts reflect reductions of $23.0 million related to the fair value adjustment of acquired deferred revenue for these acquisitions. The acquisitions contributed revenues of $0.9 million and $22.1 million to perpetual license revenues and professional services revenues, respectively, in 2016.Professional services revenues reflect a reduction of $7.3 million related to the fair value adjustment of acquired deferred revenue related to these acquisitions.  

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Cost of Revenues

Cost of recurring revenues consists primarily of costs related to personnel utilized in servicing our software-enabled services and maintenance contracts and amortization of intangible assets. Cost of non-recurring revenues consists primarily of the cost related to personnel utilized to provide implementation, conversion and training services to our software licensees, as well as system integration and custom programming consulting services and amortization of intangible assets.

The following tables set forth each of the following cost of revenues as a percentage of their respective revenue source for the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Cost of revenues:
Cost of software-enabled services		60	%		59	%		58	%		58	%
Cost of maintenance and term licenses		45			32			47			34
Total cost of recurring revenues		55			53			54			53
Cost of perpetual licenses		13			8			11			13
Cost of professional services		86			71			86			81
Total cost of non-recurring revenues		71			36			70			51
Total cost of revenues		56			51			56			53
Gross margin percentage		44			49			44			47

The following table sets forth cost of revenues (dollars in thousands) and percent change in cost of revenues for the periods indicated:

	Three Months Ended June 30,				Percent Change from Prior Period			Six Months Ended June 30,				Percent Change from Prior Period
	2016		2015		2015			2016		2015		2015
Cost of revenues:
Cost of software-enabled services	$	146,243	$	88,548		65	%	$	259,971	$	177,150		47	%
Cost of maintenance and term licenses		46,460		12,338		277			93,406		26,505		252
Total cost of recurring revenues		192,703		100,886		91			353,377		203,655		74
Cost of perpetual licenses		643		1,021		(37	)		1,141		2,045		(44	)
Cost of professional services		17,133		7,596		126			32,645		16,110		103
Total cost of non-recurring revenues		17,776		8,617		106			33,786		18,155		86
Total cost of revenues	$	210,479	$	109,503		92		$	387,163	$	221,810		75

Three and Six Months Ended June 30, 2016 and 2015. Our total cost of revenues increased primarily due to our acquisitions of Citigroup AIS, Primatics, Varden and Advent, which added costs of $99.6 million and $166.7 million for the three and six months ended June 30, 2016, respectively. Additionally, total cost of revenues increased $2.9 million and $2.2 million for the three and six months ended June 30, 2016, respectively, to support revenue growth, partially offset by the favorable impact from foreign currency translation of $1.5 million and $3.5 million for the three and six months ended June 30, 2016, respectively, which resulted from the strength of the U.S. dollar relative to currencies such as the British pound, the Canadian dollar and the Indian Rupee.

Operating Expenses

Selling and marketing expenses consist primarily of the personnel costs associated with the selling and marketing of our products, including salaries, commissions and travel and entertainment. Such expenses also include amortization of intangible assets, the cost of branch sales offices, trade shows and marketing and promotional materials. Research and development expenses consist primarily of personnel costs attributable to the enhancement of existing products and the development of new software products. General and administrative expenses consist primarily of personnel costs related to management, accounting and finance, information management, human resources and administration and associated overhead costs, as well as fees for professional services.

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The following table sets forth the percentage of our total revenues represented by each of the following operating expenses for the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Operating expenses:
Selling and marketing		8	%		7	%		9	%		7	%
Research and development		11			8			11			9
General and administrative		7			6			8			7
Total operating expenses		26			21			28			23

The following table sets forth operating expenses (dollars in thousands) and percent change in operating expenses for the periods indicated:

	Three Months Ended June 30,				Percent Change from Prior Period			Six Months Ended June 30,				Percent Change from Prior Period
	2016		2015		2015			2016		2015		2015
Operating expenses:
Selling and marketing	$	28,535	$	13,931		105	%	$	58,396	$	27,318		114	%
Research and development		40,827		17,520		133			77,274		37,128		108
General and administrative		27,199		13,463		102			57,894		30,763		88
Total operating expenses	$	96,561	$	44,914		115		$	193,564	$	95,209		103

Three and Six Months Ended June 30, 2016 and 2015. The increase in total operating expenses was primarily due to our acquisitions of Citigroup AIS, Primatics, Advent and Varden, which added expenses of $47.1 million and $94.7 million for the three and six months ended June 30, 2016, respectively. Included in those costs are charges of $0.7 million and $5.7 million related to the elimination of redundant positions within the acquired businesses and an increase in stock-based compensation expense of $5.2 million and $10.7 million for the three and six months ended June 30, 2016, respectively. Additionally, total operating expenses includes the favorable impact from foreign currency translation of $0.8 million and $1.7 million, which resulted from the strength of the U.S. dollar relative to currencies such as the British pound, the Canadian dollar and the Indian Rupee.

Comparison of the Three and Six Months Ended June 30, 2016 and 2015 for Interest, Taxes and Other

Interest expense, net. We had net interest expense of $32.8 million and $65.9 million for the three and six months ended June 30, 2016, respectively, compared to $5.4 million and $11.0 million for the three and six months ended June 30, 2015, respectively. The increase in interest expense in 2016 reflects incremental borrowings under the Credit Agreement and Senior Notes in connection with our acquisition of Advent during the third quarter of 2015, which resulted in a higher debt balance. These facilities are discussed further in “Liquidity and Capital Resources”.

Other income (expense), net. Other income (expense), net for 2016 and 2015 consisted primarily of foreign currency transaction losses.

Provision for Income Taxes. The following table sets forth the provision for income taxes (dollars in thousands) and effective tax rates for the periods indicated:

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Provision for income taxes	$	4,982		$	13,640		$	13,485		$	23,420
Effective tax rate		15	%		26	%		28	%		26	%

Our June 30, 2016 and 2015 effective tax rates differ from the statutory rate primarily due to the effect of our foreign operations. The decrease in rate for the three months ended June 30, 2016 was primarily due to a decrease in pre-tax income from domestic operations taxed at a high statutory rate.  The increase in rate for the six months ended June 30, 2016 was primarily due to the unfavorable impact of a change in state apportionment on our domestic deferred tax liabilities as a result of the acquisition of

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Citigroup AIS during the first quarter, partially offset by the beneficial impact of a decrease in pre-tax income from domestic operations taxed at a high statutory rate. Our effective tax rate includes the effect of operations outside the United States, which historically have been taxed at rates lower than the U.S. statutory rate. While we have income from multiple foreign sources, the majority of our non-U.S. operations are in Canada, India and the United Kingdom, where we anticipate the statutory rates to be 26.5%, 34.6% and 20.0%, respectively, in 2016. The consolidated expected effective tax rate for the year ended December 31, 2016 is forecasted to be between 19% and 21%. A future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate.

Liquidity and Capital Resources

Our principal cash requirements are to finance the costs of our operations pending the billing and collection of client receivables, to fund payments with respect to our indebtedness, to invest in research and development and to acquire complementary businesses or assets. We expect our cash on hand, cash flows from operations, and availability under the Revolving Credit Facility in our Credit Agreement to provide sufficient liquidity to fund our current obligations, projected working capital requirements and capital spending for at least the next twelve months.

In March 2016, we purchased all of the assets of Citigroup AIS for approximately $321.0 million in cash, plus the costs of effecting the transaction and the assumption of certain liabilities. We funded the acquisition with cash on hand.

In 2016, we paid quarterly cash dividends of $0.0625 per share of common stock on March 15, 2016 and June 15, 2016 to stockholders of record as of the close of business on March 7, 2016 and June 1, 2016, respectively, totaling $24.8 million.

Our cash and cash equivalents at June 30, 2016 were $95.2 million, a decrease of $339.0 million from $434.2 million at December 31, 2015. The decrease in cash is primarily due to cash used for acquisitions, repayments of debt, payment of dividends and capital expenditures. These decreases were partially offset by cash provided by operations, proceeds from stock option exercises and the related income tax benefits.

Net cash provided by operating activities was $139.3 million for the six months ended June 30, 2016.  Cash provided by operating activities primarily resulted from net income of $35.2 million adjusted for non-cash items of $100.3 million and by changes in our working capital accounts (excluding the effect of acquisitions) totaling $3.8 million. The changes in our working capital accounts were driven by a change in income taxes prepaid and payable and increases in deferred revenues and accounts payable. These changes were partially offset by a decrease in accrued expenses and increases in accounts receivable and prepaid expenses and other assets. The increase in deferred revenues was primarily due to the collection of annual maintenance fees. The increase in accounts payable was primarily due to the timing of payments.  The increase in accounts receivable was primarily due to an increase in days’ sales outstanding related to receivables within recently acquired businesses. The decrease in accrued expenses was primarily due to the payment of annual employee bonuses in the first quarter of 2016.

Investing activities used net cash of $335.4 million for the six months ended June 30, 2016, primarily related to cash paid of $317.6 million (net of cash received) for the acquisition of Citigroup AIS in the first quarter of 2016, $13.6 million in capital expenditures and $3.3 million in capitalized software.

Financing activities used net cash of $142.0 million in for the six months ended June 30, 2016, representing repayments of debt totaling $155.3 million, $24.8 million in quarterly dividends paid and $4.6 million in withholding taxes paid related to equity award net share settlements.  These payments were partially offset by proceeds of $19.2 million from stock option exercises and income tax windfall benefits of $23.8 million related to the exercise of stock options.

We have made a permanent reinvestment determination in certain non-U.S. operations that have historically generated positive operating cash flows. At June 30, 2016, we held approximately $65.9 million in cash and cash equivalents at non-U.S. subsidiaries where we had made such a determination and in turn no provision for U.S. income taxes had been made. At June 30, 2016, we held approximately $60.4 million in cash that was available to our foreign borrowers under our credit facility and will be used to facilitate debt servicing of those entities. At June 30, 2016, we held approximately $17.5 million in cash at our Indian operations that if repatriated to our foreign debt holder would incur distribution taxes of approximately $3.0 million.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

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Senior Secured Credit Facilities

On July 8, 2015, in connection with our acquisition of Advent, we entered into a Credit Agreement with SS&C, SS&C European Holdings S.A.R.L., an indirect wholly-owned subsidiary of SS&C, or SS&C Sarl, and SS&C Technologies Holdings Europe S.A.R.L., an indirect wholly-owned subsidiary of SS&C, or SS&C Tech Sarl as the borrowers. The Credit Agreement has four tranches of term loans, or together the Term Loans: (i) a $98 million term A-1 facility with a five year term for borrowings by SS&C Sarl, or Term A-1 Loan; (ii) a $152 million term A-2 facility with a five year term for borrowings by SS&C Tech Sarl, or Term A-2 Loan; (iii) a $1.82 billion term B-1 facility with a seven year term for borrowings by SS&C, or Term B-1 Loan; and (iv) a $410 million term B-2 facility with a seven year term for borrowings by SS&C Sarl, or Term B-2 Loan.

In addition, the Credit Agreement has a revolving credit facility with a five year term available for borrowings by SS&C with $150 million in commitments, or the Revolving Credit Facility. The Revolving Credit Facility contains a $25 million letter of credit sub-facility.

The Term Loans and Revolving Credit Facility, together, the Senior Secured Credit Facilities bear interest, at the election of the borrowers, at the base rate (as defined in the Credit Agreement) or LIBOR, plus the applicable interest rate margin for the credit facility. The Term A-1 Loan, Term A-2 Loan and the Revolving Credit Facility initially bear interest at either LIBOR plus 2.75% or at the base rate plus 1.75%, and are subject to a step-down at any time SS&C’s consolidated net senior secured leverage ratio is less than 3.0 times, to 2.50% in the case of the LIBOR margin and 1.50% in the case of the base rate margin. The Term B-1 Loan and Term B-2 Loan initially bear interest at either LIBOR plus 3.25%, with LIBOR subject to a 0.75% floor, or at the base rate plus 2.25%, and are subject to a step-down at any time SS&C’s consolidated net leverage ratio is less than 4.0 times, to 3.00% in the case of the LIBOR margin and 2.00% in the case of the base rate margin.

A portion of the initial proceeds from the Term Loans was used to satisfy the consideration required to fund the acquisition of Advent and to repay all amounts outstanding under our then-existing credit facility, or Prior Facility, which was subsequently terminated. At the time of the termination of the Prior Facility, all liens and other security interests that SS&C had granted to the lenders under the Prior Facility were released.

As of June 30, 2016, there was $94.3 million in principal amount outstanding under the Term A-1 Loan, $146.3 million in principal amount outstanding under the Term A-2 Loan, $1,604.5 million in principal amount outstanding under the Term B-1 Loan and $219.6 million in principal amount outstanding under the Term B-2 Loan. As of June 30, 2016, there was no principal amount drawn under the Revolving Credit Facility.

We are required to make scheduled quarterly payments of 0.25% of the original principal amount of the Term B-1 Loan and Term B-2 Loan, with the balance due and payable on the seventh anniversary of its incurrence. We are required to make scheduled quarterly payments of 1.25% of the original principal amount of the Term A-1 Loan and Term A-2 Loan until September 30, 2017 and quarterly payments of 2.50% of the original principal amount of the Term A-1 Loan and Term A-2 Loan from December 31, 2017 until June 30, 2020 with the balance due and payable on the fifth anniversary of the incurrence thereof. No amortization is required under the Revolving Credit Facility.

Our obligations under the Term Loans are guaranteed by (i) Holdings and each of our existing and future U.S. wholly-owned restricted subsidiaries, in the case of the Term B-1 Loan and the Revolving Credit Facility and (ii) Holdings, SS&C and each of our existing and future wholly-owned restricted subsidiaries, in the case of the Term A-1 Loan, the Term A-2 Loan and the Term B-2 Loan.

The obligations of the U.S. loan parties under the Credit Agreement are secured by substantially all of the assets of such persons (subject to customary exceptions and limitations), including a pledge of all of the capital stock of substantially all of the U.S. wholly-owned restricted subsidiaries of such persons (with customary exceptions and limitations) and 65% of the capital stock of certain foreign restricted subsidiaries of such persons (with customary exceptions and limitations). All obligations of the non-U.S. loan parties under the Credit Agreement are secured by substantially all of Holdings’ and the other guarantors’ assets (subject to customary exceptions and limitations), including a pledge of all of the capital stock of substantially all of Holdings’ wholly-owned restricted subsidiaries (with customary exceptions and limitations).

The Credit Agreement includes negative covenants that, among other things and subject to certain thresholds and exceptions, limit our ability and the ability of our restricted subsidiaries to incur debt or liens, make investments (including in the form of loans and acquisitions), merge, liquidate or dissolve, sell property and assets, including capital stock of our subsidiaries, pay dividends on our capital stock or redeem, repurchase or retire our capital stock, alter the business we conduct, amend, prepay, redeem or purchase subordinated debt, or engage in transactions with our affiliates. In addition, the Credit Agreement contains a financial covenant

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requiring us to maintain a consolidated net senior secured leverage ratio. As of June 30, 2016, we were in compliance with the financial and non-financial covenants.

Senior Notes

On July 8, 2015, in connection with the acquisition of Advent, we issued $600.0 million aggregate principal amount of 5.875% Senior Notes due 2023. The Senior Notes are guaranteed by SS&C and each of our wholly-owned domestic subsidiaries that borrows or guarantees obligations under the Credit Agreement. The guarantees are full and unconditional and joint and several. The Senior Notes are unsecured senior obligations that are equal in right of payments to all existing and future senior debt, including the Credit Agreement.

On April 20, 2016, we commenced an offer to exchange for the Senior Notes, new notes identical in all material respects to the Senior Notes, except that the new notes have been registered under the Securities Act of 1933. The exchange offer expired on May 18, 2016 and 100% of the Senior Notes were exchanged for the new notes.

At any time after July 15, 2018, we may redeem some or all of the Senior Notes, in whole or in part, at the redemption prices set forth in the indenture governing the Senior Notes plus accrued and unpaid interest to the redemption date. At any time on or before July 15, 2018, we may to redeem up to 35% of the aggregate principal amount of the Senior Notes at a redemption price equal to 105.875% of the principal amount thereof, plus accrued and unpaid interest to the redemption date, with the net proceeds of one or more equity offerings.

The indenture governing the Senior Notes contains a number of covenants that restrict, subject to certain thresholds and exceptions, our ability and the ability of our restricted subsidiaries to incur debt or liens, make certain investments, pay dividends, dispose of certain assets, engage in mergers or acquisitions or engage in transactions with our affiliates.

As of June 30, 2016, there were $600.0 million in principal amount of Senior Notes outstanding.

Covenant Compliance

Under the Credit Agreement, we are required to satisfy and maintain a specified financial ratio. Our continued ability to meet this financial ratio can be affected by events beyond our control, and we cannot assure you that we will continue to meet this ratio. Any breach of these covenants could result in an event of default under the Credit Agreement. Upon the occurrence of any event of default under the Credit Agreement, the lenders could elect to declare all amounts outstanding under the Credit Agreement to be immediately due and payable and terminate all commitments to extend further credit.

Consolidated EBITDA is a non-GAAP financial measure used in key financial covenants contained in the Credit Agreement, which is a material facility supporting our capital structure and providing liquidity to our business. Consolidated EBITDA is defined as earnings before interest, taxes, depreciation and amortization (“EBITDA”), further adjusted to exclude unusual items and other adjustments permitted in calculating covenant compliance under the Credit Agreement. We believe that the inclusion of supplementary adjustments to EBITDA applied in presenting Consolidated EBITDA is appropriate to provide additional information to investors to demonstrate compliance with the specified financial ratio and other financial condition tests contained in the Credit Agreement.

Management uses Consolidated EBITDA to gauge the costs of our capital structure on a day-to-day basis when full financial statements are unavailable. Management further believes that providing this information allows our investors greater transparency and a better understanding of our ability to meet our debt service obligations and make capital expenditures.

Any breach of covenants in the Credit Agreement that are tied to ratios based on Consolidated EBITDA could result in an event of default under that agreement, in which case the lenders could elect to declare all amounts borrowed immediately due and payable and to terminate any commitments they have to provide further borrowings. Any default and subsequent acceleration of payments under the Credit Agreement would have a material adverse effect on our results of operations, financial position and cash flows. Additionally, under the Credit Agreement, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is also tied to ratios based on Consolidated EBITDA.

Consolidated EBITDA does not represent net income or cash flow from operations as those terms are defined by generally accepted accounting principles, or GAAP, and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. Further, the Credit Agreement requires that Consolidated EBITDA be calculated for the most recent four fiscal quarters. As a result, the measure can be disproportionately affected by a particularly strong or weak quarter. Further, it may not be comparable to the measure for any subsequent four-quarter period or any complete fiscal year.

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Consolidated EBITDA is not a recognized measurement under GAAP and investors should not consider Consolidated EBITDA as a substitute for measures of our financial performance and liquidity as determined in accordance with GAAP, such as net income, operating income or net cash provided by operating activities. Because other companies may calculate Consolidated EBITDA differently than we do, Consolidated EBITDA may not be comparable to similarly titled measures reported by other companies. Consolidated EBITDA has other limitations as an analytical tool, when compared to the use of net income, which is the most directly comparable GAAP financial measure, including:

· 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.

The following is a reconciliation of net income to Consolidated EBITDA as defined in our senior credit facility.

	Three Months Ended June 30,					Six Months Ended June 30,					Twelve Months Ended June 30,
(in thousands)	2016		2015			2016		2015			2016
Net income	$	28,221	$	39,128		$	35,226	$	65,374		$	12,714
Interest expense, net		32,846		5,419			65,935		11,019			162,690
Income tax provision		4,982		13,640			13,485		23,420			8,045
Depreciation and amortization		58,167		26,107			113,440		52,103			212,171
EBITDA		124,216		84,294			228,086		151,916			395,620
Stock-based compensation		12,566		4,208			27,913		8,314			63,678
Capital-based taxes		—		(636	)		472		(636	)		1,936
Acquired EBITDA and cost savings (1)		1,046		389			5,814		2,156			28,468
Unusual or non-recurring charges (2)		1,289		1,158			6,754		10,250			22,652
Purchase accounting adjustments (3)		8,630		302			24,258		699			73,486
Other (4)		769		47			1,553		142			2,940
Consolidated EBITDA	$	148,516	$	89,762		$	294,850	$	172,841		$	588,780

________________________

(1) Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the period as if the acquisition occurred at the beginning of the period, as well as cost savings enacted in connection with acquisitions.

(2) Unusual or non-recurring charges include foreign currency gains and losses, severance expenses, acquisition expenses and other one-time expenses, such as expenses associated with the facilities consolidations, the sale of fixed assets and proceeds from legal and other settlements.

(3) 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 personnel and commissions expense by the amount that would have been recognized if prepaid commissions and deferred personnel costs were not adjusted to fair value at the date of the acquisitions.

(4) Other includes the non-cash portion of straight-line rent expense.

Our covenant requirement for net senior secured leverage ratio and the actual ratio as of June 30, 2016 are as follows:

	Covenant Requirement	Actual Ratio
Maximum consolidated net senior secured leverage to    Consolidated EBITDA ratio(1)	5.50x	3.35x

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(1) Calculated as the ratio of consolidated net secured funded indebtedness, net of cash and cash equivalents, to Consolidated EBITDA, as defined by the Credit Agreement, for the period of four consecutive fiscal quarters ended on the measurement date. Consolidated net secured funded indebtedness is comprised of indebtedness for borrowed money, letters of credit, deferred purchase price obligations and capital lease obligations, all of which is secured by liens on our property.

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of this ASU are effective for years beginning after December 15, 2016. Early application is permitted. We are currently evaluating the impact of this ASU.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU would require lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date; (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged under the amendments of this ASU. The provisions of this ASU are effective for years beginning after December 15, 2018. We are currently evaluating the impact of this ASU.

In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on our financial position, results of operations or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. On August 12, 2015, the FASB issued ASU No. 2015-14, deferring the effective date by one year for ASU No. 2014-09. The provisions of ASU No. 2014-09 will be effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016. We are currently evaluating the impact of this standard on our financial position, results of operations and cash flows.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We do not use derivative financial instruments for trading or speculative purposes. We have invested our available cash in short-term, highly liquid financial instruments, having initial maturities of three months or less. When necessary, we have borrowed to fund acquisitions.

At June 30, 2016, we had total debt of $2,664.7 million, including $2,064.7 million of variable interest rate debt. As of June 30, 2016, a 1% increase in interest rates would result in an increase in interest expense of approximately $15.4 million per year.

During the six months ended June 30, 2016, approximately 26% of our revenues were from clients located outside the United States. A portion of the revenues from clients located outside the United States is denominated in foreign currencies, the majority being the Canadian dollar. While revenues and expenses of our foreign operations are primarily denominated in their respective local currencies, some subsidiaries do enter into certain transactions in currencies that are different from their local currency. These transactions consist primarily of cross-currency intercompany balances and trade receivables and payables. As a result of these transactions, we have exposure to changes in foreign currency exchange rates that result in foreign currency transaction gains and losses, which we report in other income (expense). These outstanding amounts were not material for the six months ended June 30, 2016. The amount of these balances can fluctuate in the future as we bill customers and buy products or services in currencies other than our functional currency, which could increase our exposure to foreign currency exchange rates. We continue to monitor our exposure to foreign exchange rates as a result of our acquisitions and changes in our operations. We do not enter into any market risk sensitive instruments for trading purposes.

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

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our chief executive officer and chief financial officer (our principal executive officer and principal financial officer, respectively), evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2016. The term “disclosure controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or Exchange Act, means controls and other procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the Securities and Exchange Commission. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure. Management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving their objectives, and management necessarily applies its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on the evaluation of our disclosure controls and procedures as of June 30, 2016, our chief executive officer and chief financial officer concluded that, as of such date, our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control Over Financial Reporting

There have not been any changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the fiscal quarter ended June 30, 2016, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

PART II – OTHER INFORMATION

Item 1. Legal Proceedings

The information regarding certain legal proceedings in which we are involved as set forth in Note 8 – Commitments and Contingencies of the Notes to the Condensed Consolidated Financial Statements (Part I, Item 1 of this Quarterly Report on Form 10-Q) is incorporated by reference into this Item 1.

Item 2. Recent Sales of Unregistered Securities and Use of Proceeds

During the three months ended June 30, 2016, we repurchased 322 shares of our common stock in connection with employee tax withholding obligations for vested restricted stock awards. The following is a summary of the repurchases of our common stock in the second quarter of 2016:

Period (1)	(a) Total Number of Shares Purchased (2)		(b) Average Price Paid per Share		(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs		(d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under Plans or Programs
April 1, 2016 – April 30, 2016	322		$	31.40		—	$	—
May 1, 2016 – May 31, 2016		—	$	—		—	$	—
June 1, 2016 – June 30, 2016		—	$	—		—	$	—
Total	322					—

(1)Information is based on settlement dates of repurchase transactions.

(2) Consists of shares of our common stock, par value $0.01 per share. Pursuant to certain restricted stock awards, we allow the surrender of restricted shares by certain employees to satisfy statutory tax withholding obligations on vested restricted stock awards.

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Item 6. Exhibits

The exhibits listed in the Exhibit Index immediately preceding such exhibits are filed as part of this Report.

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SIGNATURE

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

SS&C TECHNOLOGIES HOLDINGS, INC.
By:	/s/ Patrick J. Pedonti
	Patrick J. Pedonti Senior Vice President and Chief Financial Officer (Duly Authorized Officer, Principal Financial and Accounting Officer)

Date: August 5, 2016

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EXHIBIT INDEX

Exhibit Number	Description of Exhibit
3.1	Amended and Restated Certificate of Incorporation of SS&C Technologies Holdings, Inc.
10.1	Amended and Restated 2014 Stock Incentive Plan of SS&C Technologies Holdings, Inc. is incorporated by reference to Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, filed on May 26, 2016
31.1	Certifications of the Registrant’s Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certifications of the Registrant’s Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certification of the Registrant’s Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished and not filed for purposes of sections 11 or 12 of the Securities Act and section 18 of the Exchange Act)
101.INS	XBRL Instance Document.*
101.SCH	XBRL Taxonomy Extension Schema Document.*
101.CAL	XBRL Taxonomy Calculation Linkbase Document.*
101.LAB	XBRL Taxonomy Label Linkbase Document.*
101.PRE	XBRL Taxonomy Presentation Linkbase Document.*
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.*

* submitted electronically herewith

Attached as Exhibit 101 to this report are the following formatted in XBRL (Extensible Business Reporting Language): (i) Condensed Consolidated Balance Sheets at June 30, 2016 and December 31, 2015, (ii) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2016 and 2015, (iii) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2016 and 2015 and (iv) Notes to Condensed Consolidated Financial Statements.

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EX-3.1

Exhibit 3.1

RESTATEDCERTIFICATEOFINCORPORATION OF

SS&CTECHNOLOGIES HOLDINGS,INC.

(originallyincorporatedonJuly26,2005under thenameSunshineAcquisitionCorporation) FIRST: ThenameoftheCorporationisSS&CTechnologiesHoldings,Inc.

SECOND: TheaddressoftheCorporation'sregisteredofficeintheStateofDelawareis

2711CentervilleRoad,Suite400intheCityofWilmington,CountyofNewCastle. Thename ofitsregisteredagentatsuchaddressisCorporationServiceCompany.

THIRD: Thenatureofthebusinessorpurposestobeconductedorpromotedbythe Corporationistoengageinanylawfulactoractivityforwhichcorporations maybeorganized undertheGeneralCorporationLawofthe StateofDelaware.

FOURTH: ThetotalnumberofsharesofallclassesofstockwhichtheCorporation shall haveauthoritytoissueis110,000,000shares,consistingof(i)100,000,000sharesofCommon Stock,$0.01parvaluepershare("CommonStock"),(ii)5,000,000sharesofClassANon­VotingCommonStock,$0.01parvaluepershare("ClassACommonStock"),and

(iii)5,000,000sharesofPreferredStock,$0.01parvalueper share("PreferredStock").

Thefollowingisastatementofthedesignationsandthepowers,privilegesandrights, andthequalifications, limitationsorrestrictionsthereofinrespectofeachclassofcapitalstock oftheCorporation.

ACOMMONSTOCKANDCLASSACOMMONSTOCK.

1.General.

Exceptas setforthinthisArticleFOURTH,SectionA,theCommon

StockandtheClassA CommonStockshallhavethesamerights,preferences,privilegesand restrictionsandshallrankequally,shareratablyandbeidenticalinallrespectsastoallmatters. Thevoting,dividendandliquidationrightsoftheholdersoftheCommonStockandClassA CommonStockare subjecttoandqualifiedbytherightsoftheholdersofthePreferredStockof anyseriesasmaybedesignatedbytheBoardofDirectorsuponanyissuanceofthePreferred Stockofanyseries.

2.Voting. TheholdersoftheCommonStockshallhavevotingrightsatall

meetingsofstockholders,eachsuchholderbeingentitledtoonevoteforeachsharethereofheld bysuchholder;provided,however,that,exceptasotherwiserequiredbylaw,holdersof CommonStockshallnotbeentitledtovoteonanyamendmenttothisCertificateof Incorporation(which,asusedherein,shallmeanthecertificateofincorporationofthe

Corporation,asamendedfromtimetotime,includingthetermsofanycertificateofdesignations ofanyseriesofPreferredStock)thatrelatessolelytothetermsofoneormoreoutstanding series ofPreferredStockiftheholdersofsuchaffectedseriesareentitled,eitherseparatelyortogether

as a class with the holders of one or more other such series, to vote thereon pursuant to this Certificate of Incorporation.  There shall be no cumulative voting. The Class A Common Stock shall not be entitled to vote except as otherwise specifically required by law.

ThenumberofauthorizedsharesofeachoftheCommonStockandClassACommon Stockmaybeincreasedordecreased(butnotbelowthenumberofsharesthereofthen outstanding)bytheaffirmativevoteoftheholdersofamajorityofthestockoftheCorporation entitledtovote,irrespectiveoftheprovisionsofSection242(b)(2)oftheGeneralCorporation LawoftheStateofDelaware.

3.Dividends. Dividendsmaybe declaredandpaidontheCommonStockandClass ACommonStockfromfundslawfullyavailablethereforasandwhendetermined bytheBoard

ofDirectorsandsubjecttoanypreferentialdividendorotherrightsofanythenoutstanding PreferredStock. AnydividendsdeclaredbytheBoardofDirectorstotheholdersofthethen outstandingsharesofCommonStockorClassA CommonStock,asapplicable,shallbepaidto theholdersthereofproratainaccordancewiththenumberofsharesofCommonStockorClass

ACommonStock,asapplicable,heldbyeachsuchholderasoftherecorddateofsuchdividend.

TheCommonStockshallnotbechangedintoadifferentnumberofsharesofCommonStockor thesameordifferentnumberofsharesofanyclassorclassesofstock,whetherbycapital reorganization, reclassification,recapitalization,stockdividendorotherwise,unlessthereisa simultaneousandproportionatechangetotheoutstandingsharesofClassACommonStock. The ClassACommonStockshallnotbechangedintoadifferentnumberofsharesofClassA CommonStockorthesameor different numberofsharesofanyclassorclassesofstock,

whetherbycapitalreorganization,reclassification,recapitalization,stockdividendorotherwise, unlessthereisasimultaneousandproportionatechangetotheoutstandingsharesofCommon Stock.

4.Liquidation. Subjecttoanypreferentialorotherrightsofanythenoutstanding PreferredStock,uponthedissolution orliquidationoftheCorporation,whethervoluntaryor involuntary,holdersofCommonStockandClassA CommonStockwillbeentitledtoreceiveall assetsoftheCorporation availablefordistributiontoitsstockholders,proratabasedonthe numberofsharesheldbyeachsuchholder,treatingforthispurposeallsharesofClassA CommonStockasiftheyhadbeenconvertedtoCommonStockpursuanttothetermsofthe CertificateofIncorporation immediatelypriortosuchdissolutionorliquidation.

5.AutomaticConversionofClassACommonStock. EachshareofClassA CommonStockshallautomaticallybe convertedintooneshareofCommonStockupon(i)the expiration,withrespecttoaholderofClassA CommonStock,oftheapplicablewaitingperiod undertheHart-Scott-RodinoAntitrustImprovementsActof1976,asamended(the"HSR Act") suchthatsuchholdercouldacquiresharesofCommonStockissuableuponconversionofsuch holder'ssharesofClassA CommonStockincompliancewiththeHSRAct,(ii)anyotherevent, theoccurrenceofwhichresultsintheabilityofaholderofClassACommonStocktoacquire thesharesofCommonStockissuableuponconversionoftheClassACommonStockpursuant tothisSection5incompliancewiththeHSRActor(iii)theSale(asdefinedbelow)ofsuch shareofClassACommonStock. A"Sale"shallmeananysale,assignment,transferorother disposition, byoperationoflaworotherwise,ofashareofClassACommonStock,orany interesttherein,toapersonorentity(x)thatwouldnotberequiredtomakeafilingunderthe

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HSRActtoacquireanequalnumberofsharesofCommonStockor(y)forwhichthewaiting periodundertheHSRActapplicabletosuchpersonacquiringanequalnumberofsharesof CommonStockhasexpired.

6.MechanicsofConversion.  Intheeventofanautomaticconversion pursuantto Section5above,theoutstandingsharesofClassACommonStockshallbeconverted automatically  withoutanyfurtheractionbytheholderofsuchsharesandwhetherornotthe certificatesrepresentingsuchsharesare surrenderedtotheCorporationorits transferagent; provided,thattheCorporationshallnotbeobligatedtoissuecertificatesevidencingthesharesof CommonStockissuableuponsuchautomaticconversionunlesseitherthecertificatesevidencing suchsharesofClassACommonStockaresurrendered,dulyendorsed,totheCorporationorits transferagentwithwrittennoticethatsuchshares havebeenconverted,ortheholdernotifiesthe Corporationoritstransferagentthat suchcertificateshavebeenlost,stolenordestroyedand executesanagreementsatisfactory totheCorporation(butshallnotberequiredtoprovidea bond)toindemnifytheCorporationfromany lossincurredbyitinconnectionwithsuch

certificates.

NofractionalsharesofCommonStockshallbeissueduponconversionoftheClassA CommonStock. Inlieuofanyfractionalsharestowhichtheholderwouldotherwisebeentitled, theCorporation shallpaycashequaltosuchfractionmultipliedbythefairmarketvalueofa

shareofCommonStockasdeterminedingoodfaithbytheBoardofDirectors. Anysharesof ClassACommonStockthat areconvertedtoCommonStockshallberetiredandcancelled and maynotbereissuedassharesofClassACommonStock,andtheCorporationmaythereafter takesuchappropriateaction(withouttheneedforstockholderaction)asmaybenecessaryto reducetheauthorizednumberofsharesofClassACommonStockaccordingly.

BPREFERRED STOCK.

PreferredStockmaybeissuedfromtimetotimeinoneormoreseries,eachofsuch seriestohavesuchtermsasstatedorexpressedhereinandintheresolutionorresolutions providingfortheissueofsuchseriesadoptedbytheBoardofDirectorsoftheCorporation as hereinafter provided. AnysharesofPreferredStockwhichmayberedeemed,purchasedor acquiredbytheCorporationmaybereissuedexceptasotherwiseprovidedbylaw.

AuthorityisherebyexpresslygrantedtotheBoardofDirectorsfromtimetotimetoissue thePreferredStockinoneormoreseries,andinconnectionwiththecreationofanysuchseries, byadoptingaresolutionorresolutionsprovidingfortheissuanceofthesharesthereofandby filingacertificateofdesignations relatingtheretoin accordancewiththeGeneralCorporation

LawoftheStateofDelaware,todetermineandfixthenumberofsharesofsuchseriesandsuch votingpowers,fullorlimited,ornovotingpowers,andsuchdesignations,preferencesand

relativeparticipating,optionalorother specialrights,andqualifications, limitations or restrictions thereof,includingwithoutlimitationthereof,dividendrights,conversion rights, redemptionprivilegesandliquidation preferences,as shallbestatedandexpressed insuch resolutions,alltothefullextentnoworhereafterpermittedbytheGeneralCorporationLawof

theStateofDelaware.  Withoutlimitingthegeneralityoftheforegoing,theresolutionsproviding forissuanceofanyseriesofPreferredStockmayprovidethatsuchseriesshallbesuperioror

rankequallyorbejuniortoanyotherseriesofPreferredStocktotheextentpermittedbylaw.

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ThenumberofauthorizedsharesofPreferredStockmaybeincreasedordecreased(but notbelowthenumberofsharesthenoutstanding) bytheaffirmativevoteoftheholdersofa majorityofthevotingpowerofthecapitalstockoftheCorporationentitledtovotethereon, votingasasingleclass,irrespectiveofthe provisionsofSection242(b)(2)oftheGeneral CorporationLawoftheStateofDelaware.

FIFTH: Exceptasotherwiseprovidedherein,theCorporationreservestherightto amend,alter,changeorrepealanyprovisioncontainedinthisCertificateofIncorporation,inthe mannernoworhereafterprescribedbystatuteandthisCertificateofIncorporation,andallrights conferreduponstockholdershereinaregrantedsubjecttothisreservation.

SIXTH: Infurtheranceandnotinlimitationofthepowersconferreduponitbythe GeneralCorporation LawoftheStateofDelaware,andsubjecttothetermsofanyseriesof PreferredStockandtheprovisionsofapplicablelaw,theBoardofDirectorsshallhavethepower toadopt,amend,alterorrepealtheBylawsoftheCorporationbytheaffirmativevoteofa majorityofthedirectorspresentatanyregularorspecialmeetingoftheBoardofDirectorsat whichaquorumispresent. Thestockholdersmaynotadopt,amend,alterorrepealtheBylaws

oftheCorporation,oradoptanyprovisioninconsistenttherewith,unlesssuchactionisapproved, inadditiontoanyothervoterequiredbythisCertificateofIncorporation,bytheaffirmativevote oftheholdersofatleasttwo-thirdsofthevotesthatallthestockholderswouldbeentitledtocast inanyannualelectionofdirectorsorclassofdirectors. Notwithstandinganyotherprovisionsof law,thisCertificateofIncorporationortheBylawsoftheCorporation,andnotwithstandingthe factthatalesserpercentagemaybespecifiedbylaw,theaffirmativevoteoftheholdersofat

leasttwo-thirdsofthevotesthatallthe stockholderswouldbeentitledtocastinanyannual electionofdirectorsorclassofdirectorsshallberequiredtoamendorrepeal,ortoadoptany provisioninconsistentwith,thisArticleSIXTH.

SEVENTH:  ExcepttotheextentthattheGeneralCorporationLawoftheStateof Delawareprohibitstheeliminationorlimitationof liabilityofdirectorsforbreachesoffiduciary duty,nodirectoroftheCorporationshallbepersonallyliabletotheCorporationorits stockholdersformonetarydamagesforanybreachoffiduciarydutyasadirector, notwithstanding anyprovisionof lawimposingsuchliability. Noamendmenttoorrepealofthis provisionshallapplytoorhaveanyeffectontheliabilityorallegedliabilityofanydirectorof theCorporation fororwithrespecttoanyactsoromissionsofsuchdirectoroccurringpriorto suchamendmentorrepeal. IftheGeneralCorporationLawof theStateofDelawareisamended topermitfurthereliminationorlimitationofthepersonalliabilityofdirectors,thentheliability

ofadirectoroftheCorporationshallbeeliminatedorlimitedtothefullestextentpermittedby theGeneralCorporation Lawof theStateofDelawareas soamended.

EIGHTH: TheCorporationshallprovideindemnificationasfollows:

1.Actions,SuitsandProceedingsOtherthanbyorintheRightoftheCorporation. TheCorporation shallindemnifyeachpersonwhowasorisapartyorthreatenedtobemadea partytoanythreatened,pendingorcompletedaction,suitorproceeding,whethercivil,criminal, administrativeorinvestigative(otherthananactionbyorintherightof theCorporation) by reasonofthefactthatheorsheisorwas,orhas agreedtobecome,adirectororofficerofthe Corporation, orisorwasserving,orhasagreedtoserve,attherequestoftheCorporation,asa

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director,officer,partner,employeeortrusteeof,orinasimilarcapacitywith,another

corporation,partnership,jointventure,trustorotherenterprise(includinganyemployeebenefit plan)(allsuchpersonsbeingreferredtohereafterasan"Indemnitee"),orbyreasonofanyaction allegedtohavebeentakenoromittedinsuchcapacity,againstallexpenses(includingattorneys' fees),liabilities,losses,judgments,fines,excisetaxesandpenaltiesarisingundertheEmployee RetirementIncomeSecurityActof1974,andamountspaidinsettlementactuallyandreasonably incurredbyoronbehalfofIndemniteeinconnectionwithsuchaction,suitorproceedingand

anyappealtherefrom,ifIndemniteeactedingoodfaithandinamannerwhichIndemnitee reasonablybelievedtobein,ornotopposedto,thebestinterestsoftheCorporation,and,with respecttoanycriminalactionorproceeding,hadnoreasonablecausetobelievehisorher conductwasunlawful. Theterminationofanyaction,suitorproceeding byjudgment,order, settlement,convictionoruponapleaofnolocontendereoritsequivalent,shallnot,ofitself, createapresumptionthatIndemniteedidnotactingoodfaithandinamannerwhichIndemnitee reasonablybelievedtobein,ornot opposedto,thebestinterestsoftheCorporation,and,with respecttoanycriminalactionorproceeding,hadreasonablecausetobelievethathisorher conductwasunlawful.

2.ActionsorSuitsbyorintheRightoftheCorporation. TheCorporationshall indemnifyanyIndemniteewhowasorisapartytoorthreatenedtobemadeapartytoany threatened,pendingorcompletedactionorsuitbyorintherightoftheCorporationtoprocurea judgmentinitsfavorbyreasonofthefactthatIndemniteeisorwas,orhasagreedtobecome,a directororofficeroftheCorporation,orisorwasserving,orhasagreedtoserve,attherequest oftheCorporation,asadirector,officer,partner,employeeortrustee of, or in a similarcapacity with,anothercorporation,partnership,jointventure,trustorotherenterprise(includingany employeebenefitplan),orbyreasonofanyactionallegedtohavebeentakenoromittedinsuch capacity,againstallexpenses(includingattorneys'fees)and,totheextentpermittedbylaw, amountspaidinsettlementactuallyandreasonablyincurredbyoronbehalfofIndemniteein connectionwithsuchaction,suitorproceedingandanyappealtherefrom,ifIndemniteeactedin goodfaithandinamannerwhichIndemniteereasonablybelievedtobein,ornotopposedto,the bestinterestsoftheCorporation,exceptthatnoindemnificationshallbemadeunderthisSection 2inrespectofanyclaim,issueormatterastowhichIndemniteeshallhavebeenadjudgedtobe liabletotheCorporation,unless,andonlytotheextent,thattheCourtofChanceryofDelaware orthecourtinwhichsuchactionorsuitwasbroughtshalldetermineuponapplicationthat, despitetheadjudication ofsuchliabilitybutinviewofallthecircumstancesofthecase, Indemniteeisfairlyandreasonablyentitledtoindemnityforsuchexpenses(includingattorneys' fees)whichtheCourtofChanceryofDelawareorsuchothercourtshalldeemproper.

3.Indemnification forExpenses of Successful Party. Notwithstandinganyother provisionsofthisArticleEIGHTH,totheextentthatanIndemniteehasbeensuccessful,onthe meritsorotherwise,indefenseofanyaction,suitorproceedingreferredtoinSections1and2of thisArticleEIGHTH,orindefenseofanyclaim,issueormattertherein,oronappealfromany suchaction,suitorproceeding,Indemniteeshallbeindemnifiedagainstallexpenses(including attorneys'fees)actuallyandreasonablyincurredbyoronbehalfofIndemniteeinconnection therewith. Withoutlimitingtheforegoing,ifanyaction,suitorproceedingisdisposedof,onthe meritsorotherwise(includingadispositionwithoutprejudice),without(i)thedispositionbeing adversetoIndemnitee,(ii)anadjudicationthatIndemniteewasliabletotheCorporation,(iii)a pleaofguiltyornolocontenderebyIndemnitee,(iv)anadjudicationthatIndemniteedidnotact

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ingoodfaithandinamannerheorshereasonablybelievedtobeinornotopposedtothebest interestsoftheCorporation,and(v)withrespecttoanycriminalproceeding,anadjudicationthat Indemniteehadreasonablecausetobelievehis orherconductwasunlawful,Indemniteeshallbe consideredforthepurposeshereoftohavebeenwhollysuccessfulwithrespectthereto.

4.NotificationandDefenseofClaim. IndemniteeshallnotifytheCorporationin writingassoonaspracticableofanyaction,suit,proceedingorinvestigationinvolvingsuch Indemniteeforwhichindemnitywillorcouldbesought;providedthatthefailureofany Indemniteeto givenoticeasprovidedhereinshallnotrelievetheCorporationofits obligations underthisArticleEIGHTHunlesstheCorporationismateriallyprejudicedthereby. With respecttoanyaction,suit,proceedingorinvestigationofwhichtheCorporation issonotified, theCorporation willbeentitledtoparticipatethereinatitsownexpenseand/ortoassumethe defensethereofatitsownexpense,withlegalcounselreasonablyacceptabletoIndemnitee. AfternoticefromtheCorporationtoIndemniteeofitselectionsotoassumesuchdefense,the Corporation shallnotbeliabletoIndemniteeforanylegalorotherexpensessubsequently incurredbyIndemniteeinconnectionwithsuchaction,suit,proceedingorinvestigation,other thanasprovidedbelowinthisSection4. Indemniteeshallhavetherighttoemployhisorher owncounselin connection withsuchaction,suit,proceedingorinvestigation,butthefeesand expensesofsuchcounselincurredafternoticefromtheCorporationofitsassumptionofthe defensethereofshallbeattheexpenseofIndemniteeunless(i)theemploymentofcounselby IndemniteehasbeenauthorizedbytheCorporation,(ii)counseltoIndemniteeshallhave reasonablyconcludedthattheremaybeaconflictofinterestorpositiononanysignificantissue betweentheCorporationandIndemniteeintheconductofthedefenseofsuchaction,suit, proceedingorinvestigationor(iii)theCorporationshallnotinfacthaveemployedcounselto assumethedefenseofsuchaction,suit,proceedingorinvestigation,ineachofwhichcasesthe feesandexpensesofcounselforIndemniteeshallbe attheexpenseoftheCorporation, exceptas otherwiseexpresslyprovidedbythisArticleEIGHTH. TheCorporationshallnotbeentitled, withouttheconsentofIndemnitee,toassumethedefenseofanyclaimbroughtbyorintheright oftheCorporationorastowhichcounselforIndemniteeshallhavereasonablymadethe conclusionprovidedforinclause(ii)above.TheCorporationshallnotberequiredtoindemnify IndemniteeunderthisArticleEIGHTHforanyamountspaidinsettlementofanyaction,suit, proceedingorinvestigationeffectedwithoutitswrittenconsent. TheCorporation shallnotsettle anyaction,suit,proceedingorinvestigationinanymannerwhichwouldimposeanypenaltyor limitationonIndemniteewithoutIndemnitee'swrittenconsent. NeithertheCorporationnor Indemniteewillunreasonablywithholdordelayitsconsenttoanyproposedsettlement.

5.AdvanceofExpenses. SubjecttotheprovisionsofSection6ofthisArticle EIGHTH,intheeventofanythreatenedorpendingaction,suit,proceedingorinvestigationof whichtheCorporation receivesnoticeunderthisArticleEIGHTH,anyexpenses(including attorneys'fees)incurredbyoronbehalfofIndemniteein defendinganaction,suit,proceeding orinvestigation oranyappealtherefromshallbepaidbytheCorporationinadvanceofthefinal dispositionofsuchmatter;provided,however,thatthepaymentofsuchexpensesincurredbyor onbehalfofIndemniteeinadvanceofthefinaldispositionofsuchmattershallbemadeonly uponreceiptofanundertakingbyoronbehalfofIndemniteetorepayallamountssoadvanced intheeventthatitshallultimatelybedeterminedthatIndemniteeisnotentitledtobe indemnified bytheCorporationasauthorizedinthisArticleEIGHTH. Suchundertakingshall beacceptedwithoutreferencetothefinancialabilityofIndemniteetomakesuchrepayment.

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6.ProcedureforIndemnificationandAdvancementofExpenses. Inordertoobtain indemnificationoradvancementofexpensespursuanttoSection1,2,3or5ofthisArticle EIGHTH,anIndemniteeshallsubmittotheCorporationawrittenrequest. Anysuch indemnification oradvancementofexpensesshallbemadepromptly,andinanyeventwithin60daysafterreceiptbytheCorporationofthewrittenrequestofIndemnitee,unless(i)the 

CorporationhasassumedthedefensepursuanttoSection4ofthisArticleEIGHTH(andnoneof thecircumstances describedinSection4ofthisArticleEIGHTHthatwouldnonethelessentitle theIndemniteetoindemnificationforthefeesandexpensesofseparatecounselhaveoccurred) or(ii)theCorporation determineswithinsuch60-dayperiodthatIndemniteedidnotmeetthe applicablestandardofconductsetforthinthisArticleEIGHTH.  Suchdetermination,andany determination thatadvancedexpensesmustberepaidtotheCorporation,shallbemadeineach instance(a)byamajorityvoteofthedirectorsoftheCorporationconsistingofpersonswhoare notatthattimepartiestotheaction,suitorproceedinginquestion("disinterested directors"), whetherornotaquorum,(b)byacommitteeofdisinteresteddirectorsdesignatedbymajority voteofdisinteresteddirectors,whetherornotaquorum,(c)iftherearenodisinteresteddirectors, orifthedisinteresteddirectorssodirect,byindependentlegalcounsel(whomay,totheextent permittedbylaw,beregularlegalcounseltotheCorporation)inawrittenopinion,or(d)bythe stockholdersoftheCorporation. UnlessotherwiserequiredbytheGeneralCorporation Lawof theStateofDelaware,theburdenofprovingthatIndemniteeisnotentitledtoindemnificationor advancementofexpensesunderthisArticleEIGHTHshallbe ontheCorporation.

7.Remedies. Therighttoindemnificationoradvancementofexpensesasgranted bythisArticleEIGHTHshallbeenforceablebyIndemniteeinanycourtofcompetent jurisdiction. NeitherthefailureoftheCorporationto havemadeadetermination priortothe commencement ofsuchactionthatindemnification isproperinthecircumstances because Indemniteehasmettheapplicablestandardofconduct,noranactualdeterminationbythe CorporationthatIndemniteehasnotmetsuchapplicablestandardofconduct,shallbe adefense totheactionorcreateapresumptionthatIndemniteehasnotmettheapplicablestandardof conduct. Indemnitee'sexpenses(includingattorneys'fees)reasonablyincurredinconnection withsuccessfully establishingIndemnitee's righttoindemnification,inwholeorinpart,inany suchproceedingshallalsobeindemnifiedbytheCorporation. Notwithstanding theforegoing,in anysuitbroughtbyIndemniteetoenforcearighttoindemnificationhereunderitshallbea defensethattheIndemniteehasnotmetanyapplicablestandardforindemnificationsetforthin theGeneralCorporation Lawofthe StateofDelaware.

8.Limitations. NotwithstandinganythingtothecontraryinthisArticleEIGHTH, exceptassetforthin Section7ofthisArticleEIGHTH,theCorporationshallnotindemnifyan IndemniteepursuanttothisArticleEIGHTHinconnectionwithaproceeding(orpartthereof) initiatedbysuchIndemniteeunlesstheinitiationthereofwasapprovedbytheBoardofDirectors oftheCorporation.  NotwithstandinganythingtothecontraryinthisArticleEIGHTH,the Corporation shallnotindemnifyanIndemniteetotheextentsuchIndemniteeisreimbursedfrom theproceedsofinsurance,andintheeventtheCorporationmakesanyindemnification payments toanIndemniteeandsuchIndemniteeissubsequentlyreimbursed fromtheproceedsof insurance,suchIndemniteeshallpromptlyrefundindemnificationpaymentstotheCorporation totheextentofsuchinsurancereimbursement.

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9.SubsequentAmendment. Noamendment,termination orrepealofthisArticle EIGHTHoroftherelevant provisionsoftheGeneral CorporationLawoftheStateofDelaware oranyotherapplicablelawsshall adversely affect ordiminishinanywaytherightsofany Indemniteetoindemnificationundertheprovisionshereofwithrespect toanyaction,suit, proceedingorinvestigation arising outoforrelatingtoanyactions,transactions orfacts occurringpriortothefinaladoption ofsuchamendment,terminationorrepeal.

10.Other Rights. Theindemnificationandadvancementofexpensesprovided bythis ArticleEIGHTHshallnotbedeemed exclusiveofanyotherrightstowhichanIndemnitee seekingindemnificationoradvancementofexpensesmaybeentitled underanylaw(commonor statutory),agreementorvoteofstockholdersordisinteresteddirectorsorotherwise,bothasto action inIndemnitee'sofficial capacityandastoactioninanyothercapacitywhileholding   officefortheCorporation,andshallcontinueastoanIndemniteewhohasceased tobeadirector orofficer,andshallinuretothebenefitoftheestate, heirs, executorsandadministratorsof Indemnitee.Nothingcontained inthisArticleEIGHTH shallbedeemed toprohibit,andthe Corporation is specificallyauthorizedtoenterinto,agreementswithofficersanddirectors providingindemnificationrightsandproceduresdifferent fromthosesetforthinthisArticle EIGHTH. Inaddition,theCorporationmay,totheextentauthorizedfromtimetotimebyits BoardofDirectors,grantindemnificationrightstootheremployeesoragentsoftheCorporation orotherpersons serving theCorporationandsuchrightsmaybeequivalent to,orgreater orless than,thosesetforthinthisArticle EIGHTH.

11.PartialIndemnification. IfanIndemniteeisentitledunderanyprovisionofthis Article EIGHTHtoindemnificationbytheCorporationforsomeoraportionoftheexpenses (includingattorneys'fees),judgments,finesoramounts paidinsettlementactuallyand reasonablyincurredbyoronbehalfofIndemniteeinconnectionwithanyaction,suit, proceedingorinvestigationandanyappealtherefrombutnot,however, forthetotalamount thereof,theCorporationshallneverthelessindemnifyIndemniteefortheportion ofsuch expenses (includingattorneys'fees),judgments,finesoramountspaidinsettlementtowhich Indemniteeisentitled.

12.Insurance.TheCorporationmaypurchaseandmaintain insurance,atitsexpense, toprotectitselfandanydirector,officer, employee oragentoftheCorporationor another corporation,partnership,jointventure,trustorotherenterprise(includinganyemployeebenefit plan)against anyexpense, liabilityorlossincurred byhimorherinanysuchcapacity,orarising outofhisorherstatusassuch,whetherornottheCorporationwouldhavethepowerto indemnifysuchpersonagainstsuchexpense,liabilityorlossundertheGeneral CorporationLaw oftheStateofDelaware.

13.SavingsClause.  IfthisArticle EIGHTHoranyportionhereofshallbeinvalidated onanygroundbyanycourtofcompetentjurisdiction,thentheCorporationshall nevertheless indemnifyeach Indemniteeastoanyexpenses (includingattorneys'fees),judgments,finesand amountspaidinsettlementinconnectionwithanyaction,suit,proceedingorinvestigation, whether civil,criminal oradministrative,includinganactionbyorintherightofthe Corporation,tothefullestextent permittedbyanyapplicableportionofthisArticle EIGHTH thatshallnothavebeeninvalidatedandtothefullestextent permitted byapplicablelaw.

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14.Definitions. TermsusedhereinanddefinedinSection145(h)andSection145(i) oftheGeneralCorporationLawoftheStateofDelawareshallhavetherespectivemeanings assignedtosuchtermsinsuchSection145(h)andSection145(i).

NINTH: ThisArticleNINTHisinsertedforthemanagementofthebusinessandforthe conductoftheaffairsoftheCorporation.

1.GeneralPowers.ThebusinessandaffairsoftheCorporationshallbemanagedby orunderthedirectionoftheBoardofDirectors.

2.NumberofDirectors;ElectionofDirectors. Subjecttotherightsofholdersof anyseriesofPreferredStocktoelectdirectors,thenumberofdirectorsoftheCorporation shall beestablishedbytheBoardofDirectors. Electionofdirectorsneednotbebywrittenballot, exceptasandtotheextentprovidedintheBylawsoftheCorporation.

3.ClassesofDirectors. Subjecttotherightsof holdersofanyseriesofPreferred Stocktoelectdirectors,theBoardofDirectorsshallbeandisdividedintothreeclasses, designatedClassI,ClassIIandClassIII. Eachclassshallconsist,asnearlyasmaybepossible, ofone-thirdofthetotalnumberofdirectorsconstitutingtheentireBoardofDirectors. The BoardofDirectorsisauthorizedtoassignmembersoftheBoardofDirectorsalreadyinofficeto Class I, Class II or Class IIIatthetimesuchclassificationbecomeseffective.

4.TermsofOffice. SubjecttotherightsofholdersofanyseriesofPreferredStock toelectdirectors,eachdirectorshallserveforatermendingonthedateofthethirdannual meetingofstockholders followingtheannualmeetingofstockholdersatwhichsuchdirectorwas elected;providedthateachdirectorinitiallyassignedtoClassIshallserveforatermexpiringat theCorporation'sfirstannualmeetingofstockholdersheldaftertheeffectivenessofthis  RestatedCertificateofIncorporation;eachdirectorinitiallyassignedtoClassIIshallservefora termexpiringattheCorporation'ssecondannualmeetingofstockholdersheldafterthe effectivenessofthisRestatedCertificateofIncorporation;andeachdirectorinitially assignedto ClassIIIshallserveforatermexpiringattheCorporation'sthirdannualmeetingofstockholders heldaftertheeffectivenessofthisRestatedCertificateofIncorporation;providedfurther,thatthe termofeachdirectorshallcontinueuntiltheelectionandqualificationofhisorhersuccessor  andbesubjecttohisorherearlierdeath,resignationorremoval.

5.Quorum. Thegreaterof(a)amajorityofthedirectorsatanytimeinofficeand (b)one-thirdofthenumberofdirectorsfixedpursuanttoSection2ofthisArticleNINTHshall constituteaquorumoftheBoardofDirectors. IfatanymeetingoftheBoardofDirectorsthere shallbelessthansuchaquorum,amajorityofthedirectorspresentmayadjournthemeeting fromtimetotimewithoutfurthernoticeotherthanannouncementatthemeeting,untilaquorum shallbepresent.

6.ActionatMeeting. Everyactordecisiondoneormadebyamajorityofthe directorspresentatameetingdulyheldatwhichaquorumispresentshallberegarded astheact oftheBoardofDirectorsunlessagreaternumberisrequiredbylaworbythisCertificateof Incorporation.

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7.Removal. SubjecttotherightsofholdersofanyseriesofPreferredStock, directorsoftheCorporation mayberemovedonlyforcauseandonlybytheaffirmativevoteof theholdersofatleasttwo-thirdsofthevotesthatallthestockholderswouldbeentitledtocastin anyannualelectionofdirectorsorclassofdirectors;providedthatforsolongasany stockholdersoftheCorporationhaveacontractualrightwiththeCorporationtodesignatea directoroftheCorporation,directorsoftheCorporationmayberemoved,withorwithoutcause, bytheholdersthathavetherighttoremovesuchdirectorbytheaffirmativevoteofatleasta majorityofthevotesthatallsuchstockholderswouldbeentitledtocastinanyannualelectionof directorsorclassofdirectors.

8.Vacancies. SubjecttotherightsofholdersofanyseriesofPreferredStock,any vacancyornewlycreateddirectorshipintheBoardofDirectors,howeveroccurring,shallbe filledonlybyvoteofamajorityofthedirectorstheninoffice,althoughlessthanaquorum,or byasoleremainingdirectorandshallnotbefilledbythestockholders; provided that for so long asanystockholdersoftheCorporationhaveacontractualrightwiththeCorporation to designate adirectoroftheCorporation,anyvacancyintheBoardofDirectors,howeveroccurring,shallbe filledbytheholdersthathavetherighttoremovesuchdirectorbytheaffirmativevoteofatleast amajorityofthevotesthatallsuchstockholderswouldbeentitledtocastinanyannualelection ofdirectorsorclassofdirectors. A directorelectedtofillavacancyshallholdofficeuntilthe nextelectionoftheclassforwhichsuchdirectorshallhavebeenchosen,subjecttotheelection andqualification ofasuccessorandtosuchdirector'searlierdeath,resignationorremoval.

9.Stockholder NominationsandIntroductionofBusiness,Etc. Advancenoticeof stockholdernominationsforelectionofdirectorsandotherbusinesstobebroughtby stockholders beforeameetingofstockholdersshallbegiveninthemannerprovidedbythe BylawsoftheCorporation.

10.AmendmentstoArticle. Notwithstandinganyotherprovisionsoflaw,this CertificateofIncorporationortheBylawsoftheCorporation,andnotwithstandingthefactthata lesserpercentagemaybe specifiedbylaw,theaffirmativevoteoftheholdersofatleasttwo­ thirdsofthevotesthatallthestockholderswouldbeentitledtocastinanyannualelectionof directorsorclassofdirectorsshallberequiredtoamendorrepeal,ortoadoptanyprovision inconsistentwith,thisArticleNINTH.

TENTH: IfatanytimeCarlylePartnersIV,L.P.,CPIVCoinvestment, L.P.andtheir respective affiliates(collectively,the"Sponsors"),anyotherstockholdersthatreceivedtheir sharesinatransferfromanyoftheSponsors(otherthananytransfereffectedpursuantto(i)an effectiveregistrationstatementundertheSecuritiesActof1933,asamended(the"Act"), or(ii) Rule144promulgatedundertheAct)andtheirrespectiveaffiliatesandWilliamC.Stone collectivelybeneficiallyown50.0%orlessoftheoutstandingsharesofCommonStock,thenany actionrequiredorpermittedtobetakenatanyannualorspecialmeetingofstockholdersofthe Corporationmaybetakenonlyuponthevoteofthestockholdersatanannualorspecialmeeting duly calledandmaynotbetakenbywrittenconsentofthestockholders. TheBylawsmay establishproceduresregulatingthesubmissionbystockholdersofnominationsandproposalsfor considerationatmeetingsofstockholdersoftheCorporation. Notwithstanding any other provisionoflaw,thisCertificateof IncorporationortheBylawsof theCorporation, and notwithstandingthefactthatalesserpercentagemaybespecifiedbylaw,theaffirmativevoteof

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theholdersofatleasttwo-thirdsofthe votesthatallthestockholderswouldbeentitledtocastin anyannualelectionofdirectorsorclassofdirectorsshallberequiredto amendorrepeal,orto adoptanyprovisioninconsistentwith,thisArticleTENTH.

ELEVENTH: Specialmeetingsofstockholdersforanypurposeorpurposesmaybe calledatanytimeonlybytheBoardof Directors,theChairmanoftheBoardortheChief ExecutiveOfficer,andmaynotbecalledbyanyotherpersonorpersons. Businesstransactedat anyspecialmeetingofstockholdersshallbelimitedtomattersrelatingtothepurposeor purposesstatedinthenoticeofmeeting. Notwithstandinganyotherprovisionof law,this Certificateof IncorporationortheBylawsoftheCorporation,andnotwithstandingthefactthata lesserpercentagemay be specified by law,theaffirmativevoteoftheholdersofatleasttwo­ thirdsofthevotesthatallthestockholderswouldbe entitledtocastinanyannualelectionof directorsorclassofdirectorsshallberequiredtoamendorrepeal,or to adopt any provision inconsistent with,thisArticleELEVENTH.

TWELFTH: TothefullestextentpermittedbySection122(17)of theGeneral CorporationLawoftheStateofDelawareandexceptasmaybe otherwiseexpresslyagreedin writingbytheCorporationandanySponsor,the Corporation,onbehalfofitselfandits subsidiaries,renouncesanyinterestorexpectancyoftheCorporationanditssubsidiariesin,orin beingofferedanopportunitytoparticipatein,businessopportunities,thatarefromtimetotime presentedtoanyoftheSponsorsoranyoftheirrespectiveofficers,directors,agents, stockholders,members,partners,affiliatesandsubsidiaries(otherthantheCorporationandits subsidiaries), even if the opportunity is one that theCorporationoritssubsidiariesmight reasonablybedeemedtohavepursuedorhadtheabilityordesiretopursueifgrantedthe opportunity to doso,andnosuchpersonshallbeliabletotheCorporationoranyofits subsidiariesforbreachofanyfiduciary orotherduty,asadirectororofficerorotherwise,by reasonofthefactthatsuchpersonpursuesoracquiressuchbusinessopportunity,directssuch businessopportunitytoanotherpersonorfailstopresentsuchbusinessopportunity,or informationregardingsuchbusinessopportunity,totheCorporationoritssubsidiariesunless,in thecaseofanysuchpersonwho isadirectororofficeroftheCorporation,suchbusiness opportunityisofferedtosuchdirectororofficerinwritingsolelyinhisorhercapacityasa directororofficeroftheCorporation. Anypersonpurchasingorotherwiseacquiringanyinterest inanysharesofstockoftheCorporationshallbedeemedtohavenoticeofandconsentedtothe provisionsofthisArticleTWELFTH. Neitherthealteration,amendmentorrepealofthisArticle TWELFTHnortheadoptionofanyprovisionofthisCertificateofIncorporationinconsistent withthisArticleTWELFTHshalleliminateorreducetheeffectofthisArticleTWELFTHin respectofanybusinessopportunityfirstidentifiedoranyothermatteroccurring,oranycauseof action,suitorclaimthat,butforthisArticleTWELFTH,wouldaccrueorarise,priortosuch alteration,amendment,repealoradoption. Notwithstandinganyotherprovisionof law,this Certificateof IncorporationortheBylawsoftheCorporation,andnotwithstandingthefactthata lesserpercentagemaybespecifiedbylaw,theaffirmativevoteoftheholdersofatleasttwo­ thirdsofthevotesthatallthestockholderswouldbeentitledto castinanyannualelectionof directorsorclassofdirectorsshallberequiredtoamendorrepeal,ortoadoptanyprovision inconsistentwith,thisArticleTWELFTH.

THIRTEENTH: TheCorporation electsnottobe governedbySection203ofthe

GeneralCorporationLawoftheStateofDelaware,"BusinessCombinationsWithInterested

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Stockholders",aspermittedunderandpursuanttosubsection(b)(3)oftheGeneralCorporation

LawoftheStateofDelaware.

INWITNESSWHEREOF,thisRestatedCertificateof Incorporation,whichrestates, integratesandamendsthecertificateofincorporationoftheCorporation,andwhichhasbeen dulyadoptedinaccordancewithSections228,242and245oftheGeneralCorporation Lawof theStateofDelaware,hasbeenexecutedby itsdulyauthorizedofficerthis6thdayofApril,

2010.

SS&CTECHNOLOGIESHOLDINGS,INC. By:/s/WilliamC.Stone

WilliamC.Stone

ChairmanoftheBoardandChiefExecutive

Officer

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CERTIFICATEOFAMENDMENT OF

SS&CTECHNOLOGIESHOLDINGS,INC.

March30,2015

Pursuanttotheprovisionsof §242ofthe

GeneralCorporationLawoftheStateofDelaware

FIRST:ThepresentnameofthecorporationisSS&CTECHNOLOGIES HOLDINGS,INC.(the"Corporation").Thedateoffilingof theoriginal RestatedCertificateof IncorporationoftheCorporationwiththeSecretaryof State oftheState of DelawarewasApril6,2010.

SECOND: ArticleFourthoftheRestatedCertificateof Incorporation of theCorporationisherebyamendedandrestatedinitsentiretyasfollows:

"FOURTH: Thetotalnumberofsharesofallclassesofstock whichtheCorporationshallhaveauthoritytoissueis210,000,000 shares,consisting of (i)200,000,000sharesofCommonStock, $0.01parvaluepershare("CommonStock"),(ii) 5,000,000shares ofClassANon-VotingCommonStock,$0.01parvaluepershare ("ClassACommonStock"),and (iii)5,000,000sharesofPreferred Stock,$0.01parvaluepershare("PreferredStock")."

THIRD: Theforegoingamendmenttothe RestatedCertificateof IncorporationoftheCorporationhasbeendulyadoptedbythestockholders in accordancewiththeprovisionsof §242oftheGeneralCorporationLawofthe StateofDelaware.

FOURTH:Allotherprovisionsofthe RestatedCertificateof Incorporationof

theCorporationshallremainin fullforceandeffect.

[SignaturePageFollows]

INWITNESS WHEREOF,theundersignedhasexecutedthisCertificate

ofAmendment asofthedatefirstsetforthabove.

SS&CTECHNOLOGIESHOLDINGS,INC.

By:/s/Paul G. Igoe

Name: Paul G. Igoe

Title: Senior Vice President and General

CERTIFICATE OF CORRECTION
OF THE
CERTIFICATE OF AMENDMENT
OF
SS&C TECHNOLOGIES HOLDINGS, INC.
May 24, 2016Pursuant to the provisions of § 103(f) of the
General Corporation Law of the State of Delaware

FIRST: The name of the corporation is SS&C TECHNOLOGIES HOLDINGS, INC. (the “Corporation”).

SECOND: The Corporation filed a Certificate of Amendment with the office of the Secretary of State of the State of Delaware on March 30, 2015 (the “Certificate of Amendment”).

THIRD: The Certificate of Amendment is an inaccurate record of the corporate action referred to therein because Article Second of the Certificate of Amendment, which sets forth an amendment to Article Fourth of the Restated Certificate of Incorporation of the Corporation, inadvertently omits that only the first paragraph of Article Fourth of the Restated Certificate of Incorporation is amended and restated in its entirety.

FOURTH: The first sentence of Article Second of the Certificate of Amendment is hereby corrected to read in its entirety as follows:

“The first paragraph of Article Fourth of the Restated Certificate of Incorporation of the Corporation is hereby amended and restated in its entirety as follows:”

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned has executed this Certificate of Correction as of the date first set forth above.

SS&C TECHNOLOGIES HOLDINGS, INC.
By:	/s/ Paul G. Igoe
Name:	Paul G. Igoe
Title:	Senior Vice President and General Counsel

CERTIFICATE OF AMENDMENT
OF
SS&C TECHNOLOGIES HOLDINGS, INC.
May 25, 2016Pursuant to the provisions of§ 242 of the
General Corporation Law of the State of Delaware

FIRST: The present name of the corporation is SS&C TECHNOLOGIES HOLDINGS, INC. (the “Corporation”). The date of filing of the original Restated Certificate of Incorporation of the Corporation with the Secretary of State of the State of Delaware was April 6, 2010.

SECOND: The first paragraph of Article Fourth of the Restated Certificate of Incorporation of the Corporation is hereby amended and restated in its entirety as follows:

“FOURTH: The total number of shares of all classes of stock which the Corporation shall have authority to issue is 410,000,000 shares, consisting of (i) 400,000,000 shares of Common Stock, $0.01 par value per share (“Common Stock”), (ii) 5,000,000 shares of Class A Non-Voting Common Stock, $0.01 par value per share (“Class A Common Stock”), and (iii) 5,000,000 shares of Preferred Stock, $0.01 par value per share (“Preferred Stock”).”

THIRD: The foregoing amendment to the Restated Certificate of Incorporation of the Corporation has been duly adopted by the stockholders in accordance with the provisions of § 242 of the General Corporation Law of the State of Delaware.

FOURTH: All other provisions of the Restated Certificate of Incorporation of the Corporation shall remain in full force and effect.

[Signature Page Follows]

IN WITNESS WHEREOF, the undersigned has executed this Certificate of Amendment as of the date first set forth above.

SS&C TECHNOLOGIES HOLDINGS, INC.
By:	/s/ Paul G. Igoe
Name:	Paul G. Igoe
Title:	Senior Vice President and General Counsel

EX-31.1

Exhibit 31.1

CERTIFICATION

I, William C. Stone, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SS&C Technologies Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2016	/s/ William C. Stone
	William C. Stone
	Chairman of the Board and Chief Executive Officer (Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Patrick J. Pedonti, certify that:

1. I have reviewed this quarterly report on Form 10-Q of SS&C Technologies Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 5, 2016	/s/ Patrick J. Pedonti
	Patrick J. Pedonti
	Senior Vice President and Chief Financial Officer (Principal Financial Officer)

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report on Form 10-Q of SS&C Technologies Holdings, Inc. (the “Company”) for the period ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned officers of the Company hereby certify to their knowledge, pursuant to 18 U.S.C. Section 1350, that:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 5, 2016	By:	/s/ William C. Stone
		William C. Stone
		Chairman of the Board and Chief Executive Officer (Principal Executive Officer)

Date: August 5, 2016	By:	/s/ Patrick J. Pedonti
		Patrick J. Pedonti
		Senior Vice President and Chief Financial Officer (Principal Financial Officer)

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Trading Symbol	SSNC
Entity Registrant Name	SS&C Technologies Holdings Inc
Entity Central Index Key	0001402436
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		201,137,804

XML

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 95,222	$ 434,159
Accounts receivable, net of allowance for doubtful accounts of $3,957 and $2,957, respectively	239,428	169,951
Prepaid expenses and other current assets	32,598	27,511
Prepaid income taxes	39,319	40,627
Restricted cash	2,818	2,818
Total current assets	409,385	675,066
Property, plant and equipment:
Land	2,655	2,655
Building and improvements	37,042	37,855
Equipment, furniture, and fixtures	112,436	97,274
Total property and equipment	152,133	137,784
Less: accumulated depreciation	(82,576)	(70,641)
Net property, plant and equipment	69,557	67,143
Deferred income taxes	2,018	2,199
Goodwill (Note 3)	3,636,495	3,549,212
Intangible and other assets, net of accumulated amortization of $634,518 and $536,929, respectively	1,571,384	1,508,622
Total assets	5,688,839	5,802,242
Current liabilities:
Current portion of long-term debt (Note 2)	30,878	32,281
Accounts payable	20,033	11,957
Income taxes payable		1,428
Accrued employee compensation and benefits	55,836	83,894
Interest payable	22,386	28,903
Other accrued expenses	45,964	36,231
Deferred revenue	238,785	222,024
Total current liabilities	413,882	416,718
Long-term debt, net of current portion (Note 2)	2,569,971	2,719,070
Other long-term liabilities	61,915	51,434
Deferred income taxes	478,641	509,574
Total liabilities	3,524,409	3,696,796
Commitments and contingencies (Note 8)
Common stock:
Common stock	2,018	1,932
Additional paid-in capital	1,859,124	1,793,149
Accumulated other comprehensive loss	(100,642)	(83,170)
Retained earnings	421,926	411,493
Stockholders' equity before treasury stock	2,182,426	2,123,431
Less: cost of common stock in treasury, 1,573,200 and 1,572,878 shares, respectively	(17,996)	(17,985)
Total stockholders’ equity	2,164,430	2,105,446
Total liabilities and stockholders’ equity	$ 5,688,839	5,802,242
Class A Non-Voting Common Stock [Member]
Common stock:
Common stock		$ 27

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Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts receivable	$ 3,957	$ 2,957
Accumulated amortization of finite-lived intangible assets	$ 634,518	$ 536,929
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	201,849,586	193,104,452
Common stock, shares outstanding	200,276,386	191,531,574
Common stock, shares unvested	17,876	24,876
Treasury stock, shares	1,573,200	1,572,878
Class A Non-Voting Common Stock [Member]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	0	2,703,846
Common stock, shares outstanding	0	2,703,846

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Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Software-enabled services	$ 244,672	$ 150,123	$ 450,319	$ 303,690
Maintenance and term licenses	103,392	38,978	198,512	78,952
Total recurring revenues	348,064	189,101	648,831	382,642
Perpetual licenses	5,039	12,948	10,254	16,018
Professional services	19,974	10,719	38,123	19,843
Total non-recurring revenues	25,013	23,667	48,377	35,861
Total revenues	373,077	212,768	697,208	418,503
Cost of revenues:
Software-enabled services	146,243	88,548	259,971	177,150
Maintenance and term licenses	46,460	12,338	93,406	26,505
Total recurring cost of revenues	192,703	100,886	353,377	203,655
Perpetual licenses	643	1,021	1,141	2,045
Professional services	17,133	7,596	32,645	16,110
Total non-recurring cost of revenues	17,776	8,617	33,786	18,155
Total cost of revenues	210,479	109,503	387,163	221,810
Gross profit	162,598	103,265	310,045	196,693
Operating expenses:
Selling and marketing	28,535	13,931	58,396	27,318
Research and development	40,827	17,520	77,274	37,128
General and administrative	27,199	13,463	57,894	30,763
Total operating expenses	96,561	44,914	193,564	95,209
Operating income	66,037	58,351	116,481	101,484
Interest expense, net	(32,846)	(5,419)	(65,935)	(11,019)
Other income (expense), net	12	(164)	(1,835)	(1,671)
Income before income taxes	33,203	52,768	48,711	88,794
Provision for income taxes	4,982	13,640	13,485	23,420
Net income	$ 28,221	$ 39,128	$ 35,226	$ 65,374
Basic earnings per share	$ 0.14	$ 0.23	$ 0.18	$ 0.39
Basic weighted average number of common shares outstanding	198,765	170,810	198,143	169,674
Diluted earnings per share	$ 0.14	$ 0.22	$ 0.17	$ 0.37
Diluted weighted average number of common and common equivalent shares outstanding	204,916	179,104	204,596	177,974
Net income	$ 28,221	$ 39,128	$ 35,226	$ 65,374
Other comprehensive (loss) income, net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Total comprehensive (loss) income, net of tax	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	$ 1,428	$ 61,936	$ 17,754	$ 51,963

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flow from operating activities:
Net income	$ 35,226	$ 65,374
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	113,440	52,103
Stock-based compensation expense	27,913	8,314
Income tax benefit related to exercise of stock options	(23,760)	(5,065)
Amortization and write-offs of loan origination costs	5,312	2,874
Loss on sale or disposition of property and equipment	150	209
Deferred income taxes	(24,056)	(7,395)
Provision for doubtful accounts	1,257	299
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	(13,458)	(1,804)
Prepaid expenses and other assets	(1,516)	2,488
Accounts payable	7,870	(2,405)
Accrued expenses	(25,851)	(20,186)
Income taxes prepaid and payable	23,757	11,064
Deferred revenue	13,052	(5,148)
Net cash provided by operating activities	139,336	100,722
Cash flow from investing activities:
Additions to property and equipment	(13,593)	(5,750)
Proceeds from sale of property and equipment	43
Cash paid for business acquisitions, net of cash acquired	(317,554)	(7,863)
Additions to capitalized software	(3,306)	(1,792)
Purchase of long-term investment	(1,000)
Net cash used in investing activities	(335,410)	(15,405)
Cash flow from financing activities:
Repayments of debt	(155,325)	(174,000)
Proceeds from exercise of stock options	19,212	8,735
Withholding taxes related to equity award net share settlement	(4,615)
Income tax benefit related to exercise of stock options	23,760	5,065
Proceeds from common stock issuance, net		717,866
Purchase of common stock for treasury	(11)
Payment of fees related to refinancing activities	(222)
Dividends paid on common stock	(24,790)	(21,101)
Net cash (used in) provided by financing activities	(141,991)	536,565
Effect of exchange rate changes on cash and cash equivalents	(872)	(1,651)
Net (decrease) increase in cash and cash equivalents	(338,937)	620,231
Cash and cash equivalents, beginning of period	434,159	109,577
Cash and cash equivalents, end of period	$ 95,222	$ 729,808

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Basis of Presentation

6 Months Ended

Jun. 30, 2016

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Basis of Presentation

Note 1—Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles were applied on a basis consistent with those of the audited consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2016 (the “2015 Form 10-K”). In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments, except as noted elsewhere in the notes to the condensed consolidated financial statements) necessary for a fair statement of its financial position as of June 30, 2016, the results of its operations for the three and six months ended June 30, 2016 and 2015 and its cash flows for the six months ended June 30, 2016 and 2015. These statements do not include all of the information and footnotes required by GAAP for annual financial statements. The financial statements contained herein should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year ended December 31, 2015, which were included in the 2015 Form 10-K. The December 31, 2015 consolidated balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP for annual financial statements. The results of operations for the three and six months ended June 30, 2016 are not necessarily indicative of the expected results for any subsequent quarters or the full year.

Reclassifications

In connection with the acquisition of Advent and the related increase in term license revenues, the Company condensed its presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income to illustrate its two types of revenue streams: recurring revenues and non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. Non-recurring revenues consist of professional services and perpetual licenses.

The Company’s prior presentation required that revenues from term license agreements be allocated between license revenue and maintenance revenue, with the license portion being reported together with revenue from perpetual license agreements as “Software licenses”, and the maintenance portion being reported together with maintenance revenue related to perpetual licenses as “Maintenance”. The Company reclassified $3.1 million and $7.4 million from “Software licenses” to “Maintenance and term licenses” for the three and six months ended June 30, 2015, respectively. In connection with the reclassification of revenues, the Company reclassified the related costs of revenues, which were immaterial. The revised presentation better illustrates the nature of the Company’s revenues and costs of revenues by indicating the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition.

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of this ASU are effective for years beginning after December 15, 2016. Early application is permitted. The Company is currently evaluating the impact of this ASU.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU would require lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date; (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged under the amendments of this ASU. The provisions of this ASU are effective for years beginning after December 15, 2018. The Company is currently evaluating the impact of this ASU.

In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on the Company’s financial position, results of operations or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. On August 12, 2015, the FASB issued ASU No. 2015-14, deferring the effective date by one year for ASU No. 2014-09. The provisions of ASU No. 2014-09 will be effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

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Debt

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Debt

Note 2—Debt

At June 30, 2016 and December 31, 2015, debt consisted of the following (in thousands):

	June 30, 2016			December 31, 2015
Senior secured credit facilities, weighted-average interest rate    of 3.91% and 3.94%, respectively	$	2,064,675		$	2,220,000
5.875% senior notes due 2023		600,000			600,000
Unamortized original issue discount and debt issuance costs		(63,826	)		(68,649	)
		2,600,849			2,751,351
Less current portion of long-term debt		30,878			32,281
Long-term debt	$	2,569,971		$	2,719,070

Fair value of debt. The carrying amounts and fair values of financial instruments are as follows (in thousands):

	June 30, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial liabilities:
Senior secured credit facilities	$	2,064,675	$	2,059,770	$	2,220,000	$	2,202,105
5.875% senior notes due 2023		600,000		613,500		600,000		616,500

The above fair values, which are Level 2 liabilities, were computed based on comparable quoted market prices. The fair values of cash, accounts receivable, net, short-term borrowings, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments.

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Goodwill

6 Months Ended

Jun. 30, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill

Note 3—Goodwill

The change in carrying value of goodwill as of and for the six months ended June 30, 2016 is as follows (in thousands):

Balance at December 31, 2015	$	3,549,212
2016 acquisitions		99,494
Adjustments to prior acquisitions		(398	)
Effect of foreign currency translation		(11,813	)
Balance at June 30, 2016	$	3,636,495

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Earnings per Share

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings per Share

Note 4—Earnings per Share

Earnings per share (“EPS”) is calculated in accordance with the relevant standards. Basic EPS includes no dilution and is computed by dividing net income available to the Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of stock options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) using the treasury stock method. Common equivalent shares are excluded from the computation of diluted earnings per share if the effect of including such common equivalent shares is anti-dilutive because their total assumed proceeds exceed the average fair value of common stock for the period. The Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of EPS as described above is identical to the calculation under the two-class method.

The following table sets forth the weighted average common shares used in the computation of basic and diluted EPS (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Weighted average common shares outstanding — used in    calculation of basic EPS		198,765		170,810		198,143		169,674
Weighted average common stock equivalents — options and    restricted shares		6,151		8,294		6,453		8,300
Weighted average common and common equivalent shares    outstanding — used in calculation of diluted EPS		204,916		179,104		204,596		177,974

Weighted average stock options, SARs, RSUs and RSAs representing 7,304,581 and 4,122,738 shares were outstanding for the three months ended June 30, 2016 and 2015, respectively, and weighted average stock options, SARs, RSUs and RSAs representing 7,075,350 and 4,119,018 for the six months ended June 30, 2016 and 2015, respectively, but were not included in the computation of diluted EPS because the effect of including them would be anti-dilutive.

Conversion of Class A Common Stock. On March 30, 2016, William C. Stone converted 2,703,846 shares of Class A non-voting stock into 2,703,846 shares of common stock. Each share of Class A non-voting common stock converted automatically into one share of the Company’s common stock upon the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Dividends. In 2016, the Company paid a quarterly cash dividend of $0.0625 per share of common stock on March 15, 2016 and June 15, 2016 to stockholders of record as of the close of business on March 7, 2016 and June 1, 2016, respectively, totaling $24.8 million.

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Equity and Stock-based Compensation

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Equity and Stock-based Compensation

Note 5—Equity and Stock-based Compensation

On May 25, 2016, the Company’s Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend.  The record date for the stock split was June 7, 2016 and the payment date was June 24, 2016. All share and per share amounts (other than for the Company’s Class A non-voting common stock) have been retroactively restated for all periods presented to reflect the stock split.  

At the Company’s annual meeting of shareholders held on May 25, 2016, the Company’s shareholders approved the Company’s Amended and Restated 2014 Stock Incentive Plan (the “Amended 2014 Plan”). The primary changes to the Amended 2014 Plan are to (i) increase the shares available for equity awards by 24 million shares and (ii) add flexibility to use this plan as the Company’s only equity plan by authorizing the issuance of full-value awards (that is, restricted stock and restricted stock units) and expanding the class of participants to include non-employee directors. Following the approval of the 2014 Amended Plan, the Company will no longer make grants under the Company’s 2008 Stock Incentive Plan or the Company’s 2006 Equity Incentive Plan.

Total stock options, SARs, RSUs and RSAs. The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands):

	Three Months Ended June 30,				For the Six Months Ended June 30,
Statement of Comprehensive Income Classification	2016		2015		2016		2015
Cost of software-enabled services	$	2,779	$	1,525	$	5,184	$	3,129
Cost of maintenance and term licenses		700		101		1,511		202
Cost of recurring revenues		3,479		1,626		6,695		3,331
Cost of professional services		599		159		1,243		325
Cost of non-recurring revenues		599		159		1,243		325
Total cost of revenues		4,078		1,785		7,938		3,656
Selling and marketing		2,860		745		6,445		1,488
Research and development		2,182		444		4,398		894
General and administrative		3,446		1,234		9,132		2,276
Total operating expenses		8,488		2,423		19,975		4,658
Total stock-based compensation expense	$	12,566	$	4,208	$	27,913	$	8,314

The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		30,278,364
Granted		1,440,300
Cancelled/forfeited		(912,816	)
Exercised		(3,171,668	)
Outstanding at June 30, 2016		27,634,180

The following table summarizes RSU activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		957,452
Granted		-
Cancelled/forfeited		(55,498	)
Vested		(419,702	)
Outstanding at June 30, 2016		482,252

The Company recorded $23.8 million and $5.1 million of income tax benefits related to the exercise of stock options during the six months ended June 30, 2016 and 2015, respectively. These amounts were recorded entirely to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets.

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Income Taxes

6 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Note 6—Income Taxes

The effective tax rate was 15% and 26% for the three months ended June 30, 2016 and 2015, respectively, and the effective tax rate was 28% and 26% for the six months ended June 30, 2016 and 2015, respectively.  The change in rate for the three months ended June 30, 2016 was primarily due to a decrease in pre-tax income from domestic operations taxed at a high statutory rate.  The change for the six months ended June 30, 2016 was primarily due to the unfavorable impact of a change in state apportionment on the Company’s domestic deferred tax liabilities as a result of the acquisition of Citigroup AIS during the first quarter, partially offset by the benefit received from a decrease in pre-tax income from domestic operations taxed at a high statutory rate.

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Acquisitions

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Acquisitions

Note 7—Acquisitions

Citigroup’s Alternative Investor Services

On March 11, 2016, the Company purchased the assets of Citigroup’s Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services (“Citigroup AIS”), for approximately $321.0 million, plus the costs of effecting the transaction and the assumption of certain liabilities. Citigroup AIS is a leading provider of hedge fund and private equity fund administration services.

The net assets and results of operations of Citigroup AIS have been included in the Company’s condensed consolidated financial statements from March 11, 2016. The fair value of the intangible assets, consisting of customer relationships and completed technology, was determined using the income approach. Specifically, the excess earnings method was utilized for the customer relationships, and the cost savings method was utilized for the completed technology. The customer relationships are amortized each year based on the ratio that the projected cash flows for the intangible assets bear to the total of current and expected future cash flows for the intangible assets. Completed technology is amortized based on a straight-line basis. The customer relationships are amortized over an estimated life of approximately thirteen years and completed technology is amortized over an estimated life of approximately four years, in each case the estimated lives of the assets. The remainder of the purchase price was allocated to goodwill and is tax deductible.

The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands):

	Citigroup AIS
Accounts receivable	$	57,789
Fixed assets		92
Other assets		1,856
Acquired client relationships and contracts		124,600
Completed technology		44,600
Goodwill		99,494
Deferred revenue		(3,910	)
Other liabilities assumed		(6,563	)
Consideration paid, net of cash acquired	$	317,958

The fair value of acquired accounts receivable balances for Citigroup AIS approximates the contractual amounts due from acquired customers, except for approximately $1.7 million of contractual amounts that are not expected to be collected as of the acquisition date and that were also reserved by Citigroup AIS.

The Company reported revenues totaling $65.1 million from Citigroup AIS from its acquisition date through June 30, 2016.

The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Revenues	$	381,246	$	392,392	$	764,155	$	777,016
Net income	$	34,756	$	3,942	$	53,995	$	854
Basic earnings per share	$	0.17	$	0.02	$	0.27	$	0.01
Basic weighted average number of common shares    outstanding		198,765		170,810		198,143		169,674
Diluted earnings per share	$	0.17	$	0.02	$	0.26	$	0.00
Diluted weighted average number of common and common    equivalent shares outstanding		204,916		179,104		204,596		177,974

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2016

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 8—Commitments and Contingencies

Several actions (the "Millennium Actions") were filed in various jurisdictions against the Company's subsidiaries, GlobeOp Financial Services Ltd and GlobeOp Financial Services LLC ("GlobeOp"), alleging claims and damages with respect to a valuation agent services agreement performed by GlobeOp for the Millennium Global Emerging Credit Fund, Ltd. and Millennium Global Emerging Credit Master Fund Ltd.  All claims related to the Millennium Actions have been settled or resolved in favor of GlobeOp and the litigation is concluded.

In addition to the foregoing legal proceedings, from time to time, the Company is subject to other legal proceedings and claims. In the opinion of the Company's management, the Company is not involved in any other such litigation or proceedings with third parties that management believes would have a material adverse effect on the Company or its business.

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Supplemental Guarantor Financial Statements

6 Months Ended

Jun. 30, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Supplemental Guarantor Financial Statements

Note 9—Supplemental Guarantor Financial Statements

On July 8, 2015, the Company issued $600.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (the “Senior Notes”). The Senior Notes are jointly and severally and fully and unconditionally guaranteed, in each case subject to certain customary release provisions, by substantially all wholly-owned domestic subsidiaries of the Company that guarantee the Company’s Senior Secured Credit Facilities (collectively “Guarantors”). All of the Guarantors are 100% owned by the Company. All other subsidiaries of the Company, either direct or indirect, do not guarantee the Senior Notes (“Non-Guarantors”). The Guarantors also unconditionally guarantee the Senior Secured Credit Facilities. There are no significant restrictions on the ability of the Company or any of the subsidiaries that are Guarantors to obtain funds from its subsidiaries by dividend or loan.

Condensed consolidating financial information as of June 30, 2016 and December 31, 2015 and for the three and six months ended June 30, 2016 and 2015 are presented.  The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands):

	June 30, 2016
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	24,753	$	70,469	$	—		$	95,222
Accounts receivable, net		—		176,884		62,544		—			239,428
Prepaid expenses and other current assets		—		21,254		11,344		—			32,598
Prepaid income taxes		—		41,256		—		(1,937	)		39,319
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		30,704		38,853		—			69,557
Investment in subsidiaries		2,798,897		764,004		—		(3,562,901	)		—
Intercompany receivables		—		136,630		47,768		(184,398	)		—
Deferred income taxes, long-term		—		—		2,018		—			2,018
Goodwill, intangible and other assets, net		—		3,966,829		1,241,050		—			5,207,879
Total assets	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839
Current portion of long-term debt		—		16,166		14,712		—			30,878
Accounts payable		—		13,028		7,005		—			20,033
Accrued expenses		16,157		71,968		36,061		—			124,186
Income taxes payable		—		—		1,937		(1,937	)		—
Deferred revenue		—		214,246		24,539		—			238,785
Long-term debt, net of current portion		600,000		1,535,644		434,327		—			2,569,971
Other long-term liabilities		—		40,020		21,895		—			61,915
Intercompany payables		18,310		47,769		118,319		(184,398	)		—
Deferred income taxes, long-term		—		427,066		51,575		—			478,641
Total liabilities		634,467		2,365,907		710,370		(186,335	)		3,524,409
Total stockholders’ equity		2,164,430		2,798,897		764,004		(3,562,901	)		2,164,430
Total liabilities and stockholders’ equity	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839

	December 31, 2015
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	360,583	$	73,576	$	—		$	434,159
Accounts receivable, net		—		127,446		42,505		—			169,951
Prepaid expenses and other current assets		—		15,920		11,591		—			27,511
Prepaid income taxes		—		38,155		2,472		—			40,627
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		31,940		35,203		—			67,143
Investment in subsidiaries		2,722,452		654,278		—		(3,376,730	)		—
Intercompany receivables		—		100,992		34,220		(135,212	)		—
Deferred income taxes, long-term		—		—		2,199		—			2,199
Goodwill, intangible and other assets, net		—		3,861,711		1,196,123		—			5,057,834
Total assets	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242
Current portion of long-term debt		—		17,243		15,038		—			32,281
Accounts payable		—		7,367		4,590		—			11,957
Accrued expenses		17,006		84,174		47,848		—			149,028
Income taxes payable		—		—		1,428		—			1,428
Deferred revenue		—		202,252		19,772		—			222,024
Long-term debt, net of current portion		600,000		1,646,396		472,674		—			2,719,070
Other long-term liabilities		—		31,748		19,686		—			51,434
Intercompany payables		—		34,220		100,992		(135,212	)		—
Deferred income taxes, long-term		—		447,663		61,911		—			509,574
Total liabilities		617,006		2,471,063		743,939		(135,212	)		3,696,796
Total stockholders’ equity		2,105,446		2,722,452		654,278		(3,376,730	)		2,105,446
Total liabilities and stockholders’ equity	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242

	For the Three Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	257,316		$	116,184		$	(423	)	$	373,077
Cost of revenues		—			138,262			72,640			(423	)		210,479
Gross profit		—			119,054			43,544			—			162,598
Operating expenses:
Selling and marketing		—			21,118			7,417			—			28,535
Research and development		—			28,853			11,974			—			40,827
General and administrative		—			18,602			8,597			—			27,199
Total operating expenses		—			68,573			27,988			—			96,561
Operating income		—			50,481			15,556			—			66,037
Interest expense, net		(8,813	)		(17,548	)		(6,485	)		—			(32,846	)
Other (expense) income, net		—			(17,617	)		17,629			—			12
Earnings from subsidiaries		37,034			23,523			—			(60,557	)		—
Income before income taxes		28,221			38,839			26,700			(60,557	)		33,203
Provision for income taxes		—			1,805			3,177			—			4,982
Net income	$	28,221		$	37,034		$	23,523		$	(60,557	)	$	28,221
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(26,793	)		(26,793	)		(27,221	)		54,014			(26,793	)
Comprehensive income (loss)	$	1,428		$	10,241		$	(3,698	)	$	(6,543	)	$	1,428

	For the Three Months Ended June 30, 2015
	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—	$	110,497		$	102,655		$	(384	)	$	212,768
Cost of revenues		—		51,035			58,852			(384	)		109,503
Gross profit		—		59,462			43,803			—			103,265
Operating expenses:
Selling and marketing		—		8,708			5,223			—			13,931
Research and development		—		9,433			8,087			—			17,520
General and administrative		—		8,904			4,559			—			13,463
Total operating expenses		—		27,045			17,869			—			44,914
Operating income		—		32,417			25,934			—			58,351
Interest expense, net		—		(2,570	)		(2,849	)		—			(5,419	)
Other income (expense), net		—		1,431			(1,595	)		—			(164	)
Earnings from subsidiaries		39,128		10,475			—			(49,603	)		—
Income before income taxes		39,128		41,753			21,490			(49,603	)		52,768
Provision for income taxes		—		2,625			11,015			—			13,640
Net income	$	39,128	$	39,128		$	10,475		$	(49,603	)	$	39,128
Other comprehensive income, net of tax:
Foreign currency exchange translation adjustment		22,808		22,808			21,614			(44,422	)		22,808
Comprehensive income	$	61,936	$	61,936		$	32,089		$	(94,025	)	$	61,936

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	476,305		$	221,768		$	(865	)	$	697,208
Cost of revenues		—			251,764			136,264			(865	)		387,163
Gross profit		—			224,541			85,504			—			310,045
Operating expenses:
Selling and marketing		—			43,865			14,531			—			58,396
Research and development		—			54,218			23,056			—			77,274
General and administrative		—			41,081			16,813			—			57,894
Total operating expenses		—			139,164			54,400			—			193,564
Operating income		—			85,377			31,104			—			116,481
Interest expense, net		(17,461	)		(35,466	)		(13,008	)		—			(65,935	)
Other (expense) income, net		—			(32,017	)		30,182			—			(1,835	)
Earnings from subsidiaries		52,687			41,360			—			(94,047	)		—
Income before income taxes		35,226			59,254			48,278			(94,047	)		48,711
Provision for income taxes		—			6,567			6,918			—			13,485
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(17,472	)		(17,472	)		(22,449	)		39,921			(17,472	)
Comprehensive income	$	17,754		$	35,215		$	18,911		$	(54,126	)	$	17,754

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	216,325		$	202,979		$	(801	)	$	418,503
Cost of revenues		—			101,075			121,536			(801	)		221,810
Gross profit		—			115,250			81,443			—			196,693
Operating expenses:
Selling and marketing		—			17,068			10,250			—			27,318
Research and development		—			18,730			18,398			—			37,128
General and administrative		—			20,412			10,351			—			30,763
Total operating expenses		—			56,210			38,999			—			95,209
Operating income		—			59,040			42,444			—			101,484
Interest expense, net		—			(5,323	)		(5,696	)		—			(11,019	)
Other income (expense), net		—			1,103			(2,774	)		—			(1,671	)
Earnings from subsidiaries		65,374			26,952			—			(92,326	)		—
Income before income taxes		65,374			81,772			33,974			(92,326	)		88,794
Provision for income taxes		—			16,398			7,022			—			23,420
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment		(13,411	)		(13,411	)		(7,601	)		21,012			(13,411	)
Comprehensive income	$	51,963		$	51,963		$	19,351		$	(71,314	)	$	51,963

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Non-cash adjustments		—			70,450			29,806			—			100,256
Intercompany transactions		18,310			(11,902	)		(6,408	)		—			—
Earnings from subsidiaries		(52,687	)		(41,360	)		—			94,047			—
Changes in operating assets and liabilities		(849	)		14,399			(9,696	)		—			3,854
Net cash provided by operating activities		—			84,274			55,062			—			139,336
Cash Flow from Investment Activities:
Additions to property and equipment		—			(5,080	)		(8,513	)		—			(13,593	)
Proceeds from sale of property and equipment		—			95			(52	)		—			43
Cash paid for business acquisitions, net of cash acquired		—			(219,276	)		(98,278	)		—			(317,554	)
Additions to capitalized software		—			(1,879	)		(1,427	)		—			(3,306	)
Purchase of long-term investment		—			(1,000	)		—			—			(1,000	)
Net cash used in investing activities		—			(227,140	)		(108,270	)		—			(335,410	)
Cash Flow from Financing Activities:
Repayments of debt		—			(115,500	)		(39,825	)		—			(155,325	)
Transactions involving Holding's common stock		—			13,556			—			—			13,556
Intercompany transactions		—			(90,798	)		90,798			—			—
Payment of fees related to refinancing activities		—			(222	)		—			—			(222	)
Net cash (used in) provided by financing activities		—			(192,964	)		50,973			—			(141,991	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(872	)		—			(872	)
Net decrease in cash and cash equivalents		—			(335,830	)		(3,107	)		—			(338,937	)
Cash and cash equivalents, beginning of period		—			360,583			73,576			—			434,159
Cash and cash equivalents, end of period	$	—		$	24,753		$	70,469		$	—		$	95,222

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Non-cash adjustments		—			17,672			33,667			—			51,339
Intercompany transactions		—			10,748			(10,748	)		—			—
Earnings from subsidiaries		(65,374	)		(26,952	)		—			92,326			—
Changes in operating assets and liabilities		—			(14,563	)		(1,428	)		—			(15,991	)
Net cash provided by operating activities		—			52,279			48,443			—			100,722
Cash Flow from Investment Activities:
Additions to property and equipment		—			(2,532	)		(3,218	)		—			(5,750	)
Cash paid for business acquisitions, net of cash acquired		—			—			(7,863	)		—			(7,863	)
Additions to capitalized software		—			(380	)		(1,412	)		—			(1,792	)
Net cash used in investing activities		—			(2,912	)		(12,493	)		—			(15,405	)
Cash Flow from Financing Activities:
Repayments of debt		—			(137,019	)		(36,981	)		—			(174,000	)
Transactions involving Holding's common stock		—			710,565			—			—			710,565
Net cash provided by (used in) financing activities		—			573,546			(36,981	)		—			536,565
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,651	)		—			(1,651	)
Net increase (decrease) in cash and cash equivalents		—			622,913			(2,682	)		—			620,231
Cash and cash equivalents, beginning of period		—			34,651			74,926			—			109,577
Cash and cash equivalents, end of period	$	—		$	657,564		$	72,244		$	—		$	729,808

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Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2016

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Reclassifications

Reclassifications

In connection with the acquisition of Advent and the related increase in term license revenues, the Company condensed its presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income to illustrate its two types of revenue streams: recurring revenues and non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. Non-recurring revenues consist of professional services and perpetual licenses.

The Company’s prior presentation required that revenues from term license agreements be allocated between license revenue and maintenance revenue, with the license portion being reported together with revenue from perpetual license agreements as “Software licenses”, and the maintenance portion being reported together with maintenance revenue related to perpetual licenses as “Maintenance”. The Company reclassified $3.1 million and $7.4 million from “Software licenses” to “Maintenance and term licenses” for the three and six months ended June 30, 2015, respectively. In connection with the reclassification of revenues, the Company reclassified the related costs of revenues, which were immaterial. The revised presentation better illustrates the nature of the Company’s revenues and costs of revenues by indicating the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This ASU is intended to simplify several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The provisions of this ASU are effective for years beginning after December 15, 2016. Early application is permitted. The Company is currently evaluating the impact of this ASU.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU would require lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date; (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Lessor accounting is largely unchanged under the amendments of this ASU. The provisions of this ASU are effective for years beginning after December 15, 2018. The Company is currently evaluating the impact of this ASU.

In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on the Company’s financial position, results of operations or cash flows.

In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. On August 12, 2015, the FASB issued ASU No. 2015-14, deferring the effective date by one year for ASU No. 2014-09. The provisions of ASU No. 2014-09 will be effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

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Debt (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Component of Debt

At June 30, 2016 and December 31, 2015, debt consisted of the following (in thousands):

	June 30, 2016			December 31, 2015
Senior secured credit facilities, weighted-average interest rate    of 3.91% and 3.94%, respectively	$	2,064,675		$	2,220,000
5.875% senior notes due 2023		600,000			600,000
Unamortized original issue discount and debt issuance costs		(63,826	)		(68,649	)
		2,600,849			2,751,351
Less current portion of long-term debt		30,878			32,281
Long-term debt	$	2,569,971		$	2,719,070

Schedule of Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of financial instruments are as follows (in thousands):

	June 30, 2016				December 31, 2015
	Carrying		Fair		Carrying		Fair
	Amount		Value		Amount		Value
Financial liabilities:
Senior secured credit facilities	$	2,064,675	$	2,059,770	$	2,220,000	$	2,202,105
5.875% senior notes due 2023		600,000		613,500		600,000		616,500

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Goodwill (Tables)

6 Months Ended

Jun. 30, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Change in Carrying Value of Goodwill

The change in carrying value of goodwill as of and for the six months ended June 30, 2016 is as follows (in thousands):

Balance at December 31, 2015	$	3,549,212
2016 acquisitions		99,494
Adjustments to prior acquisitions		(398	)
Effect of foreign currency translation		(11,813	)
Balance at June 30, 2016	$	3,636,495

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Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted EPS

The following table sets forth the weighted average common shares used in the computation of basic and diluted EPS (in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Weighted average common shares outstanding — used in    calculation of basic EPS		198,765		170,810		198,143		169,674
Weighted average common stock equivalents — options and    restricted shares		6,151		8,294		6,453		8,300
Weighted average common and common equivalent shares    outstanding — used in calculation of diluted EPS		204,916		179,104		204,596		177,974

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Equity and Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of Stock-Based Compensation Expense Recognized

Total stock options, SARs, RSUs and RSAs. The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands):

	Three Months Ended June 30,				For the Six Months Ended June 30,
Statement of Comprehensive Income Classification	2016		2015		2016		2015
Cost of software-enabled services	$	2,779	$	1,525	$	5,184	$	3,129
Cost of maintenance and term licenses		700		101		1,511		202
Cost of recurring revenues		3,479		1,626		6,695		3,331
Cost of professional services		599		159		1,243		325
Cost of non-recurring revenues		599		159		1,243		325
Total cost of revenues		4,078		1,785		7,938		3,656
Selling and marketing		2,860		745		6,445		1,488
Research and development		2,182		444		4,398		894
General and administrative		3,446		1,234		9,132		2,276
Total operating expenses		8,488		2,423		19,975		4,658
Total stock-based compensation expense	$	12,566	$	4,208	$	27,913	$	8,314

Summary of Stock Option Activity

The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		30,278,364
Granted		1,440,300
Cancelled/forfeited		(912,816	)
Exercised		(3,171,668	)
Outstanding at June 30, 2016		27,634,180

Summary of RSU Activity

The following table summarizes RSU activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		957,452
Granted		-
Cancelled/forfeited		(55,498	)
Vested		(419,702	)
Outstanding at June 30, 2016		482,252

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree

The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands):

	Citigroup AIS
Accounts receivable	$	57,789
Fixed assets		92
Other assets		1,856
Acquired client relationships and contracts		124,600
Completed technology		44,600
Goodwill		99,494
Deferred revenue		(3,910	)
Other liabilities assumed		(6,563	)
Consideration paid, net of cash acquired	$	317,958

Summary of Unaudited Pro Forma Information

The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on that date, nor of the results that may be obtained in the future.

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
Revenues	$	381,246	$	392,392	$	764,155	$	777,016
Net income	$	34,756	$	3,942	$	53,995	$	854
Basic earnings per share	$	0.17	$	0.02	$	0.27	$	0.01
Basic weighted average number of common shares    outstanding		198,765		170,810		198,143		169,674
Diluted earnings per share	$	0.17	$	0.02	$	0.26	$	0.00
Diluted weighted average number of common and common    equivalent shares outstanding		204,916		179,104		204,596		177,974

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Schedule Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2016

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule Of Condensed Consolidating Financial Information

The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands):

	June 30, 2016
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	24,753	$	70,469	$	—		$	95,222
Accounts receivable, net		—		176,884		62,544		—			239,428
Prepaid expenses and other current assets		—		21,254		11,344		—			32,598
Prepaid income taxes		—		41,256		—		(1,937	)		39,319
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		30,704		38,853		—			69,557
Investment in subsidiaries		2,798,897		764,004		—		(3,562,901	)		—
Intercompany receivables		—		136,630		47,768		(184,398	)		—
Deferred income taxes, long-term		—		—		2,018		—			2,018
Goodwill, intangible and other assets, net		—		3,966,829		1,241,050		—			5,207,879
Total assets	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839
Current portion of long-term debt		—		16,166		14,712		—			30,878
Accounts payable		—		13,028		7,005		—			20,033
Accrued expenses		16,157		71,968		36,061		—			124,186
Income taxes payable		—		—		1,937		(1,937	)		—
Deferred revenue		—		214,246		24,539		—			238,785
Long-term debt, net of current portion		600,000		1,535,644		434,327		—			2,569,971
Other long-term liabilities		—		40,020		21,895		—			61,915
Intercompany payables		18,310		47,769		118,319		(184,398	)		—
Deferred income taxes, long-term		—		427,066		51,575		—			478,641
Total liabilities		634,467		2,365,907		710,370		(186,335	)		3,524,409
Total stockholders’ equity		2,164,430		2,798,897		764,004		(3,562,901	)		2,164,430
Total liabilities and stockholders’ equity	$	2,798,897	$	5,164,804	$	1,474,374	$	(3,749,236	)	$	5,688,839

	December 31, 2015
	Parent		Guarantor Subsidiaries		Non-guarantor Subsidiaries		Consolidating and Eliminating Adjustments			Consolidated
Cash and cash equivalents	$	—	$	360,583	$	73,576	$	—		$	434,159
Accounts receivable, net		—		127,446		42,505		—			169,951
Prepaid expenses and other current assets		—		15,920		11,591		—			27,511
Prepaid income taxes		—		38,155		2,472		—			40,627
Restricted cash		—		2,490		328		—			2,818
Net property, plant and equipment		—		31,940		35,203		—			67,143
Investment in subsidiaries		2,722,452		654,278		—		(3,376,730	)		—
Intercompany receivables		—		100,992		34,220		(135,212	)		—
Deferred income taxes, long-term		—		—		2,199		—			2,199
Goodwill, intangible and other assets, net		—		3,861,711		1,196,123		—			5,057,834
Total assets	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242
Current portion of long-term debt		—		17,243		15,038		—			32,281
Accounts payable		—		7,367		4,590		—			11,957
Accrued expenses		17,006		84,174		47,848		—			149,028
Income taxes payable		—		—		1,428		—			1,428
Deferred revenue		—		202,252		19,772		—			222,024
Long-term debt, net of current portion		600,000		1,646,396		472,674		—			2,719,070
Other long-term liabilities		—		31,748		19,686		—			51,434
Intercompany payables		—		34,220		100,992		(135,212	)		—
Deferred income taxes, long-term		—		447,663		61,911		—			509,574
Total liabilities		617,006		2,471,063		743,939		(135,212	)		3,696,796
Total stockholders’ equity		2,105,446		2,722,452		654,278		(3,376,730	)		2,105,446
Total liabilities and stockholders’ equity	$	2,722,452	$	5,193,515	$	1,398,217	$	(3,511,942	)	$	5,802,242

	For the Three Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	257,316		$	116,184		$	(423	)	$	373,077
Cost of revenues		—			138,262			72,640			(423	)		210,479
Gross profit		—			119,054			43,544			—			162,598
Operating expenses:
Selling and marketing		—			21,118			7,417			—			28,535
Research and development		—			28,853			11,974			—			40,827
General and administrative		—			18,602			8,597			—			27,199
Total operating expenses		—			68,573			27,988			—			96,561
Operating income		—			50,481			15,556			—			66,037
Interest expense, net		(8,813	)		(17,548	)		(6,485	)		—			(32,846	)
Other (expense) income, net		—			(17,617	)		17,629			—			12
Earnings from subsidiaries		37,034			23,523			—			(60,557	)		—
Income before income taxes		28,221			38,839			26,700			(60,557	)		33,203
Provision for income taxes		—			1,805			3,177			—			4,982
Net income	$	28,221		$	37,034		$	23,523		$	(60,557	)	$	28,221
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(26,793	)		(26,793	)		(27,221	)		54,014			(26,793	)
Comprehensive income (loss)	$	1,428		$	10,241		$	(3,698	)	$	(6,543	)	$	1,428

	For the Three Months Ended June 30, 2015
	Parent		Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—	$	110,497		$	102,655		$	(384	)	$	212,768
Cost of revenues		—		51,035			58,852			(384	)		109,503
Gross profit		—		59,462			43,803			—			103,265
Operating expenses:
Selling and marketing		—		8,708			5,223			—			13,931
Research and development		—		9,433			8,087			—			17,520
General and administrative		—		8,904			4,559			—			13,463
Total operating expenses		—		27,045			17,869			—			44,914
Operating income		—		32,417			25,934			—			58,351
Interest expense, net		—		(2,570	)		(2,849	)		—			(5,419	)
Other income (expense), net		—		1,431			(1,595	)		—			(164	)
Earnings from subsidiaries		39,128		10,475			—			(49,603	)		—
Income before income taxes		39,128		41,753			21,490			(49,603	)		52,768
Provision for income taxes		—		2,625			11,015			—			13,640
Net income	$	39,128	$	39,128		$	10,475		$	(49,603	)	$	39,128
Other comprehensive income, net of tax:
Foreign currency exchange translation adjustment		22,808		22,808			21,614			(44,422	)		22,808
Comprehensive income	$	61,936	$	61,936		$	32,089		$	(94,025	)	$	61,936

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	476,305		$	221,768		$	(865	)	$	697,208
Cost of revenues		—			251,764			136,264			(865	)		387,163
Gross profit		—			224,541			85,504			—			310,045
Operating expenses:
Selling and marketing		—			43,865			14,531			—			58,396
Research and development		—			54,218			23,056			—			77,274
General and administrative		—			41,081			16,813			—			57,894
Total operating expenses		—			139,164			54,400			—			193,564
Operating income		—			85,377			31,104			—			116,481
Interest expense, net		(17,461	)		(35,466	)		(13,008	)		—			(65,935	)
Other (expense) income, net		—			(32,017	)		30,182			—			(1,835	)
Earnings from subsidiaries		52,687			41,360			—			(94,047	)		—
Income before income taxes		35,226			59,254			48,278			(94,047	)		48,711
Provision for income taxes		—			6,567			6,918			—			13,485
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment		(17,472	)		(17,472	)		(22,449	)		39,921			(17,472	)
Comprehensive income	$	17,754		$	35,215		$	18,911		$	(54,126	)	$	17,754

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues	$	—		$	216,325		$	202,979		$	(801	)	$	418,503
Cost of revenues		—			101,075			121,536			(801	)		221,810
Gross profit		—			115,250			81,443			—			196,693
Operating expenses:
Selling and marketing		—			17,068			10,250			—			27,318
Research and development		—			18,730			18,398			—			37,128
General and administrative		—			20,412			10,351			—			30,763
Total operating expenses		—			56,210			38,999			—			95,209
Operating income		—			59,040			42,444			—			101,484
Interest expense, net		—			(5,323	)		(5,696	)		—			(11,019	)
Other income (expense), net		—			1,103			(2,774	)		—			(1,671	)
Earnings from subsidiaries		65,374			26,952			—			(92,326	)		—
Income before income taxes		65,374			81,772			33,974			(92,326	)		88,794
Provision for income taxes		—			16,398			7,022			—			23,420
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment		(13,411	)		(13,411	)		(7,601	)		21,012			(13,411	)
Comprehensive income	$	51,963		$	51,963		$	19,351		$	(71,314	)	$	51,963

	For the Six Months Ended June 30, 2016
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	35,226		$	52,687		$	41,360		$	(94,047	)	$	35,226
Non-cash adjustments		—			70,450			29,806			—			100,256
Intercompany transactions		18,310			(11,902	)		(6,408	)		—			—
Earnings from subsidiaries		(52,687	)		(41,360	)		—			94,047			—
Changes in operating assets and liabilities		(849	)		14,399			(9,696	)		—			3,854
Net cash provided by operating activities		—			84,274			55,062			—			139,336
Cash Flow from Investment Activities:
Additions to property and equipment		—			(5,080	)		(8,513	)		—			(13,593	)
Proceeds from sale of property and equipment		—			95			(52	)		—			43
Cash paid for business acquisitions, net of cash acquired		—			(219,276	)		(98,278	)		—			(317,554	)
Additions to capitalized software		—			(1,879	)		(1,427	)		—			(3,306	)
Purchase of long-term investment		—			(1,000	)		—			—			(1,000	)
Net cash used in investing activities		—			(227,140	)		(108,270	)		—			(335,410	)
Cash Flow from Financing Activities:
Repayments of debt		—			(115,500	)		(39,825	)		—			(155,325	)
Transactions involving Holding's common stock		—			13,556			—			—			13,556
Intercompany transactions		—			(90,798	)		90,798			—			—
Payment of fees related to refinancing activities		—			(222	)		—			—			(222	)
Net cash (used in) provided by financing activities		—			(192,964	)		50,973			—			(141,991	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(872	)		—			(872	)
Net decrease in cash and cash equivalents		—			(335,830	)		(3,107	)		—			(338,937	)
Cash and cash equivalents, beginning of period		—			360,583			73,576			—			434,159
Cash and cash equivalents, end of period	$	—		$	24,753		$	70,469		$	—		$	95,222

	For the Six Months Ended June 30, 2015
	Parent			Guarantor Subsidiaries			Non-guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Cash Flow from Operating Activities:
Net income	$	65,374		$	65,374		$	26,952		$	(92,326	)	$	65,374
Non-cash adjustments		—			17,672			33,667			—			51,339
Intercompany transactions		—			10,748			(10,748	)		—			—
Earnings from subsidiaries		(65,374	)		(26,952	)		—			92,326			—
Changes in operating assets and liabilities		—			(14,563	)		(1,428	)		—			(15,991	)
Net cash provided by operating activities		—			52,279			48,443			—			100,722
Cash Flow from Investment Activities:
Additions to property and equipment		—			(2,532	)		(3,218	)		—			(5,750	)
Cash paid for business acquisitions, net of cash acquired		—			—			(7,863	)		—			(7,863	)
Additions to capitalized software		—			(380	)		(1,412	)		—			(1,792	)
Net cash used in investing activities		—			(2,912	)		(12,493	)		—			(15,405	)
Cash Flow from Financing Activities:
Repayments of debt		—			(137,019	)		(36,981	)		—			(174,000	)
Transactions involving Holding's common stock		—			710,565			—			—			710,565
Net cash provided by (used in) financing activities		—			573,546			(36,981	)		—			536,565
Effect of exchange rate changes on cash and cash equivalents		—			—			(1,651	)		—			(1,651	)
Net increase (decrease) in cash and cash equivalents		—			622,913			(2,682	)		—			620,231
Cash and cash equivalents, beginning of period		—			34,651			74,926			—			109,577
Cash and cash equivalents, end of period	$	—		$	657,564		$	72,244		$	—		$	729,808

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Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Accounting Policies [Abstract]
Reclassification of software licenses to maintenance and term licenses	$ 3.1	$ 7.4

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Debt - Component of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Unamortized original issue discount and debt issuance costs	$ (63,826)	$ (68,649)
Debt	2,600,849	2,751,351
Less current portion of long-term debt	30,878	32,281
Long-term debt	2,569,971	2,719,070
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Long-term debt gross	2,064,675	2,220,000
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Long-term debt gross	$ 600,000	$ 600,000

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Debt - Component of Debt (Parenthetical) (Detail)		6 Months Ended	12 Months Ended
	Jul. 08, 2015	Jun. 30, 2016	Dec. 31, 2015
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt, weighted-average interest rate of credit facility		3.91%	3.94%
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt, interest rate	5.875%	5.875%	5.875%
Debt, due date	2023	2023	2023

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Debt - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Carrying Amount [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	$ 2,064,675	$ 2,220,000
Carrying Amount [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Senior notes	600,000	600,000
Fair Value [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	2,059,770	2,202,105
Fair Value [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Senior notes	$ 613,500	$ 616,500

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Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 3,549,212
2016 acquisitions	99,494
Adjustments to prior acquisitions	(398)
Effect of foreign currency translation	(11,813)
Ending balance	$ 3,636,495

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Earnings per Share - Computation of Basic and Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Weighted Average Number Of Shares Outstanding Diluted Disclosure Items [Abstract]
Weighted average common shares outstanding — used in calculation of basic EPS	198,765	170,810	198,143	169,674
Weighted average common stock equivalents — options and restricted shares	6,151	8,294	6,453	8,300
Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS	204,916	179,104	204,596	177,974

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Earnings per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Mar. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Line Items]
Dividends paid on common stock				$ 24,790	$ 21,101
First Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625
Dividend record date				Mar. 07, 2016
Dividend paid date				Mar. 15, 2016
Second Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625
Dividend record date				Jun. 01, 2016
Dividend paid date				Jun. 15, 2016
Class A Non-Voting Common Stock [Member]
Earnings Per Share [Line Items]
Conversion of common stock number of shares converted	2,703,846
Conversion of common stock number of shares issued	2,703,846
Common stock convertible conversion ratio				100.00%
Stock Options [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding		7,304,581	4,122,738	7,075,350	4,119,018

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Equity and Stock-based Compensation - Additional Information (Detail) $ in Millions		6 Months Ended
	May 25, 2016 shares	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock split, description		Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend.
Stock split, conversion ratio	2
Income tax benefits related to the exercise of stock options | $		$ 23.8	$ 5.1
Amended 2014 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Increase in shares available for equity awards | shares	24,000,000

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Equity and Stock-based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 12,566	$ 4,208	$ 27,913	$ 8,314
Cost of Software-Enabled Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,779	1,525	5,184	3,129
Cost of Maintenance and Term Licenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	700	101	1,511	202
Cost of Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,479	1,626	6,695	3,331
Cost of Professional Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	599	159	1,243	325
Cost of Non Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	599	159	1,243	325
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,078	1,785	7,938	3,656
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,860	745	6,445	1,488
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,182	444	4,398	894
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,446	1,234	9,132	2,276
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 8,488	$ 2,423	$ 19,975	$ 4,658

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Equity and Stock-based Compensation - Summary of Stock Option Activity (Detail)	6 Months Ended
	Jun. 30, 2016 shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Outstanding Opening	30,278,364
Granted	1,440,300
Cancelled/forfeited	(912,816)
Exercised	(3,171,668)
Number of Shares, Outstanding Closing	27,634,180

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Equity and Stock-based Compensation - Summary of RSU Activity (Detail)	6 Months Ended
	Jun. 30, 2016 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Outstanding Opening	24,876
Number of Shares, Outstanding Closing	17,876
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Outstanding Opening	957,452
Cancelled/forfeited	(55,498)
Vested	(419,702)
Number of Shares, Outstanding Closing	482,252

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Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	15.00%	26.00%	28.00%	26.00%

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Acquisitions - Additional Information (Detail) - Citigroup's Alternative Investor Services [Member] - USD ($) $ in Millions		4 Months Ended	6 Months Ended
	Mar. 11, 2016	Jun. 30, 2016	Jun. 30, 2016
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction	$ 321.0
Business acquisition, effective date of acquisition	Mar. 11, 2016
Fair value of acquired accounts receivable	$ 1.7
Reported revenues from acquisition		$ 65.1
Completed Technology [Member]
Business Acquisition [Line Items]
Amortized period			4 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Amortized period			13 years

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Acquisitions - Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 11, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 3,636,495		$ 3,549,212
Citigroup's Alternative Investor Services [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 57,789
Fixed assets		92
Other assets		1,856
Goodwill		99,494
Deferred revenue		(3,910)
Other liabilities assumed		(6,563)
Consideration paid, net of cash acquired		317,958
Citigroup's Alternative Investor Services [Member] | Acquired Client Relationships and Contracts [Member]
Business Acquisition [Line Items]
Acquired client relationships and contracts		124,600
Citigroup's Alternative Investor Services [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Acquired client relationships and contracts		$ 44,600

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Acquisitions - Summary of Unaudited Pro Forma Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Combinations [Abstract]
Revenues	$ 381,246	$ 392,392	$ 764,155	$ 777,016
Net income	$ 34,756	$ 3,942	$ 53,995	$ 854
Basic earnings per share	$ 0.17	$ 0.02	$ 0.27	$ 0.01
Basic weighted average number of common shares outstanding	198,765	170,810	198,143	169,674
Diluted earnings per share	$ 0.17	$ 0.02	$ 0.26	$ 0.00
Diluted weighted average number of common and common equivalent shares outstanding	204,916	179,104	204,596	177,974

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Supplemental Guarantor Financial Statements - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended	12 Months Ended
	Jul. 08, 2015	Jun. 30, 2016	Dec. 31, 2015
SS&C Technologies Holdings, Inc [Member]
Supplemental Guarantor Financial Statements [Line Items]
Ownership in subsidiary percentage	100.00%
5.875% Senior Notes due 2023 [Member] | Senior Notes [Member]
Supplemental Guarantor Financial Statements [Line Items]
Debt principal amount	$ 600.0
Debt, interest rate	5.875%	5.875%	5.875%
Debt, due date	2023	2023	2023

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Supplemental Guarantor Financial Statements - Condensed Consolidating Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	$ 95,222	$ 729,808	$ 95,222	$ 109,577	$ 95,222	$ 434,159
Accounts receivable, net					239,428	169,951
Prepaid expenses and other current assets					32,598	27,511
Prepaid income taxes					39,319	40,627
Restricted cash					2,818	2,818
Net property, plant and equipment					69,557	67,143
Deferred income taxes, long-term					2,018	2,199
Goodwill, intangible and other assets, net					5,207,879	5,057,834
Total assets					5,688,839	5,802,242
Less current portion of long-term debt					30,878	32,281
Accounts payable					20,033	11,957
Accrued expenses					124,186	149,028
Income taxes payable						1,428
Deferred revenue					238,785	222,024
Long-term debt, net of current portion (Note 2)					2,569,971	2,719,070
Other long-term liabilities					61,915	51,434
Deferred income taxes, long-term					478,641	509,574
Total liabilities					3,524,409	3,696,796
Total stockholders’ equity					2,164,430	2,105,446
Total liabilities and stockholders’ equity					5,688,839	5,802,242
Revenues	373,077	212,768	697,208	418,503
Cost of revenues	210,479	109,503	387,163	221,810
Gross profit	162,598	103,265	310,045	196,693
Operating expenses:
Selling and marketing	28,535	13,931	58,396	27,318
Research and development	40,827	17,520	77,274	37,128
General and administrative	27,199	13,463	57,894	30,763
Total operating expenses	96,561	44,914	193,564	95,209
Operating income	66,037	58,351	116,481	101,484
Interest expense, net	(32,846)	(5,419)	(65,935)	(11,019)
Other (expense) income, net	12	(164)	(1,835)	(1,671)
Income before income taxes	33,203	52,768	48,711	88,794
Provision for income taxes	4,982	13,640	13,485	23,420
Net income	28,221	39,128	35,226	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	1,428	61,936	17,754	51,963
Cash Flow from Operating Activities:
Net income	28,221	39,128	35,226	65,374
Non-cash adjustments			100,256	51,339
Changes in operating assets and liabilities			3,854	(15,991)
Net cash provided by operating activities			139,336	100,722
Cash Flow from Investment Activities:
Additions to property and equipment			(13,593)	(5,750)
Proceeds from sale of property and equipment			43
Cash paid for business acquisitions, net of cash acquired			(317,554)	(7,863)
Additions to capitalized software			(3,306)	(1,792)
Purchase of long-term investment			(1,000)
Net cash used in investing activities			(335,410)	(15,405)
Cash Flow from Financing Activities:
Repayments of debt			(155,325)	(174,000)
Transactions involving Holding's common stock			13,556	710,565
Payment of fees related to refinancing activities			(222)
Net cash (used in) provided by financing activities			(141,991)	536,565
Effect of exchange rate changes on cash and cash equivalents			(872)	(1,651)
Net (decrease) increase in cash and cash equivalents			(338,937)	620,231
Cash and cash equivalents, beginning of period	95,222		434,159	109,577
Cash and cash equivalents, end of period	95,222	729,808	95,222	729,808
Parent Company [Member]
Supplemental Guarantor Financial Statements [Line Items]
Investment in subsidiaries					2,798,897	2,722,452
Total assets					2,798,897	2,722,452
Accrued expenses					16,157	17,006
Long-term debt, net of current portion (Note 2)					600,000	600,000
Intercompany payables					18,310
Total liabilities					634,467	617,006
Total stockholders’ equity					2,164,430	2,105,446
Total liabilities and stockholders’ equity					2,798,897	2,722,452
Operating expenses:
Interest expense, net	(8,813)		(17,461)
Earnings from subsidiaries	37,034	39,128	52,687	65,374
Income before income taxes	28,221	39,128	35,226	65,374
Net income	28,221	39,128	35,226	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	1,428	61,936	17,754	51,963
Cash Flow from Operating Activities:
Net income	28,221	39,128	35,226	65,374
Intercompany transactions			18,310
Earnings from subsidiaries	(37,034)	(39,128)	(52,687)	(65,374)
Changes in operating assets and liabilities			(849)
Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	24,753	657,564	24,753	34,651	24,753	360,583
Accounts receivable, net					176,884	127,446
Prepaid expenses and other current assets					21,254	15,920
Prepaid income taxes					41,256	38,155
Restricted cash					2,490	2,490
Net property, plant and equipment					30,704	31,940
Investment in subsidiaries					764,004	654,278
Intercompany receivables					136,630	100,992
Goodwill, intangible and other assets, net					3,966,829	3,861,711
Total assets					5,164,804	5,193,515
Less current portion of long-term debt					16,166	17,243
Accounts payable					13,028	7,367
Accrued expenses					71,968	84,174
Deferred revenue					214,246	202,252
Long-term debt, net of current portion (Note 2)					1,535,644	1,646,396
Other long-term liabilities					40,020	31,748
Intercompany payables					47,769	34,220
Deferred income taxes, long-term					427,066	447,663
Total liabilities					2,365,907	2,471,063
Total stockholders’ equity					2,798,897	2,722,452
Total liabilities and stockholders’ equity					5,164,804	5,193,515
Revenues	257,316	110,497	476,305	216,325
Cost of revenues	138,262	51,035	251,764	101,075
Gross profit	119,054	59,462	224,541	115,250
Operating expenses:
Selling and marketing	21,118	8,708	43,865	17,068
Research and development	28,853	9,433	54,218	18,730
General and administrative	18,602	8,904	41,081	20,412
Total operating expenses	68,573	27,045	139,164	56,210
Operating income	50,481	32,417	85,377	59,040
Interest expense, net	(17,548)	(2,570)	(35,466)	(5,323)
Other (expense) income, net	(17,617)	1,431	(32,017)	1,103
Earnings from subsidiaries	23,523	10,475	41,360	26,952
Income before income taxes	38,839	41,753	59,254	81,772
Provision for income taxes	1,805	2,625	6,567	16,398
Net income	37,034	39,128	52,687	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	10,241	61,936	35,215	51,963
Cash Flow from Operating Activities:
Net income	37,034	39,128	52,687	65,374
Non-cash adjustments			70,450	17,672
Intercompany transactions			(11,902)	10,748
Earnings from subsidiaries	(23,523)	(10,475)	(41,360)	(26,952)
Changes in operating assets and liabilities			14,399	(14,563)
Net cash provided by operating activities			84,274	52,279
Cash Flow from Investment Activities:
Additions to property and equipment			(5,080)	(2,532)
Proceeds from sale of property and equipment			95
Cash paid for business acquisitions, net of cash acquired			(219,276)
Additions to capitalized software			(1,879)	(380)
Purchase of long-term investment			(1,000)
Net cash used in investing activities			(227,140)	(2,912)
Cash Flow from Financing Activities:
Repayments of debt			(115,500)	(137,019)
Transactions involving Holding's common stock			13,556	710,565
Intercompany transactions			(90,798)
Payment of fees related to refinancing activities			(222)
Net cash (used in) provided by financing activities			(192,964)	573,546
Net (decrease) increase in cash and cash equivalents			(335,830)	622,913
Cash and cash equivalents, beginning of period			360,583	34,651
Cash and cash equivalents, end of period	24,753	657,564	24,753	657,564
Non-guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	70,469	72,244	70,469	74,926	70,469	73,576
Accounts receivable, net					62,544	42,505
Prepaid expenses and other current assets					11,344	11,591
Prepaid income taxes						2,472
Restricted cash					328	328
Net property, plant and equipment					38,853	35,203
Intercompany receivables					47,768	34,220
Deferred income taxes, long-term					2,018	2,199
Goodwill, intangible and other assets, net					1,241,050	1,196,123
Total assets					1,474,374	1,398,217
Less current portion of long-term debt					14,712	15,038
Accounts payable					7,005	4,590
Accrued expenses					36,061	47,848
Income taxes payable					1,937	1,428
Deferred revenue					24,539	19,772
Long-term debt, net of current portion (Note 2)					434,327	472,674
Other long-term liabilities					21,895	19,686
Intercompany payables					118,319	100,992
Deferred income taxes, long-term					51,575	61,911
Total liabilities					710,370	743,939
Total stockholders’ equity					764,004	654,278
Total liabilities and stockholders’ equity					1,474,374	1,398,217
Revenues	116,184	102,655	221,768	202,979
Cost of revenues	72,640	58,852	136,264	121,536
Gross profit	43,544	43,803	85,504	81,443
Operating expenses:
Selling and marketing	7,417	5,223	14,531	10,250
Research and development	11,974	8,087	23,056	18,398
General and administrative	8,597	4,559	16,813	10,351
Total operating expenses	27,988	17,869	54,400	38,999
Operating income	15,556	25,934	31,104	42,444
Interest expense, net	(6,485)	(2,849)	(13,008)	(5,696)
Other (expense) income, net	17,629	(1,595)	30,182	(2,774)
Income before income taxes	26,700	21,490	48,278	33,974
Provision for income taxes	3,177	11,015	6,918	7,022
Net income	23,523	10,475	41,360	26,952
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(27,221)	21,614	(22,449)	(7,601)
Comprehensive income	(3,698)	32,089	18,911	19,351
Cash Flow from Operating Activities:
Net income	23,523	10,475	41,360	26,952
Non-cash adjustments			29,806	33,667
Intercompany transactions			(6,408)	(10,748)
Changes in operating assets and liabilities			(9,696)	(1,428)
Net cash provided by operating activities			55,062	48,443
Cash Flow from Investment Activities:
Additions to property and equipment			(8,513)	(3,218)
Proceeds from sale of property and equipment			(52)
Cash paid for business acquisitions, net of cash acquired			(98,278)	(7,863)
Additions to capitalized software			(1,427)	(1,412)
Net cash used in investing activities			(108,270)	(12,493)
Cash Flow from Financing Activities:
Repayments of debt			(39,825)	(36,981)
Intercompany transactions			90,798
Net cash (used in) provided by financing activities			50,973	(36,981)
Effect of exchange rate changes on cash and cash equivalents			(872)	(1,651)
Net (decrease) increase in cash and cash equivalents			(3,107)	(2,682)
Cash and cash equivalents, beginning of period			73,576	74,926
Cash and cash equivalents, end of period	70,469	72,244	70,469	72,244
Consolidation, Eliminations [Member]
Supplemental Guarantor Financial Statements [Line Items]
Prepaid income taxes					(1,937)
Investment in subsidiaries					(3,562,901)	(3,376,730)
Intercompany receivables					(184,398)	(135,212)
Total assets					(3,749,236)	(3,511,942)
Income taxes payable					(1,937)
Intercompany payables					(184,398)	(135,212)
Total liabilities					(186,335)	(135,212)
Total stockholders’ equity					(3,562,901)	(3,376,730)
Total liabilities and stockholders’ equity					$ (3,749,236)	$ (3,511,942)
Revenues	(423)	(384)	(865)	(801)
Cost of revenues	(423)	(384)	(865)	(801)
Operating expenses:
Earnings from subsidiaries	(60,557)	(49,603)	(94,047)	(92,326)
Income before income taxes	(60,557)	(49,603)	(94,047)	(92,326)
Net income	(60,557)	(49,603)	(94,047)	(92,326)
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	54,014	(44,422)	39,921	21,012
Comprehensive income	(6,543)	(94,025)	(54,126)	(71,314)
Cash Flow from Operating Activities:
Net income	(60,557)	(49,603)	(94,047)	(92,326)
Earnings from subsidiaries	$ 60,557	$ 49,603	$ 94,047	$ 92,326