oh Bill, buddy you paid 1.5B for a company that did $100M/year - and did the value of SS&C change at all? Probably went down. I wonder if someone is thinking - wtf did we do taking on that much debt with nada to really show for it. I'm sure customers will start their departure path to the door soon.
As soon as someone gets in front of them and starts talking bout AWD and the miracles of BPM from the 80's.
Is it layoff time yet?
Continual retrenchment strategy is not a winning solution to profitability. I am so gald I sold all of my stock!
Hubwise is falling apart two senior people have left in the past few weeks, one of the founders (Angus Macdonald) and ex-MD, SS&C response to have lumped in-place of these two guys an average Jo instead - watch that business fall apart in front our very eyes guys!
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
SS&C Technologies Holdings has a Z-score of 1.68, indicating it is in Distress Zones. This implies bankruptcy possibility in the next two years.
Laying off knowledgeable workers seems to be the name of the game. So much talent has been let go just to try to squeeze out a bit of a profit. With rumors of more layoffs coming this month, you can rest assured that they’ll once again layoff the wrong people which I think will directly contribute to the 1/1 Domani failure. The company is so far gone that I don’t think that there’s any way back.
Training Indians who know nothing. Is this how Bill saves money. Cuts out his dedicated and knowledgeable staff??
@1ipi+1oVa9brq
Details, or a wild guess?
SSNC is less than two years away from bankruptcy.