Home Financial Services, Inc. Goes Live on Lightning(TM)
Home Federal Bank Investment Services Group Extends Relationship With SS&C
WINDSOR, Conn., Jan. 16, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings,
Inc. (Nasdaq:SSNC), a global provider of financial services software and
software-enabled services, today announced Home Financial Services, Inc., the
investment services wholly-owned subsidiary of Home Federal Bank, went live on
Lightning™, SS&C's full service software-as-a-service (SaaS) platform.
Tennessee-based Home Financial Services implemented Lightning to achieve an
integrated, straight-through-processing environment to support its growing
investments and safekeeping business and provide enhanced services to its
clients. Led by SS&C's positive existing relationship with Home Federal Bank
(Home Federal Bank uses SS&C's PortPro as its bond accounting platform) and
its previous provider sun setting its software, Home Financial Services
recognized Lightning was the preferred choice in meeting their technology
needs now and into the future.
"As a progressive provider of fixed income investment services, we need to use
the most innovative technologies to attract and retain a wider range of
clients," said Mitchell Kincer, Vice President, Home Financial Services, Inc.
"Lightning has facilitated a more efficient workflow and eliminates potential
safekeeping errors. The contemporary SaaS solution was also a key strategic
factor as it allows us to scale and grow while avoiding inflated operational
"Home Financial Services recognizes the importance of integrated, flexible and
scalable technology like Lightning as a catalyst for efficiency as they grow,"
said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.
"Organizations like Home Financial Services place a great deal of emphasis on
expertise and knowledge and innovative technology infrastructures and we are
pleased to be fundamental to their success."
About Home Financial Services, Inc.
In August, 1984, Home Financial Services, Inc. was started as a wholly-owned
subsidiary of Home Federal Bank for the purpose of offering to customers a
service of purchasing and selling fixed income securities.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled
services and software focused exclusively on the global financial services
industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut
and offices around the world. Some 5,500 financial services organizations,
from the world's largest institutions to local firms, manage and account for
their investments using SS&C's products and services. These clients in the
aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available
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The SS&C Technologies logo is available at
CONTACT: Patrick Pedonti
Chief Financial Officer
Tel: +44 (0)20 3100 3508
Tel: +1 732 598 4270
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