SS&C Technologies (SSNC) 10-Q 9 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 05, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	SSNC
Entity Registrant Name	SS&C Technologies Holdings Inc
Entity Central Index Key	1,402,436
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		97,250,254

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 503,810	$ 109,577
Accounts receivable, net of allowance for doubtful accounts of $2,546 and $2,241, respectively	154,980	94,359
Prepaid expenses and other current assets	25,094	14,927
Prepaid income taxes	27,981	11,857
Deferred income taxes	8,898	2,975
Restricted cash	3,208	1,477
Total current assets	723,971	235,172
Property, plant and equipment:
Land	2,655	2,655
Building and improvements	36,761	28,521
Equipment, furniture, and fixtures	98,052	79,564
Total property and equipment	137,468	110,740
Less: accumulated depreciation	(65,442)	(56,463)
Net property, plant and equipment	72,026	54,277
Deferred income taxes	950	1,135
Goodwill (Note 4)	3,501,892	1,573,227
Intangible and other assets, net of accumulated amortization of $496,322 and $416,708, respectively	1,478,384	402,344
Total assets	5,777,223	2,266,155
Current liabilities:
Current portion of long-term debt (Note 3)	33,000	20,470
Accounts payable	15,392	12,004
Income taxes payable		1,116
Accrued employee compensation and benefits	58,713	53,975
Deferred taxes		110
Interest payable	8,193
Other accrued expenses	38,892	30,666
Deferred revenue	183,693	73,254
Total current liabilities	337,883	191,595
Long-term debt, net of current portion (Note 3)	2,795,942	599,268
Other long-term liabilities	58,431	26,446
Deferred income taxes	509,720	102,176
Total liabilities	$ 3,701,976	$ 919,485
Commitments and contingencies (Note 10)
Common stock:
Common stock	$ 952	$ 822
Additional paid-in capital	1,747,160	964,845
Accumulated other comprehensive loss	(66,537)	(15,121)
Retained earnings	411,630	414,082
Stockholders' equity before treasury stock	2,093,232	1,364,655
Less: cost of common stock in treasury, 786 shares	(17,985)	(17,985)
Total stockholders' equity	2,075,247	1,346,670
Total liabilities and stockholders' equity	5,777,223	2,266,155
Class A Non-Voting Common Stock [Member]
Common stock:
Common stock	$ 27	$ 27

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Allowance for doubtful accounts receivable	$ 2,546	$ 2,241
Accumulated amortization of finite-lived intangible assets	$ 496,322	$ 416,708
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	100,000,000
Common stock, shares issued	95,215,000	82,268,000
Common stock, shares outstanding	94,429,000	81,482,000
Common stock, shares unvested	14,000	17,000
Treasury stock, shares	786,000	786,000
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	2,704,000	2,704,000
Common stock, shares outstanding	2,704,000	2,704,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Recurring	$ 260,841	$ 177,035	$ 643,483	$ 524,107
Non-recurring	20,053	15,563	55,914	43,023
Total revenues	280,894	192,598	699,397	567,130
Cost of revenues:
Recurring	139,542	94,991	343,197	286,775
Non-recurring	12,322	6,392	30,477	18,340
Total cost of revenues	151,864	101,383	373,674	305,115
Gross profit	129,030	91,215	325,723	262,015
Operating expenses:
Selling and marketing	37,082	11,581	64,400	35,682
Research and development	37,389	13,935	74,517	41,461
General and administrative	39,607	11,336	70,370	38,095
Total operating expenses	114,078	36,852	209,287	115,238
Operating income	14,952	54,363	116,436	146,777
Interest expense, net	(32,645)	(6,071)	(43,664)	(19,738)
Other income, net	6,953	1,532	5,282	787
Loss on extinguishment of debt	(30,417)		(30,417)
(Loss) income before income taxes	(41,157)	49,824	47,637	127,826
(Benefit) provision for income taxes	(6,547)	8,997	16,873	33,306
Net (loss) income	$ (34,610)	$ 40,827	$ 30,764	$ 94,520
Basic (loss) earnings per share	$ (0.36)	$ 0.49	$ 0.35	$ 1.14
Basic weighted average number of common shares outstanding	96,853	83,532	88,886	83,127
Diluted (loss) earnings per share	$ (0.36)	$ 0.47	$ 0.33	$ 1.08
Diluted weighted average number of common and common equivalent shares outstanding	96,853	87,392	93,235	87,125
Net (loss) income	$ (34,610)	$ 40,827	$ 30,764	$ 94,520
Other comprehensive loss:
Foreign currency exchange translation adjustment	(38,005)	(31,850)	(51,416)	(22,234)
Total comprehensive loss	(38,005)	(31,850)	(51,416)	(22,234)
Comprehensive (loss) income	$ (72,615)	$ 8,977	$ (20,652)	$ 72,286

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flow from operating activities:
Net income	$ 30,764	$ 94,520
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	100,840	74,493
Amortization of loan origination costs and original issue discount	5,473	4,397
Loss on extinguishment of debt	3,954
Income tax benefit related to exercise of stock options	(11,141)	(10,735)
Deferred income taxes	(27,030)	(11,661)
Stock-based compensation expense	31,435	8,554
Provision for doubtful accounts	601	672
Loss on sale or disposition of property and equipment	339	672
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	(5,234)	(395)
Prepaid expenses and other assets	(5,109)	(5,302)
Income taxes prepaid and payable	(1,125)	13,715
Accounts payable	(1,755)	636
Accrued expenses	(28,437)	(637)
Deferred revenue	26,992	(4,664)
Net cash provided by operating activities	120,567	164,265
Cash flow from investing activities:
Additions to property and equipment	(9,462)	(11,879)
Proceeds from sale of property and equipment	56	27
Cash paid for business acquisitions, net of cash acquired	(2,614,785)
Additions to capitalized software	(3,370)	(2,688)
Net changes in restricted cash		983
Net cash used in investing activities	(2,627,561)	(13,557)
Cash flow from financing activities:
Cash received from debt borrowings, net of original issue discount	3,068,075
Repayments of debt	(823,448)	(174,000)
Income tax benefit related to exercise of stock options	11,141	10,735
Proceeds from exercise of stock options	10,618	16,070
Proceeds from common stock issuance, net	717,802
Dividends paid on common stock	(33,216)
Purchase of common stock for treasury		(11,223)
Payment of fees related to refinancing activities	(45,781)	(512)
Net cash provided by (used in) financing activities	2,905,191	(158,930)
Effect of exchange rate changes on cash	(3,964)	(1,168)
Net increase (decrease) in cash	394,233	(9,390)
Cash, beginning of period	109,577	84,470
Cash, end of period	$ 503,810	$ 75,080

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
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, 2014, filed with the Securities and Exchange Commission (the “SEC”) on February 26, 2015 (the “2014 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 September 30, 2015, the results of its operations for the three and nine months ended September 30, 2015 and 2014 and its cash flows for the nine months ended September 30, 2015 and 2014. 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, 2014, which were included in the 2014 Form 10-K. The December 31, 2014 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 nine months ended September 30, 2015 are not necessarily indicative of the expected results for any subsequent quarters or the full year. 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. Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-16 (ASU 2015-16), Simplifying the Accounting for Measurement-Period Adjustments. The amendments in this Update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This ASU more closely aligns the treatment of debt issuance costs with debt discounts and premiums and requires debt issuance costs be presented as a direct deduction from the carrying amount of the related debt. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years, and retrospective application is required once adopted. As early adoption is permitted, the Company adopted this standard in the third quarter of 2015, which resulted in a reclassification of $19.2 million of deferred financing fees from intangible and other assets to a reduction in long-term debt, net of current portion in the Company’s Condensed Consolidated Balance Sheet as of December 31, 2014. As of September 30, 2015, deferred financing fees of $55.8 million were recorded as a reduction in long-term debt, net of current portion, in the Company’s Condensed Consolidated Balance Sheet. The change does not impact the results of operations or cash flows. 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. The guidance was initially effective January 1, 2017 and early adoption was not permitted. In July 2015, the FASB approved a one-year deferral of the effective date to January 1, 2018, with an option of applying the standard on the original effective date. As a result, the provisions of this ASU are now effective for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Stockholders' Equity	Note 2—Stockholders’ Equity Public offering In June 2015, the Company completed a public offering of its common stock. The offering included 12,075,000 newly issued shares of common stock sold by the Company (including 1,575,000 shares of common stock sold pursuant to the underwriters’ option to purchase additional shares) at an offering price of $61.50 per share for which the Company received total net proceeds of approximately $717.9 million. Authorized shares In March 2015, the Company’s stockholders approved an increase in the number of authorized shares of the Company’s common stock from 100,000,000 shares to 200,000,000 shares. Dividends In 2015, the Company paid quarterly cash dividends of $0.125 per share of common stock on March 16, 2015, June 15, 2015 and September 15, 2015 to stockholders of record as of the close of business on March 2, 2015, June 1, 2015 and September 1, 2015, respectively, totaling $33.2 million.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	Note 3—Debt At September 30, 2015 and December 31, 2014, debt consisted of the following (in thousands): September 30, 2015 December 31, Senior secured credit facilities, weighted-average interest rate of 3.89% $ 2,300,000 $ — 5.875% senior notes due 2023 600,000 — Prior facility, weighted-average interest rate of 2.93% — 645,000 Unamortized original issue discount and debt issuance costs (71,058 ) (25,262 ) 2,828,942 619,738 Less current portion of long-term debt 33,000 20,470 Long-term debt $ 2,795,942 $ 599,268 Senior Secured Credit Facilities On July 8, 2015, in connection with its acquisition of Advent Software, Inc. (“Advent”), the Company entered into a credit agreement with SS&C, SS&C European Holdings S.A.R.L., an indirect wholly-owned subsidiary of SS&C (“SS&C Sarl”) and SS&C Technologies Holdings Europe S.A.R.L., an indirect wholly-owned subsidiary of SS&C (“SS&C Tech Sarl”) as the borrowers (“Credit Agreement”). The Credit Agreement has four tranches of term loans (together the “Term Loans”): (i) a $98 million term A-1 facility with a five year term for borrowings by SS&C Sarl (“Term A-1 Loan”); (ii) a $152 million term A-2 facility with a five year term for borrowings by SS&C Tech Sarl (“Term A-2 Loan”); (iii) a $1.82 billion term B-1 facility with a seven year term for borrowings by SS&C (“Term B-1 Loan”); and (iv) a $410 million term B-2 facility with a seven year term for borrowings by SS&C Sarl (“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 (“Revolving Credit Facility”). The Revolving Credit Facility contains a $25 million letter of credit sub-facility, of which $0 has been drawn. The Term Loans and Revolving Credit Facility 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 the Company’s then-existing credit facility (“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. The refinancing of the Prior Facility was evaluated in accordance with FASB Accounting Standards Codification 470-50, Debt-Modifications and Extinguishments, for modification and extinguishment accounting. The Company accounted for the refinancing as a debt modification with respect to amounts that remained obligations of the same lender in the syndicate with minor changes in cash flows and as a debt extinguishment with respect to amounts that were obligations of lenders that exited the syndicate or remained in the syndicate but experienced a change in cash flows of greater than 10%. See Loss on extinguishment of debt The Company is 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. The Company is 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. The Company’s obligations under the Term Loans are guaranteed by (i) Holdings and each of its 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 its 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 the Company’s ability and the ability of its 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 its subsidiaries, pay dividends on its capital stock or redeem, repurchase or retire its capital stock, alter the business the Company conducts, amend, prepay, redeem or purchase subordinated debt, or engage in transactions with its affiliates. The Credit Agreement also contains customary representations and warranties, affirmative covenants and events of default, subject to customary thresholds and exceptions. In addition, the Credit Agreement contains a financial covenant for the benefit of the Revolving Credit Facility as well as the Term A-1 Loan and the Term A-2 Loan, requiring the Company to maintain a consolidated net senior secured leverage ratio. As of September 30, 2015, the Company was in compliance with the financial and non-financial covenants. Senior Notes On July 8, 2015, in connection with the acquisition of Advent, the Company issued $600.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (“Senior Notes”). The Senior Notes are guaranteed by SS&C and each of the Company’s 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. The Company is required to use commercially reasonable efforts to file with the SEC an exchange offer registration statement pursuant to which the Company will offer in exchange for the Senior Notes, new notes identical in all material respects to the Senior Notes, and cause the exchange offer registration statement to be declared effective within 365 days following the issuance of the Senior Notes. If the Company is not able to complete the exchange offer registration statement in the period stated or at all (or a shelf registration statement with the SEC to cover resales of the Senior Notes is not declared effective), the interest rate on the notes will increase 0.25% per year. The amount of additional interest will increase an additional 0.25% per year for any subsequent 90-day period in which the Company has not yet completed and have declared effective a registration statement, up to a maximum additional interest rate of 1.00% per year. At any time after July 15, 2018, the Company 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, the Company 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, the Company’s ability and the ability of its restricted subsidiaries to incur debt or liens, make certain investments, pay dividends, repurchase or redeem subordinated debt, dispose of certain assets, engage in mergers or acquisitions or engage in transactions with its affiliates. Any event of default under the Credit Agreement that leads to an acceleration of those amounts due also results in a default under the indenture governing the Senior Notes. As of September 30, 2015, there were $600.0 million in principal amount of Senior Notes outstanding. Debt issuance costs In connection with the Credit Agreement and the Senior Notes, the Company capitalized an aggregate of $45.8 million in financing costs. Capitalized financing costs of $2.1 million and $1.1 million were amortized to interest expense in the three months ended September 30, 2015 and 2014, respectively. Capitalized financing costs of $4.3 million and $3.3 million were amortized to interest expense in the nine months ended September 30, 2015 and 2014, respectively. Additionally, the Company amortized to interest expense $0.5 million and $0.3 million of the original issue discount in the three months ended September 30, 2015 and 2014, respectively, and $1.2 million and $1.1 million of the original issue discount in the nine months ended September 30, 2015 and 2014, respectively. Loss on extinguishment of debt The Company recorded a $30.4 million loss on extinguishment of debt in the three and nine months ended September 30, 2015 in connection with the repayment and termination of its Prior Facility. The loss on early extinguishment of debt includes the write-off of a portion of the unamortized capitalized financing costs and the unamortized original issue discounts related to the Prior Facility for amounts accounted for as a debt extinguishment, as well as a portion of the financing costs related to the Credit Agreement for amounts accounted for as a debt modification. Fair value of debt The carrying amounts and fair values of financial instruments are as follows (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 2,300,000 $ 2,300,354 $ — $ — 5.875% senior notes due 2023 600,000 606,000 — — Prior facility — — 645,000 641,141 The above fair values, which are Level 2 liabilities, were computed based on comparable quoted market prices. Future maturities of debt At September 30, 2015, annual maturities of long-term debt during the next five years and thereafter are as follows (in thousands): Year ending December 31, 2015 $ 8,250 2016 33,000 2017 36,125 2018 45,500 2019 and thereafter 2,777,125 $ 2,900,000

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 4—Goodwill The change in carrying value of goodwill as of and for the nine months ended September 30, 2015 is as follows (in thousands): Balance at December 31, 2014 $ 1,573,227 Adjustments to previous acquisitions 138 Current year acquisitions 1,968,687 Effect of foreign currency translation (40,160 ) Balance at September 30, 2015 $ 3,501,892

Recurring and non-recurring rev

Recurring and non-recurring revenues	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Recurring and non-recurring revenues	Note 5—Recurring and non-recurring revenues 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, term licenses and perpetual maintenance. 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 $2.1 million from “Software licenses” and $0.9 million from “Maintenance” to “Term licenses” for the three months ended September 30, 2014. The Company reclassified $7.1 million from “Software licenses” and $2.5 million from “Maintenance” to “Term licenses” for the nine months ended September 30, 2014. The revised presentation better illustrates the nature of the Company’s revenues, as the prior presentation did not clearly indicate the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition. The following is a summary of recurring and non-recurring revenues (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Software-enabled services $ 180,744 $ 149,285 $ 484,434 $ 440,215 Term licenses 30,708 3,023 41,935 9,620 Perpetual maintenance 49,389 24,727 117,114 74,272 Total recurring revenues $ 260,841 $ 177,035 $ 643,483 $ 524,107 Professional services $ 13,546 $ 8,522 $ 33,388 $ 23,542 Perpetual licenses 6,507 7,041 22,526 19,481 Total non-recurring revenues $ 20,053 $ 15,563 $ 55,914 $ 43,023

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 6—Income Taxes The effective tax rate was 16% and 18% for the three months ended September 30, 2015 and 2014, respectively, and the effective tax rate was 35% and 26% for the nine months ended September 30, 2015 and 2014, respectively. The change for the three months ended September 30, 2015 was primarily due to the benefit received from a decrease in pre-tax income from domestic operations taxed at a high statutory rate, partially offset by the unfavorable impact of nondeductible transaction costs and the repatriation of foreign income. The change for the nine months ended September 30, 2015 was primarily due to the impact of nondeductible transaction costs, repatriation of foreign income, and decreased earnings of foreign operations, relative to the decrease in pre-tax book income. Included in the allocation of the purchase price for the acquisition of Advent, the Company recorded i) a net deferred tax liability of $431.2 million related to the acquired intangible assets for which amortization will not be deductible for tax purposes and ii) unrecognized tax benefits of $14.6 million. The Company’s unrecognized tax benefits relate to certain Federal and State tax incentives and are recorded in long term liabilities.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings per Share	Note 7—Earnings per Share Earnings per share (“EPS”) is calculated in accordance with the relevant accounting standards. Basic EPS includes no dilution and is computed by dividing 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 and restricted stock 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 exercise prices together with other 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 earnings per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weighted average common shares outstanding 96,853 83,532 88,886 83,127 Weighted average common stock equivalents – options and restricted shares — 3,860 4,349 3,998 Weighted average common and common equivalent shares outstanding 96,853 87,392 93,235 87,125 Weighted average stock options, stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and restricted stock to purchase 14,403,354 and 1,721,503 shares were outstanding for the three months ended September 30, 2015 and 2014, respectively, and weighted average stock options, SARs and RSUs to purchase 3,109,860 and 1,790,459 shares were outstanding for the nine months ended September 30, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per share because the effect of including the options would be anti-dilutive. No dilutive securities have been included in the diluted EPS calculation for the three months ended September 30, 2015 due to the Company’s reported net loss for the quarter.

Stock-based Compensation

Stock-based Compensation	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	Note 8—Stock-based Compensation For stock options, SARs, RSUs and restricted stock, the total amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Statements of Comprehensive Income Classification 2015 2014 2015 2014 Cost of recurring revenues $ 2,435 $ 985 $ 5,767 $ 3,150 Cost of non-recurring revenues 530 108 855 324 Total cost of revenues 2,965 1,093 6,622 3,474 Selling and marketing 9,936 538 11,423 1,673 Research and development 5,464 279 6,359 862 General and administrative 4,756 874 7,031 2,545 Total operating expenses 20,156 1,691 24,813 5,080 Total stock-based compensation expense $ 23,121 $ 2,784 $ 31,435 $ 8,554 In connection with its acquisition of Advent, the Company assumed Advent’s outstanding unvested equity awards which were converted into 2.5 million unvested stock options and SARs and 0.7 million unvested RSUs. The awards were converted into rights to receive SS&C common stock. All other terms and conditions of the awards remained unchanged. During the three months ended September 30, 2015, the Company recognized stock-based compensation expense of $18.8 million related to these assumed awards, of which $11.1 million related to one-time charges for the accelerated vesting of certain awards. A summary of stock option and SAR activity as of and for the nine months ended September 30, 2015 is as follows (in thousands): Shares of Common Outstanding at January 1, 2015 11,720,648 Granted 1,137,950 Equity awards assumed from Advent 2,480,953 Cancelled/forfeited (331,790 ) Exercised (868,949 ) Outstanding at September 30, 2015 14,138,812 A summary of RSU activity as of and for the nine months ended September 30, 2015 is as follows (in thousands): Number of Shares Outstanding at January 1, 2015 — Equity awards assumed from Advent 659,760 Cancelled/forfeited (24,689 ) Vested (95,612 ) Outstanding at September 30, 2015 539,459 The Company recorded $11.1 million and $10.7 million of income tax benefits related to the exercise of stock options during the nine months ended September 30, 2015 and 2014, respectively. These amounts were recorded entirely to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2015
Business Combinations [Abstract]
Acquisitions	Note 9—Acquisitions Varden Technologies On September 1, 2015, SS&C purchased the assets of Varden for approximately $25.3 million, plus the costs of effecting the transaction and the assumption of certain liabilities. Varden provides cloud-based client and advisor communication solutions for investment firms. The net assets and results of operations of Varden have been included in the Company’s consolidated financial statements from September 1, 2015. The fair value of the intangible assets, consisting of customer relationships, completed technology, trade name and a non-compete agreement, was determined using the income approach. Specifically, the relief-from-royalty method was utilized for the completed technology and trade name, the excess earnings method was utilized for the customer relationships and the lost profits method was utilized for the non-compete agreement. The intangible assets 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. The completed technology is amortized over approximately eight years, customer relationships and trade name are amortized over approximately ten years and the non-compete agreement is amortized over approximately three years, in each case the estimated lives of the assets. The remainder of the purchase price was allocated to goodwill and is tax deductible. Advent Software, Inc. On July 8, 2015, the Company purchased all of the outstanding stock of Advent for approximately $2.6 billion in cash, equating to $44.25 per share plus $14.8 million in costs, fees and expenses associated with the transaction, in part, using the equity and debt financing discussed in Notes 2 and 3. Advent provides software and services for the global investment management industry. The net assets and results of operations of Advent have been included in the Company’s consolidated financial statements from July 8, 2015. The fair value of the intangible assets, consisting of customer relationships, completed technology and trade name, was determined using the income approach. Specifically, the relief-from-royalty method was utilized for the completed technology and trade name, and the excess earnings method was utilized for the customer relationships. The intangible assets 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. The completed technology is amortized over approximately twelve years, customer relationships are amortized over approximately twelve years and trade name is amortized over approximately ten years, in each case the estimated lives of the assets. The remainder of the purchase price was allocated to goodwill and is not tax deductible. The following summarizes the preliminary allocation of the purchase price for the acquisitions of Varden and Advent (in thousands): Varden Advent Accounts receivable $ 1,186 $ 57,326 Fixed assets 26 22,286 Other assets 34 14,998 Acquired customer relationships and contracts 9,000 823,000 Completed technology 3,700 311,000 Trade name 300 18,000 Non-compete agreement 100 — Goodwill 12,815 1,955,872 Deferred revenue (827 ) (90,126 ) Deferred income taxes — (431,158 ) Other liabilities assumed (3,200 ) (85,696 ) Consideration paid, net of cash received $ 23,134 $ 2,595,502 The consideration paid, net of cash acquired for Advent above includes $11.7 million of non-cash consideration related to the fair value of unvested acquired equity awards with a pre-acquisition service period. This amount is excluded from “Cash paid for business acquisitions, net of cash acquired” for the nine months ended September 30, 2015 on the Company’s Condensed Consolidated Statement of Cash Flows. The consideration paid, net of cash acquired for DST Global Solutions (“DSTGS”) as disclosed in the footnotes of the Company’s 2014 Form 10-K included an estimated working capital adjustment of $7.9 million, which was paid in the second quarter of 2015. This amount is included in “Cash paid for business acquisitions, net of cash acquired” for the nine months ended September 30, 2015 on the Company’s Condensed Consolidated Statement of Cash Flows. The fair value of acquired accounts receivable balances for Varden and Advent approximates the contractual amounts due from acquired customers, except for approximately $2.6 million of contractual amounts that are not expected to be collected as of the acquisition date and that were also reserved by Advent. The Company reported revenues totaling $72.2 million from Advent and Varden from their respective acquisition dates through September 30, 2015. The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisitions of Varden and Advent occurred on January 1, 2014 and DSTGS occurred on January 1, 2013. 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. The net assets and results of operations for the acquisitions are included in the Company’s condensed consolidated financial statements as of and for the three and nine months ended September 30, 2015. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ 309,268 $ 298,812 $ 932,833 $ 844,521 Net income $ 16,628 $ 16,319 $ 15,186 $ (60,503 ) Basic earnings per share $ 0.17 $ 0.20 $ 0.17 $ (0.73 ) Basic weighted average number of common shares outstanding 96,853 83,532 88,886 83,127 Diluted earnings per share $ 0.16 $ 0.19 $ 0.16 $ (0.73 ) Diluted weighted average number of common and common equivalent shares outstanding 101,312 87,392 93,235 83,127 Pending acquisitions On September 14, 2015, the Company announced the acquisition of Primatics Financial for approximately $122 million on a cash and debt free basis from The Carlyle Group. The acquisition is expected to close in the fourth quarter of 2015. Primatics is a leader in accounting, forecasting, regulatory reporting, reserving and stress testing solutions to financial institutions holding or acquiring loans. On August 18, 2015, the Company announced the acquisition of Citigroup’s Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services, for $425 million, subject to certain adjustments. The transaction is subject to approvals by relevant regulatory authorities and other customary closing conditions. The transaction is expected to close in the first quarter of 2016.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10—Commitments and Contingencies Millennium Actions Several actions (the “Millennium Actions”) have been 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. (the “Millennium Funds”). These actions include (i) a putative class action in the U.S. District Court for the Southern District of New York (the “U.S. Class Action”) on behalf of a putative class of investors in the Millennium Funds filed in May 2012 asserting claims of $844 million (the alleged aggregate value of assets under management by the Millennium Funds at the funds’ peak valuation); (ii) an arbitration proceeding in the United Kingdom (the “UK Arbitration”) on behalf of Millennium Global Investments Ltd. and Millennium Asset Management Ltd., the Millennium Funds’ investment manager and administrative manager, respectively (together, the “Millennium Managers”), which commenced with a request for arbitration in July 2011, seeking an indemnity of $26.5 million for sums paid by way of settlement to the Millennium Funds in a separate arbitration to which GlobeOp was not a party, as well as an indemnity for any losses that may be incurred by the Millennium Managers in the U.S. Class Action; and (iii) a claim in the same UK Arbitration proceeding by the liquidators on behalf of the Millennium Global Emerging Credit Master Fund Ltd. (the “Master Fund”) against GlobeOp for damages alleged to be in excess of $160 million. These actions allege that GlobeOp breached its contractual obligations and/or negligently breached a duty of care in the performance of services for the Millennium Fund and that, inter alia GlobeOp has secured insurance coverage that provides reimbursement of various litigation costs up to pre-determined limits. Since 2012, GlobeOp has been reimbursed for litigation costs under the applicable insurance policy. In January 2014, GlobeOp, SS&C, the Millennium Managers and the plaintiff in the U.S. Class Action entered into a settlement agreement resolving all disputes and claims between and among the parties (including a separate mutual release between and among GlobeOp and SS&C, on the one hand, and the Millennium Managers on the other that covers claims asserted in the UK Arbitration). The settlement agreement was approved by the United States District Court for the Southern District of New York on July 7, 2014 and consummated in August 2014. Accordingly, the U.S. Class Action matter has been dismissed with prejudice and is now concluded. GlobeOp’s insurers funded the entirety of the settlement amount contemplated to be contributed by GlobeOp. The resolution of the U.S. Class Action does not affect the claims, counterclaims and/or defenses as between GlobeOp and the Master Fund that have been asserted in the UK Arbitration. Hearings in the UK Arbitration were conducted in London in July and August 2013, September 2014 and December 2014. On July 31, 2015, the Tribunal in the UK Arbitration issued its Partial Final Award dismissing in its entirety the claims of the liquidators of the Master Fund against GlobeOp. The Tribunal’s decision is appealable only on limited grounds and, as of the date of this filing, no such appeal has been noticed. The Tribunal will conduct further proceedings in respect of the allocation of costs associated with the UK Arbitration and has reserved judgment on GlobeOp’s claim for indemnity in respect of its arbitration costs. 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.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In September 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-16 (ASU 2015-16), Simplifying the Accounting for Measurement-Period Adjustments. The amendments in this Update require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments in this Update require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs. This ASU more closely aligns the treatment of debt issuance costs with debt discounts and premiums and requires debt issuance costs be presented as a direct deduction from the carrying amount of the related debt. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years, and retrospective application is required once adopted. As early adoption is permitted, the Company adopted this standard in the third quarter of 2015, which resulted in a reclassification of $19.2 million of deferred financing fees from intangible and other assets to a reduction in long-term debt, net of current portion in the Company’s Condensed Consolidated Balance Sheet as of December 31, 2014. As of September 30, 2015, deferred financing fees of $55.8 million were recorded as a reduction in long-term debt, net of current portion, in the Company’s Condensed Consolidated Balance Sheet. The change does not impact the results of operations or cash flows. 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. The guidance was initially effective January 1, 2017 and early adoption was not permitted. In July 2015, the FASB approved a one-year deferral of the effective date to January 1, 2018, with an option of applying the standard on the original effective date. As a result, the provisions of this ASU are now effective for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Component of Debt	At September 30, 2015 and December 31, 2014, debt consisted of the following (in thousands): September 30, 2015 December 31, Senior secured credit facilities, weighted-average interest rate of 3.89% $ 2,300,000 $ — 5.875% senior notes due 2023 600,000 — Prior facility, weighted-average interest rate of 2.93% — 645,000 Unamortized original issue discount and debt issuance costs (71,058 ) (25,262 ) 2,828,942 619,738 Less current portion of long-term debt 33,000 20,470 Long-term debt $ 2,795,942 $ 599,268
Schedule of Carrying Amounts and Fair Values of Financial Instruments	The carrying amounts and fair values of financial instruments are as follows (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 2,300,000 $ 2,300,354 $ — $ — 5.875% senior notes due 2023 600,000 606,000 — — Prior facility — — 645,000 641,141
Schedule of Annual Maturities of Long-Term Debt During Next Five Years and Thereafter	At September 30, 2015, annual maturities of long-term debt during the next five years and thereafter are as follows (in thousands): Year ending December 31, 2015 $ 8,250 2016 33,000 2017 36,125 2018 45,500 2019 and thereafter 2,777,125 $ 2,900,000

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2015
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 nine months ended September 30, 2015 is as follows (in thousands): Balance at December 31, 2014 $ 1,573,227 Adjustments to previous acquisitions 138 Current year acquisitions 1,968,687 Effect of foreign currency translation (40,160 ) Balance at September 30, 2015 $ 3,501,892

Recurring and non-recurring r19

Recurring and non-recurring revenues (Tables)	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Summary of recurring and non-recurring revenues	The following is a summary of recurring and non-recurring revenues (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Software-enabled services $ 180,744 $ 149,285 $ 484,434 $ 440,215 Term licenses 30,708 3,023 41,935 9,620 Perpetual maintenance 49,389 24,727 117,114 74,272 Total recurring revenues $ 260,841 $ 177,035 $ 643,483 $ 524,107 Professional services $ 13,546 $ 8,522 $ 33,388 $ 23,542 Perpetual licenses 6,507 7,041 22,526 19,481 Total non-recurring revenues $ 20,053 $ 15,563 $ 55,914 $ 43,023

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following table sets forth the weighted average common shares used in the computation of basic and diluted earnings per share (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weighted average common shares outstanding 96,853 83,532 88,886 83,127 Weighted average common stock equivalents – options and restricted shares — 3,860 4,349 3,998 Weighted average common and common equivalent shares outstanding 96,853 87,392 93,235 87,125

Stock-based Compensation (Table

Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Stock-Based Compensation Expense Recognized	For stock options, SARs, RSUs and restricted stock, the total amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, Statements of Comprehensive Income Classification 2015 2014 2015 2014 Cost of recurring revenues $ 2,435 $ 985 $ 5,767 $ 3,150 Cost of non-recurring revenues 530 108 855 324 Total cost of revenues 2,965 1,093 6,622 3,474 Selling and marketing 9,936 538 11,423 1,673 Research and development 5,464 279 6,359 862 General and administrative 4,756 874 7,031 2,545 Total operating expenses 20,156 1,691 24,813 5,080 Total stock-based compensation expense $ 23,121 $ 2,784 $ 31,435 $ 8,554
Stock Appreciation Rights (SARs) [Member]
Summary of Stock Option Activity	A summary of stock option and SAR activity as of and for the nine months ended September 30, 2015 is as follows (in thousands): Shares of Common Outstanding at January 1, 2015 11,720,648 Granted 1,137,950 Equity awards assumed from Advent 2,480,953 Cancelled/forfeited (331,790 ) Exercised (868,949 ) Outstanding at September 30, 2015 14,138,812
Restricted Stock Units (RSUs) [Member]
Summary of Stock Option Activity	A summary of RSU activity as of and for the nine months ended September 30, 2015 is as follows (in thousands): Number of Shares Outstanding at January 1, 2015 — Equity awards assumed from Advent 659,760 Cancelled/forfeited (24,689 ) Vested (95,612 ) Outstanding at September 30, 2015 539,459

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2015
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 acquisitions of Varden and Advent (in thousands): Varden Advent Accounts receivable $ 1,186 $ 57,326 Fixed assets 26 22,286 Other assets 34 14,998 Acquired customer relationships and contracts 9,000 823,000 Completed technology 3,700 311,000 Trade name 300 18,000 Non-compete agreement 100 — Goodwill 12,815 1,955,872 Deferred revenue (827 ) (90,126 ) Deferred income taxes — (431,158 ) Other liabilities assumed (3,200 ) (85,696 ) Consideration paid, net of cash received $ 23,134 $ 2,595,502
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 acquisitions of Varden and Advent occurred on January 1, 2014 and DSTGS occurred on January 1, 2013. 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. The net assets and results of operations for the acquisitions are included in the Company’s condensed consolidated financial statements as of and for the three and nine months ended September 30, 2015. Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Revenues $ 309,268 $ 298,812 $ 932,833 $ 844,521 Net income $ 16,628 $ 16,319 $ 15,186 $ (60,503 ) Basic earnings per share $ 0.17 $ 0.20 $ 0.17 $ (0.73 ) Basic weighted average number of common shares outstanding 96,853 83,532 88,886 83,127 Diluted earnings per share $ 0.16 $ 0.19 $ 0.16 $ (0.73 ) Diluted weighted average number of common and common equivalent shares outstanding 101,312 87,392 93,235 83,127

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Reclasification of deferred financing fees from Intangible and other assets		$ 19.2
Reclasification of deferred financing fees to reduction in long-tem debt		$ 19.2
Deferred financing fees recorded to reduce in long-tem debt	$ 55.8

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Proceeds from common stock issuance, net	$ 717,900	$ 717,802
Common stock, shares authorized		200,000,000	200,000,000	100,000,000
Dividends paid on common stock		$ 33,216
First Quarter Dividend [Member]
Class of Stock [Line Items]
Quarterly cash dividend paid		$ 0.125
Dividend paid date		Mar. 16, 2015
Dividend record date		Mar. 2, 2015
Second Quarter Dividend [Member]
Class of Stock [Line Items]
Quarterly cash dividend paid		$ 0.125
Dividend paid date		Jun. 15, 2015
Dividend record date		Jun. 1, 2015
Third Quarter Dividend [Member]
Class of Stock [Line Items]
Quarterly cash dividend paid		$ 0.125
Dividend paid date		Sep. 15, 2015
Dividend record date		Sep. 1, 2015
Common Stock [Member]
Class of Stock [Line Items]
Common stock shares issued	12,075,000
Common stock offering price	$ 61.50
Common Stock [Member] | Underwriters' Option [Member]
Class of Stock [Line Items]
Common stock shares issued	1,575,000

Debt - Component of Debt (Detai

Debt - Component of Debt (Detail) - USD ($)	Sep. 30, 2015	Jul. 08, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Unamortized original issue discount and debt issuance costs	$ (71,058,000)		$ (25,262,000)
Debt	2,828,942,000		619,738,000
Debt	2,828,942,000		619,738,000
Less current portion of long-term debt	33,000,000		20,470,000
Long-term debt	2,795,942,000		599,268,000
Line of Credit [Member] | Two Point Nine Three Percent Prior Facility [Member]
Debt Instrument [Line Items]
Debt before unamortized original issue discount			$ 645,000,000
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt principal amount	2,300,000,000
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 600,000,000	$ 600,000,000

Debt - Component of Debt (Paren

Debt - Component of Debt (Parenthetical) (Detail)	Jul. 08, 2015	Sep. 30, 2015	Dec. 31, 2014
Senior Secured Credit Facilities [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt, weighted-average interest rate of credit facility		3.89%
5.875% Senior Notes due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt, interest rate	5.875%	5.875%
Debt, due date	2,023	2,023
Two Point Nine Three Percent Prior Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt, weighted-average interest rate of credit facility			2.93%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	Jul. 08, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Debt instrument, interest rate terms				The Term Loans and Revolving Credit Facility 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.
Company amortized to interest expense		$ 500,000	$ 300,000	$ 1,200,000	$ 1,100,000
Capitalized financing costs, aggregate amount				45,800,000
Capitalized financing costs amortized to interest expense		2,100,000	$ 1,100,000	4,300,000	$ 3,300,000
Loss on extinguishment of debt		(30,417,000)		$ (30,417,000)
Term B-1 Loan [Member]
Debt Instrument [Line Items]
Minimum senior secured leverage ratio required	4.00%
Term B-2 Loan [Member]
Debt Instrument [Line Items]
Minimum senior secured leverage ratio required	4.00%
Term A-1 Loan [Member]
Debt Instrument [Line Items]
Minimum senior secured leverage ratio required	3.00%
Term A-2 Loan [Member]
Debt Instrument [Line Items]
Minimum senior secured leverage ratio required	3.00%
Minimum [Member]
Debt Instrument [Line Items]
Percentage of change in cash flows due to debt extinguishment obligation				10.00%
LIBOR Plus [Member] | Term B-1 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.25%
Debt instrument, floor rate	0.75%
LIBOR Plus [Member] | Term B-1 Loan [Member] | Leverage Ratio is Less Than 4 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%
LIBOR Plus [Member] | Term B-2 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.25%
Debt instrument, floor rate	0.75%
LIBOR Plus [Member] | Term B-2 Loan [Member] | Leverage Ratio is Less Than 4 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%
LIBOR Plus [Member] | Term A-1 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.75%
LIBOR Plus [Member] | Term A-1 Loan [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
LIBOR Plus [Member] | Term A-2 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.75%
LIBOR Plus [Member] | Term A-2 Loan [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Base Rate Plus [Member] | Term B-1 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Base Rate Plus [Member] | Term B-1 Loan [Member] | Leverage Ratio is Less Than 4 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
Base Rate Plus [Member] | Term B-2 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Base Rate Plus [Member] | Term B-2 Loan [Member] | Leverage Ratio is Less Than 4 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
Base Rate Plus [Member] | Term A-1 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Base Rate Plus [Member] | Term A-1 Loan [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Base Rate Plus [Member] | Term A-2 Loan [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Base Rate Plus [Member] | Term A-2 Loan [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Senior Secured Credit Facilities [Member] | Term B-1 Loan [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 1,820,000,000
Senior Secured Credit Facilities [Member] | Term B-2 Loan [Member]
Debt Instrument [Line Items]
Debt principal amount	410,000,000
Senior Secured Credit Facilities [Member] | Term A-1 Loan [Member]
Debt Instrument [Line Items]
Debt principal amount	98,000,000
Senior Secured Credit Facilities [Member] | Term A-2 Loan [Member]
Debt Instrument [Line Items]
Debt principal amount	152,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 150,000,000
Minimum senior secured leverage ratio required	3.00%
Company amortized to interest expense				$ 0
Revolving Credit Facility [Member] | LIBOR Plus [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.75%
Revolving Credit Facility [Member] | LIBOR Plus [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Revolving Credit Facility [Member] | Base Rate Plus [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Revolving Credit Facility [Member] | Base Rate Plus [Member] | Leverage Ratio is Less Than 3 Times [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Letter of Credit [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 25,000,000
Line of credit facility, amount drawn	$ 0
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Credit facility, frequency of payments				Quarterly
Credit facility collateral, percentage of capital stock of foreign restricted subsidiaries	65.00%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term B-1 Loan [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	0.25%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term B-2 Loan [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	0.25%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term A-1 Loan [Member] | Until September 30, 2017 [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	1.25%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term A-1 Loan [Member] | From December 31, 2017 Until June 30, 2020 [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	2.50%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term A-2 Loan [Member] | Until September 30, 2017 [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	1.25%
Secured Debt [Member] | Senior Secured Credit Facilities [Member] | Term A-2 Loan [Member] | From December 31, 2017 Until June 30, 2020 [Member]
Debt Instrument [Line Items]
Quarterly payments percentage on original principal amount	2.50%
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 600,000,000	$ 600,000,000		$ 600,000,000
Debt instrument, interest rate terms				If the Company is not able to complete the exchange offer registration statement in the period stated or at all (or a shelf registration statement with the SEC to cover resales of the Senior Notes is not declared effective), the interest rate on the notes will increase 0.25% per year. The amount of additional interest will increase an additional 0.25% per year for any subsequent 90-day period in which the Company has not yet completed and have declared effective a registration statement, up to a maximum additional interest rate of 1.00% per year.
Debt, interest rate	5.875%	5.875%		5.875%
Debt, due date	2,023			2,023
Increase in debt instrument interest				0.25%
Senior Notes, redemption period, on or before date				Jul. 15, 2018
Percentage of principal amount of Senior Notes redeemed	35.00%
Senior Notes, redemption price, percentage of principal amount plus accrued and unpaid interest	105.875%
Principal amount of Senior Notes outstanding		$ 600,000,000		$ 600,000,000
Senior Notes [Member] | Maximum [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Increase in debt instrument interest				1.00%

Debt - Schedule of Carrying Amo

Debt - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying Amount [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	$ 2,300,000
Carrying Amount [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Credit facility	600,000
Carrying Amount [Member] | Line of Credit [Member] | Two Point Nine Three Percent Prior Facility [Member]
Financial liabilities:
Credit facility		$ 645,000
Fair Value [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	2,300,354
Fair Value [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Credit facility	$ 606,000
Fair Value [Member] | Line of Credit [Member] | Two Point Nine Three Percent Prior Facility [Member]
Financial liabilities:
Credit facility		$ 641,141

Debt - Schedule of Annual Matur

Debt - Schedule of Annual Maturities of Long-Term Debt During Next Five Years and Thereafter (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Debt Instrument [Line Items]
2,015	$ 8,250
2,016	33,000
2,017	36,125
2,018	45,500
2019 and thereafter	2,777,125
Senior Secured Credit Facilities and Senior Notes Member [Member]
Debt Instrument [Line Items]
Total	$ 2,900,000

Goodwill - Summary of Change in

Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at December 31, 2014	$ 1,573,227
Adjustments to previous acquisitions	138
Current year acquisitions	1,968,687
Effect of foreign currency translation	(40,160)
Balance at September 30, 2015	$ 3,501,892

Recurring and non-recurring r31

Recurring and non-recurring revenues - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Recurring And Non Recurring Revenues [Line Items]
Reclasification of licence revenue	$ 6,507	$ 7,041	$ 22,526	$ 19,481
Reclasification of maintenance revenue	$ 49,389	24,727	$ 117,114	74,272
Term Licenses [Member]
Recurring And Non Recurring Revenues [Line Items]
Reclasification of licence revenue		2,100		7,100
Reclasification of maintenance revenue		$ 900		$ 2,500

Recurring and non-recurring r32

Recurring and non-recurring revenues - Summary of recurring and non-recurring revenues (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Software-enabled services	$ 180,744	$ 149,285	$ 484,434	$ 440,215
Term licenses	30,708	3,023	41,935	9,620
Perpetual maintenance	49,389	24,727	117,114	74,272
Total recurring revenues	260,841	177,035	643,483	524,107
Professional services	13,546	8,522	33,388	23,542
Perpetual licenses	6,507	7,041	22,526	19,481
Total non-recurring revenues	$ 20,053	$ 15,563	$ 55,914	$ 43,023

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Effective tax rate	16.00%	18.00%	35.00%	26.00%
Advent [Member]
Income Taxes [Line Items]
Net deferred tax liability related to intangible assets	$ 431.2		$ 431.2
Unrecognized tax benefits	$ 14.6		$ 14.6

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted Earnings per Share (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average common shares outstanding	96,853	83,532	88,886	83,127
Weighted average common stock equivalents - options and restricted shares		3,860	4,349	3,998
Weighted average common and common equivalent shares outstanding	96,853	87,392	93,235	87,125

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Line Items]
Dilutive securities included in diluted EPS calculation	0
Stock Appreciation Rights (SARs) [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding	14,403,354	14,403,354	3,109,860	3,109,860
Restricted Stock Units (RSUs) [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding	14,403,354	14,403,354	1,790,459	1,790,459
Restricted Stock [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding	1,721,503	1,721,503
Stock Options [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding	14,403,354	14,403,354	3,109,860	3,109,860

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 23,121	$ 2,784	$ 31,435	$ 8,554
Cost of Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,435	985	5,767	3,150
Cost of Non Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	530	108	855	324
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,965	1,093	6,622	3,474
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	9,936	538	11,423	1,673
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	5,464	279	6,359	862
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,756	874	7,031	2,545
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 20,156	$ 1,691	$ 24,813	$ 5,080

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Detail) - USD ($) $ in Thousands, shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 23,121	$ 2,784	$ 31,435	$ 8,554
Income tax benefits related to the exercise of stock options			$ 11,100	$ 10,700
Advent [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	18,800
One-time charges for accelerated vesting awards	$ 11,100
Advent [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock options	2.5		2.5
Advent [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested stock options	0.7		0.7

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Stock Option Activity (Detail)	9 Months Ended
	Sep. 30, 2015shares
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at January 1, 2015	11,720,648
Granted	1,137,950
Cancelled/forfeited	(331,790)
Exercised	(868,949)
Outstanding at September 30, 2015	14,138,812
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cancelled/forfeited	(24,689)
Vested	(95,612)
Outstanding at September 30, 2015	539,459
Advent [Member] | Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards assumed	2,480,953
Advent [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity awards assumed	659,760

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Sep. 01, 2015	Jul. 08, 2015	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2015
Varden [Member]
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction	$ 25,300					$ 23,134
Business acquisition, effective date of acquisition						Sep. 1, 2015
Varden [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Amortized period						8 years
Varden [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Amortized period						10 years
Varden [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Amortized period						10 years
Varden [Member] | Non-Compete Agreement [Member]
Business Acquisition [Line Items]
Amortized period						3 years
Advent [Member]
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction		$ 2,600,000				$ 2,595,502
Business acquisition, share price		$ 44.25
Business acquisition costs, fees and expenses associated with the transaction		$ 14,800
Non-cash consideration related to fair value of unvested acquired equity awards						11,700
Advent [Member] | Doubtful [Member]
Business Acquisition [Line Items]
Fair value of acquired accounts receivable					$ 2,600	$ 2,600
Advent [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Amortized period						12 years
Advent [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Amortized period						12 years
Advent [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Amortized period						10 years
Advent and Varden [Member]
Business Acquisition [Line Items]
Reported revenues from acquisition					$ 72,200
DSTGS [Member]
Business Acquisition [Line Items]
Estimated working capital adjustment paid in second quarter of 2015						$ 7,900
Primatics Financial [Member] | Scenario, Forecast [Member]
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction				$ 122,000
Citigroup's Alternative Investor Services [Member] | Scenario, Forecast [Member]
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction			$ 425,000

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree (Detail) - USD ($) $ in Thousands	Sep. 01, 2015	Jul. 08, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill			$ 3,501,892	$ 1,573,227
Varden [Member]
Business Acquisition [Line Items]
Accounts receivable			1,186
Fixed assets			26
Other assets			34
Goodwill			12,815
Deferred revenue			(827)
Other liabilities assumed			(3,200)
Consideration paid, net of cash received	$ 25,300		23,134
Varden [Member] | Acquired Customer Relationships and Contracts [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			9,000
Varden [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			3,700
Varden [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			300
Varden [Member] | Non-Compete Agreement [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			100
Advent [Member]
Business Acquisition [Line Items]
Accounts receivable			57,326
Fixed assets			22,286
Other assets			14,998
Goodwill			1,955,872
Deferred revenue			(90,126)
Deferred income taxes			(431,158)
Other liabilities assumed			(85,696)
Consideration paid, net of cash received		$ 2,600,000	2,595,502
Advent [Member] | Acquired Customer Relationships and Contracts [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			823,000
Advent [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			311,000
Advent [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Acquired customer relationships and contracts			$ 18,000

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Business Combinations [Abstract]
Revenues	$ 309,268	$ 298,812	$ 932,833	$ 844,521
Net income	$ 16,628	$ 16,319	$ 15,186	$ (60,503)
Basic earnings per share	$ 0.17	$ 0.20	$ 0.17	$ (0.73)
Basic weighted average number of common shares outstanding	96,853	83,532	88,886	83,127
Diluted earnings per share	$ 0.16	$ 0.19	$ 0.16	$ (0.73)
Diluted weighted average number of common and common equivalent shares outstanding	101,312	87,392	93,235	83,127

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Funds asserting claims	$ 844
Millennium actions indemnity amount claimed by investment managers	26.5
Millennium actions UK Arbitration proceeding claim amount	$ 160