Windsor, Conn.-based SS&C Technologies Holdings Inc. will invest about $3.9 million to open a service and technology center in Evansville, creating up to 500 jobs by 2014.
State officials announced the plans Tuesday morning.
Indiana Economic Development Corp. offered SS&C as much as $8.3 million in performance-based tax credits and up to $200,000 in training grants based on its job-creation plans. The city of Evansville will consider additional property tax abatement at the request of the Growth Alliance for Greater Evansville.
Publicly traded SS&C provides software services for trading, accounting, reporting, risk management and fund administration to hedge-fund clients, insurance companies and institutional asset managers.
The company plans to begin hiring fund accountants and account managers, in addition to sales and operations support representatives, with an expected opening in the second quarter of 2011. A location has yet to be determined.
“SS&C is a company that has continued to grow even during the challenging economic times,” Indiana Gov. Mitch Daniels said in a prepared statement. “We couldn’t be happier that they’ve chosen to bring these new high-skill positions to Evansville.”
SS&C is the fifth-largest fund administrator in North America based on assets under administration. It was founded in 1986 and has more than 1,400 employees in North America, Europe, Asia and Australia.