William C. Stone
William (Bill) Charles Stone | |
|---|---|
| Born | Evansville, Indiana, U.S. |
| Alma mater | Marquette University (BBA, 1977) |
| Occupation | Businessman |
| Years active | 1977–present |
| Known for | Founder, chairman, and CEO of SS&C Technologies |
| Spouse | Mary (O’Daniel) Stone |
| Children | 3 |
William (Bill) Charles Stone is the founder, chairman, and chief executive officer (CEO) of SS&C Technologies (NASDAQ: SSNC), a company delivering software solutions and services to the financial services and healthcare industries.
Early life
Raised in Evansville, Indiana, Stone and his future spouse, Mary (O’Daniel) Stone, both completed their studies at Reitz Memorial High School in 1973. During his high school years, Stone was an athlete who captained the football team.
College
Stone obtained his Bachelor of Business Administration degree from Marquette University in Milwaukee, Wisconsin, graduating in 1977.
Personal life
Currently residing in Naples, Florida, Stone is married to Mary Stone and together they have three children.
Career
In 1986, Stone established SS&C Technologies from his Connecticut home. The firm focuses on providing software and services tailored for the financial services and healthcare sectors.
Pre-SS&C Career
Stone’s professional journey began in 1977 at KPMG, a prominent financial consulting and accounting firm. He rose to the role of director and transferred to KPMG’s Hartford, Connecticut headquarters. Subsequently, he held the position of vice president of administration and special investment services at The Advest Group, which was ranked as the 12th largest broker-dealer in the United States at that time.
Founding SS&C Technologies
By 1986, after accumulating approximately $20,000 during his tenure at KPMG, Stone left his employment to launch SS&C from his garage. Starting with a team of four employees, the company expanded to 17 within a year and more than doubled its staff by 1988.
Over the following ten years, SS&C Technologies grew its revenue to $18 million by creating software for financial institutions such as asset managers, bankers, and insurers seeking digital solutions for book management.
Under Stone’s leadership, SS&C went public in 1996. Following the dot-com crash, he took the company private again in 2005 before relisting it on public markets in March 2010.
As of March 2019, Stone continues as CEO and Chairman of SS&C Technologies. His leadership roles have included:
- 1986–present: CEO and Chairman of the Board at SS&C Technologies Holdings, Inc. and SS&C Technologies, Inc.
- 1986–1997; 1999–2004: President of SS&C Technologies Holdings Inc.
- 1999–2004: President and Secretary of SS&C Technologies Inc.
Licenses
- Holds National Association of Securities Dealers (NASD) securities series licenses 6, 7, 8, and 22
Awards and achievements
- Inducted into the Evansville Regional Business Hall of Fame in 2019
- Named among Institutional Investor's All American Executive Team Best Midcap CEOs in the Technology Sector in 2017
- Recipient of Marquette University's College of Business Administration Entrepreneurial Award in 2012
Community involvement and philanthropy
In 2006, Stone financed the construction of the NJ Stone Baseball Field at Evansville Memorial High School, honoring his father’s name.
In 2011, he revealed plans to create 500 new jobs in Evansville by 2014, contributing to downtown revitalization alongside SS&C’s global workforce totaling approximately 1,400 employees.
In May 2018, Bill and Mary Stone donated $15 million to establish the Stone Family Center for Health Sciences—a partnership between University of Evansville, University of Southern Indiana, and Indiana University aimed at advancing health sciences education.
In November 2018, they funded the Patricia Browning Stone Sensory Playground at St. Vincent's Center for Children in Evansville—named after Stone’s mother—to support children affected by Sensory Processing Disorder (SPD).
In December 2021, the Stones contributed $34.2 million to create the Mary O'Daniel Stone and Bill Stone Center for Child and Adolescent Psychiatry at Indiana University School of Medicine-Evansville.
Forbes
In 2016, Forbes conducted an interview with Stone focusing on his journey to billionaire status, the effects of the dot-com crash on SS&C, and how the company managed to rebound afterward.
Mad Money, CNBC
Stone appeared on CNBC's Mad Money in 2018, where he conversed with Jim Cramer about the expansion of financial technology.
FTF News
During a January 2019 interview with FTF News, Stone provided commentary on SS&C's major acquisitions completed in 2018.