Carlyle-Backed SS&C Cancels IPO

SS&C Technologies Inc., a Windsor, Conn.-based financial management software company owned by The Carlyle Group, has canceled a proposed $200 million IPO, citing “market conditions.” The company originally filed in June 2006, and planned to trade on the Nasdaq. Morgan Stanley, Credit Suisse and JPMorgan were serving as co-lead underwriters. Carlyle holds a 72.2% ownership position in SS&C.