It's all SS&C now? Sounds like from the earnings call DST is being held at arms length; lots of references to flat a declining revenue at DST! Hey alligator, how's that Zebra coming along? "Just chomping away over here, I'll get it devoured real soon!" Hey al, been working at it for years now? "I know, I know, give ti time..."
is anything surprising you as far as maybe how relatively less resilient that business has been relative to the other businesses that you have?
William C. Stone – Chairman of the Board and Chief Executive Officer
No. I don't think so. I think that it's a big, complex business that is getting a pretty hefty overhaul. And as you go through this pretty hefty overhaul, there's all kinds of things you find, right? This is a business that when we bought it had 16,400 headcount and $420 million, $430 million in EBITDA. And now it has less headcount and closer to $800 million in EBITDA. So we're trying to do things in a wise way. We think there's some great opportunities and we have some great clients, and we have to suggest to them and present to them things they want to buy. We can't be in the business of building things we want to build. We have to build things that people want to buy, and I think we're making progress in that regard. And I think that's the – will end up being the holy grail. There's no – nothing magic here. It's just hard work with very large clients and generally very big systems that need some innovation and some new product deliveries.
Earnings calls are a delight to read:
https://www.fool.com/earnings/call-transcripts/2020/07/29/ssc-technologies-holdings-inc-ssnc-q2-2020-earning.aspx