"Intangible assets" are assets that have significant value but no physical presence and provide long-term financial value to a company. Intangible assets that can be valued, sold separately from other assets, and separated from the corporation are considered identifiable intangible assets. Intellectual property, like as patents, trademarks, and copyrights, as well as non-cash government grants, such broadcasting licenses or airport landing rights, are examples of identifiable intangible assets. A trademark is a sign that can be used to separate one company's products or services from those of other businesses. Trademarks are protected under intellectual property laws. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
SS&C Technologies Holding’s gross value of intangible assets declined from $6,474.6 million in FY2020 to $6,156.2 million in FY2021, a decrease of 4.9%. In FY2021, the company's net value of intangible assets was $3,901.7 million. Completed technology and Trade names amounted to $1,381.6 million and $241.6 million respectively, based on the company's calculation of the fair value of identified intangible assets. The company's amortization expense for intangible assets was $526.5 million in FY2021.
The company's total assets increased by $1,409.4 million, from $15,923.6 million in FY2020 to $17,333 million in FY2021. The increase is primarily the result of an increase in funds receivable and funds held on behalf of clients of $1,528 million. The company’s Customer relationships and Other declined to $4,490 million and $43 million respectively in FY2021.
SS&C Technologies Holdings Inc (SS&C) is a provider of software and related services to the financial services and healthcare industry. The company offers software solutions for alternative investments, asset management, insurance and pension funds, real estate and property management, commercial lending, financial institutions, and capital markets. These products allow financial services providers to automate complex business processes and effectively manage information-processing requirements. It also offers several services including fund administration, SaaS and business process outsourcing, training and education, custom in-house solutions, and mobility services. The company operates across the Americas, Europe, Asia-Pacific, the Middle East, and Africa. SS&C is headquartered in Windsor, Connecticut, US.
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