Business Services Industry
SEO Reports 50% Increase in Results using SS&C's Zoologic Learning Solutions
Business Wire, April 17, 2007
Web-based Courseware provider helps SEO Expand Career Program Globally
WINDSOR, Conn. -- SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced that Sponsors for Educational Opportunity (SEO), a nonprofit organization that recruits, trains, and places outstanding college students of color in summer internships designed to lead to full-time jobs, recognizes a sustained 50% increase in permanent job offers to its Career Program interns since adding SS&C's Zoologic Learning Solutions to its training program.
Since 2004, Zoologic has provided the SEO Career Program with web-based courses in corporate finance, research, sales, and trading, and asset management. This partnership has resulted in a 50% increase in permanent job offers for participants at their summer firms, growing from 50% of interns receiving offers to 75%. SEO continues to recognize this sustained increase in job offers with 78% of all interns receiving permanent job offers at their summer firms in 2004, 76% in 2005, and 75% in 2006.
"We credit this sustained increase in permanent job offers directly to the addition of Zoologic Learning Solutions to our training program," said William A. Goodloe, President and CEO of SEO. "Many previous interns have told me they know they were offered permanent positions because of the knowledge gained from the Zoologic courses. Meanwhile, current SEO alumni are asking for access to more Zoologic courses because they realize this knowledge gives them a substantial competitive edge, and we're happy to oblige."
The key component of the SEO program with Zoologic is a pre-internship, ten-week training period during which participants complete twelve to fourteen Zoologic courses. In addition, during the internship period, participants have access not only to Zoologic courses, but also to ZooFiRST, Zoologic's just-in-time financial reference tool. As a result of the ten-week program with Zoologic, interns are better prepared to add value to their banking work teams from the outset and throughout the internship period.
"SEO has done an outstanding job of effectively utilizing the Zoologic Learning Solutions," said Bill Stone, Chariman and CEO, SS&C Technologies, Inc. "Training organizations and traditional financial institutions experience quantifiable improvements in the quality of knowledge in their staff as a result of utilizing Zoologic courses."
Since adding Zoologic courses, SEO has experienced increased offer rates that can be directly correlated to the participation of the interns in the Zoologic curricula. Due to this overwhelming success, SEO has incorporated Zoologic's program globally to include both its European and Hong Kong programs. Especially of note, the intern group in Hong Kong received a 100% offer rate in 2006 using Zoologic, leading to double the number of interns in its program the following year.
As a result of the program's success, SEO has added Zoologic courses to its SEO-U, created to help potential interns become successful applicants of the SEO Career Program. Growth fueled by Zoologic's program has also encouraged several firms to join SEO as new corporate partners, which has created additional full-time employment opportunities for their interns.
About SS&C Technologies
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost-effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) financial institutions, 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) corporate treasury. Additional information is available at www.ssctech.com
SS&C's Zoologic Learning Solutions provides highest-quality, cost-effective learning solutions including web-based courseware, instructor-led training, blended learning, custom course development, and a knowledge-on-demand reference tool. Zoologic Learning Solutions currently serves the leading investment banks, commercial banks, brokerage firms, wealth management firms, insurance companies, governmental agencies, and universities in more than 45 countries.
About Sponsors for Educational Opportunity
Sponsors for Educational Opportunity is the nation's premiere summer internship program for talented students of color leading to full-time job offers. Since its inception, SEO's Career Program has placed over 4,500 Black, Hispanic/Latino, Asian, and Native American students in internships that lead to opportunities in exciting and rewarding careers in the most competitive industries worldwide. The SEO program is featured in Princeton Review's 109 Best Internships in America, and is a gateway to the most coveted and highest paying careers. SEO grooms its interns to excel in the workplace and become leaders in their communities who will give back and forge a path to success for the next generation. As a direct result of the Career Program and the high performance of its interns, SEO has significantly increased the number of people of color employed on Wall Street and by major corporations nationwide.
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