DST Systems
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| Type | Public (NYSE: DST) |
|---|---|
| Founded | 1969 |
| Headquarters | Kansas City, Missouri |
| Key people | Thomas McDonnell (CEO), Thomas McCullough (COO), Kenneth Hager (CFO) |
| Revenue | ▲ 2,235.8 million USD (2006)[1] |
| Operating income | ▲ 305.3 million USD (2006)[1] |
| Net income | ▲ 272.9 million USD (2006)[1] |
| Employees | ~10,500 (2006)[1] |
| Website | www.dstsystems.com |
DST Systems Inc. (NYSE: DST) is a software development firm that specializes in information processing and management, with the goal of improving efficiency, productivity, and customer service. DST was founded in 1969 as a division of Kansas City Southern Industries, and is currently headquartered in Kansas City, Missouri.
DST Systems Inc. produces the AWD, or Automated Work Distributor, software package, which is a business process management solution. Its primary purpose is to increase back-office efficiency through workflow and imaging. It also helps to reduce paper in the office, moving businesses towards the paperless office.
DST Systems, Inc. is headed by CEO Thomas McDonnell, COO Thomas McCullough, and CFO Kenneth Hager. Internationally, many of DST Systems products are sold by its subsidiary DST Global Solutions.
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[edit] Competition
DST Systems main competition includes Envision Financial Systems, [PNC_Financial_Services#PNC_Global_Investment_Servicing|PFPC]], SunGard, Northern Trust and US Bancorp Fund Services. DST Systems also does business, through a joint venture with State Street Corporation, as Boston Financial Data Services [2] as well as International Financial Data Services [3] in Canada, the United Kingdom and beyond.
[edit] DST Global Solutions
DST Global Solutions is a subsidiary of DST Systems that provides software services to the investment industry, financial services industry and banking and workflow industries. It is the global provider of many of DST Systems' products world wide, such as AWD. It is also the vendor for systems such as HiPortfolio, a fund accounting software application.[4] DST Global Solutions has its headquarters in the London suburb of Surbiton, United Kingdom and 21 offices with over 1,700 staff and 700 clients based in 55 countries. [5]
The current chief executive officer is Tom Abraham, who took the position in 2007 from Mike Winn.
Due to the distributed nature of DST Global Solutions, it competes with a number of companies in each local region, but very few competitors in all areas. For example Sungard, SimCorp, Linedata Services are all global financial companies, but others, such as CRD and LatentZero have a limited presence outside of the United States and Europe. In Asia, DST competes with Polaris and Tata.
[edit] References
- ^ a b c d "Form 10-K: Annual Report 2006". secfilings.nyse.com. http://secfilings.nyse.com/filing.php?doc=1&attach=ON&ipage=4711802&repo=tenk. Retrieved on 2007-09-14.
- ^ [1]
- ^ [2]
- ^ Online summary
- ^ DST Financial Statement 2006
[edit] Further reading
- Huo, Jeremy. Asia Asset Management, May 2008
- Lepsch, Rhonda L. "The Changing landscape of fund administration technology", Asian Investor, November 2007
- Abraham, Tom. "Relieving the Pain Points." Global Custodian, June 2008
[edit] External links
- DST Systems Inc.
- DST Global Solutions
- Automated Work Distributor (AWD)
- DST Health Solutions
- Boston Financial Data Services
- International Financial Data Services
- State Street Corporation
- Valiante, Dave. "Australian Unity Investments Implements DSTi’s Front and Middle Office Solutions AUI using DSTi solutions to gain efficiency", Wall Street & Technology, June 23, 2008
