Early Life
William Charles Stone, known as Bill Stone, was born and raised in Evansville, Indiana. He graduated from Reitz Memorial High School in 1973, where he was an athlete and captain of the football team. Stone earned a Bachelor of Business Administration from Marquette University in 1977.
Rise to Success
Stone began his career in 1977 at KPMG, a financial services consultancy. In 1986, at the age of 30, Stone founded SS&C Technologies in Connecticut with about $20,000 saved from his previous job. He initially started the company with just four employees. SS&C Technologies went public in 1996 and again in 2010. Stone has served as the CEO and Chairman of the Board of Directors of SS&C Technologies since its founding. He also served in various other roles within the company.
Key Business Strategies
Key business strategies employed by Stone included focusing on software and services for the financial services industry. Through his leadership, SS&C Technologies expanded its services, including outsourcing and fund administration, and grew its global presence with offices worldwide. Stone took the company private in 2005 and then public again in 2010. He has also focused on innovation and strategic acquisitions to expand SS&C's product offerings.
Philanthropy
Stone and his wife, Mary, have been involved in philanthropic endeavors. They donated $15 million towards a multi-institutional initiative in downtown Evansville, the Stone Family Center for Health Sciences. They also helped fund the Patricia Browning Stone Sensory Playground at St. Vincent's Center for Children in Evansville and gifted $34.2 million to establish the Mary O'Daniel Stone and Bill Stone Center for Child and Adolescent Psychiatry at IU School of Medicine-Evansville.
