SS&C Technologies strengthens its global fund services by acquiring Calastone in a £766 million ($1.03 billion) transaction to drive automation, AI, and distribution innovation.
Highlights:
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Major acquisition: SS&C Technologies has agreed to acquire London-based Calastone from private equity firm Carlyle for approximately £766 million ($1.03 billion), subject to regulatory approval.
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Global network integration: Calastone’s platform connects over 4,500 financial institutions across 57 markets and handles more than £250 billion in investment value monthly—assets SS&C will integrate into its investor and distribution solutions division.
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Strategic synergy: The acquisition boosts SS&C’s strengths in fund administration, transfer agency services, AI, and intelligent automation, aiming to reduce complexity, enhance scalability, and improve operational efficiency in the global fund ecosystem.
Summary:
SS&C Technologies Holdings has entered into a definitive agreement to acquire Calastone—a leading global funds network operator—for approximately £766 million (about $1.03 billion). Calastone, based in London, serves more than 4,500 asset managers and distributors across 57 markets and processes over £250 billion in investment volume each month. Once approved, Calastone’s team and technology will join SS&C’s Global Investor & Distribution Solutions unit.
This strategic acquisition aims to unite Calastone’s blockchain-enabled transaction infrastructure with SS&C’s expertise in fund administration, AI, and automation to create a unified, intelligent platform that streamlines fund operations and improves service delivery. The deal is expected to close by Q4 2025 and become accretive within a year.
