SS&C Technologies Holdings, Inc., a global provider of software and services for the financial services and healthcare industries, has announced a definitive agreement to acquire Calastone, a leading fund network headquartered in London, for $1.03 billion.
The acquisition is set to significantly bolster SS&C’s global footprint in asset management and fund distribution. Calastone operates the largest global funds network, connecting over 3,000 clients across more than 80 markets and enabling frictionless transaction processing for fund managers, transfer agents, and financial institutions.
The deal aligns with SS&C’s broader strategy to expand its suite of end-to-end technology-driven solutions delivered across the investment lifecycle. With Calastone’s innovative digital infrastructure and network capabilities, SS&C will enhance its capabilities in fund order routing, settlement, and post-trade processing.
In a statement, SS&C Chairman and CEO Bill Stone said, “Calastone is a strategic and complementary acquisition that expands our client base and adds valuable technology and capabilities to our global fund ecosystem. We are looking forward to welcoming the Calastone team to SS&C.”
Julien Hammerson, CEO of Calastone, commented, “Joining SS&C will allow us to accelerate our innovation and growth agenda and bring even greater efficiency to the world’s fund industry. Our shared vision and commitment to delivering technology-led fund services make this an exciting opportunity for our employees and clients.”
The transaction is expected to close in the second half of 2024, subject to regulatory approvals and customary closing conditions. Upon closing, Calastone’s approximately 500 employees are expected to join SS&C.
SS&C Technologies is one of the world’s largest fund administrators and a key player in investment and financial management technologies. The acquisition of Calastone represents the company’s continued investment in expanding digital infrastructure and strengthening its position in global financial markets.
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