SS&C said its purchase of London-based Calastone was financed through a mix of cash and debt.
Windsor-based SS&C Technologies Holdings Inc. said Tuesday it has completed a roughly $1.03 billion acquisition of a global fund-network and technology firm, from private-equity owner Carlyle.
SS&C said its purchase of London-based Calastone was financed through a mix of cash and debt.
Calastone’s 250 employees will join SS&C’s Global Investor & Distribution Solutions division, led by Nick Wright. The company operates in several global financial centers, including New York, Hong Kong, Singapore, Luxembourg and Sydney.
SS&C said the acquisition expands its fund-administration and transfer-agency services while improving automation and scalability for clients. The company expects the dea to be accretive to earnings within 12 months.
SS&C Technologies provides software and outsourcing services to financial-services and health-care firms. Calastone runs one of the world’s largest fund-transaction networks, processing more than $315 billion in trades monthly across 50 countries.
The deal marks the latest in a series of acquisitions by SS&C, which has been among the most active U.S. financial-technology firms on the mergers-and-acquisitions front in recent years.
