SS&C Technologies Holdings has acquired Calastone, a global funds network and a technology provider to the wealth and asset management industries, in a deal worth $1.03 billion.
SS&C Technologies Holdings has acquired Calastone, a global funds network and a technology provider to the wealth and asset management industries, in a deal worth $1.03 billion.
Windsor-based SS&C, which provides services and software for the financial services and healthcare industries, bought the company from global investment firm Carlyle.
Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney, and employs 250 people. It’s been owned by Carlyle since 2020.
Its network connects more than 4,500 of the world’s leading financial organizations across 57 markets.
The acquisition is expected to close in the fourth quarter of 2025, subject to regulatory approvals. SS&C says it is funding the purchase with a combination of debt and cash on hand.
“Together, we will create a more connected, automated, and intelligent global fund ecosystem — reducing complexity, enhancing client experience, and shaping the future of distribution and investment operations,” said Bill Stone, chairman and CEO of SS&C.
The acquisition bolsters the Connecticut company’s ongoing geographic expansion. SS&C has more than 22,000 client companies in financial services and healthcare.
