SS&C Technologies Finalizes $1.03B Acquisition of Calastone
The deal unites SS&C's fund administration services with Calastone's extensive global funds network, promising enhanced efficiency and automation for the asset management industry.
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has officially completed its acquisition of Calastone, the largest global funds network, in a deal valued at approximately $1.03 billion. The transaction, which was funded through a combination of cash and debt, is expected to be accretive to SS&C's adjusted earnings per share.
The acquisition marks a significant strategic move for SS&C, a major player in the financial services software and services industry. By integrating Calastone's extensive network, which connects over 4,500 clients in 58 countries, SS&C aims to create a comprehensive, one-stop solution for fund managers, distributors, and transfer agents. The move is set to enhance SS&C's offerings in global fund operations and transfer agency services, leveraging Calastone's expertise in AI-driven automation to streamline processes and reduce operational costs for clients. , the combined entity will provide a unified, real-time operating platform, mitigating complexity and risk in the global funds ecosystem.
Calastone, which processes over £250 billion in investment value monthly, brings a wealth of experience and a robust technological infrastructure to the table. The company's 250 employees will join SS&C's Global Investor & Distribution Solutions division, with the goal of fostering innovation and delivering enhanced value to clients. The , is poised to reshape the landscape of the asset management industry by providing clients with improved distribution channels, enhanced investor servicing, and greater operational scalability. as a way for SS&C to solidify its position as a leader in financial technology and to capitalize on the growing demand for digitized and automated solutions in the fund industry.