SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced its plan to acquire Calastone, a global leader in fund technology and wealth management solutions. The agreement, valued at approximately £766 million (US $1.03 billion), is subject to regulatory approval.

Based in London, Calastone runs the world’s largest funds network, connecting over 4,500 financial institutions across 57 global markets. This acquisition will support SS&C’s ongoing expansion in investment operations and is expected to close by Q4 2025.

SS&C intends to finance the acquisition using a mix of debt and available cash. Once the deal finalizes, over 250 Calastone employees from cities including London, New York, Hong Kong, Singapore, and Sydney will integrate into SS&C Global Investor & Distribution Solutions under Nick Wright’s leadership.

“We look forward to welcoming Julien, the Calastone team, and their clients to SS&C,” said SS&C Chairman and CEO Bill Stone. “This partnership will enhance our fund technology offerings and create a smarter, more connected global fund ecosystem.”

The acquisition reinforces SS&C’s goal of transforming investment operations. Calastone’s automated platform aligns well with SS&C’s leadership in fund administration, AI-driven solutions, and digital transformation.

Together, both firms aim to simplify wealth management solutions, reduce risk, and drive scalable investor servicing. Their unified technology will support real-time fund distribution and investment operations across geographies.

Julien Hammerson, CEO of Calastone, expressed confidence in the move: “SS&C’s scale and expertise will accelerate our innovation in fund technology. We’re excited to collaborate and deliver transformative services to global asset managers.”

Fernando Chueca of Carlyle’s Europe Technology Partners added, “We’re proud to have guided Calastone’s growth. Its platform stands out in automated wealth management solutions, and SS&C is the ideal partner for its next stage.”

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News Source: Businesswire.com