Financial services giant SS&C to shell out £766 million in an acquisition of Calastone, a leading global network for investment funds transactions.
In a move set to reshape the wealth and asset management landscape, SS&C Technologies and Calastone have announced plans to join forces, creating a unified, real-time platform. This strategic alignment aims to reduce cost and complexity across fund operations, accelerate the adoption of tokenisation technologies, and drive innovation and new digital capabilities.
The acquisition, projected to close in Q4 2025, is anticipated to bring significant benefits, particularly in the areas of tokenisation and operational efficiency. By leveraging Calastone’s global funds network, which connects over 4,500 financial organizations in 57 markets, SS&C Technologies expects to broaden distribution and investor reach.
SS&C Technologies' expertise in fund administration, transfer agency services, AI, and intelligent automation will be employed to improve the efficiency and intelligence of fund distribution and investment operations. This collaboration is expected to enhance operational scalability and reduce complexity across investment operations, delivering a unified, real-time operating platform that lowers cost, operational risk, and manual intervention.
The combined capabilities will also drive innovation and new digital capabilities that enable asset and wealth managers to diversify products and enhance investor servicing. Calastone aims to deliver these new digital capabilities to the market through its partnership with SS&C Technologies.
The deal, valued at approximately £766 million, is expected to be accretive within 12 months of closing. SS&C Technologies' global scale and expertise in fund services and technology will accelerate innovation for Calastone, ultimately accelerating the adoption of tokenisation technologies via Calastone’s technology solutions.
Fernando Chueca, from Carlyle Europe Technology Partners, who partnered with Calastone in 2020, is pleased to have supported Calastone during its growth period and believes the business is well-positioned for success. Julien Hammerson, CEO of Calastone, expresses excitement about the acquisition by SS&C Technologies, while Bill Stone, chairman and CEO of SS&C Technologies, expresses enthusiasm about the deal.
Barclays acted as Calastone's financial advisor for the transaction, and Linklaters and Mishcon De Reya provided legal counsel for Calastone during the transaction. Calastone will become part of SS&C's global investor and distribution solutions division.
In summary, the strategic alignment of SS&C Technologies and Calastone is expected to significantly advance tokenisation adoption and operational improvements in wealth and asset management globally. The combined strengths position the acquisition to deliver enhanced operational efficiency, increased connectivity and distribution, tokenisation and innovation, scalability and growth, and an automated and intelligent ecosystem.
This strategic merger between SS&C Technologies and Calastone, expected to complete in Q4 2025, aims to bolster advancements in the finance and technology sectors, particularly in asset management and business operations. The collaboration is anticipated to leverage Calastone's global network to broaden distribution and investor reach, while SS&C Technologies' expertise in fund administration, AI, and intelligent automation will enhance operational efficiency and innovation. The combined capabilities are expected to deliver a unified platform, driving growth, scalability, and the adoption of tokenisation technologies.
