Appointment of Fresh Leadership in IDnow to Propel AI-Centric Identity Approach Forward
SS&C Technologies, a leading provider of financial services software and software-enabled services, has announced its acquisition of Calastone, a global funds network, for approximately £766 million (around US$1.03 billion). The strategic move is designed to enhance distribution and operational capabilities, expand market reach, and accelerate innovation in the global asset management and fund administration sectors.
The acquisition aims to create a more connected, automated, and intelligent global fund ecosystem by integrating Calastone's network with SS&C's existing solutions. This will enable asset and wealth managers to benefit from enhanced distribution, investor servicing, and operational scalability. Calastone's infrastructure, which automates trading, settlement, and distribution processes, will be combined with SS&C's capabilities in fund administration, transfer agency services, and automation.
By acquiring Calastone, SS&C Technologies gains access to a wide network of over 4,500 financial organizations across 57 markets, expanding its global reach and strengthening its position in the fund administration and asset management sectors. The combination of SS&C's global scale and Calastone's innovative technology solutions is expected to accelerate innovation and deliver new digital capabilities to the market.
Upon completion, Calastone will become part of SS&C's Global Investor and Distribution Solutions division. The integration is expected to be accretive within 12 months, contributing positively to SS&C's financial performance. The combined group intends to offer a unified platform to reduce operational complexity and cost for clients.
For Calastone, the acquisition offers enhanced scale and resources, allowing it to accelerate its growth and innovation plans. The deal positions Calastone as part of a larger, more diversified financial technology company, potentially leading to increased market influence and client offerings. Calastone's CEO, Julien Hammerson, expressed that this acquisition by SS&C Technologies is a proud moment, marking a significant step forward in the company's journey.
The acquisition is subject to regulatory approvals and is expected to close in the fourth quarter of 2025. The deal is taking place in London and Connecticut. Since the partnership, Calastone has expanded its international operations and product offerings, including services for ETFs and digital assets. The featured image credit for this article is edited by the platform Switzerland, based on an image by pressfoto via Freepik.
Bill Stone, Chairman and CEO of SS&C Technologies, expressed that Calastone's network and platform will be combined with SS&C's capabilities to create a more connected, automated, and intelligent global fund ecosystem. The acquisition is a result of Calastone's partnership with The Carlyle Group, which acquired a majority stake in the company in 2020.
In conclusion, the acquisition of Calastone by SS&C Technologies is a strategic move that leverages synergies between the two companies, creating a more robust and competitive player in the global asset management and fund administration sectors. The deal is expected to enhance SS&C's technological capabilities and operational scale within the global asset and wealth management ecosystem, while providing Calastone with access to greater resources and a broader global platform to accelerate its growth and innovation plans.
- The strategic acquisition of Calastone by SS&C Technologies, a leader in financial services software, aims to create a more intelligent and automated global fund ecosystem by merging Calastone's network with SS&C's existing solutions.
- With this acquisition, SS&C Technologies expands its global reach, gaining access to over 4,500 financial organizations across 57 markets, and strengthening its position in the fund administration and asset management sectors.
- The combination of SS&C's global scale and Calastone's innovative technology solutions is expected to accelerate innovation and deliver new digital capabilities to the market, positioning Calastone as part of a larger, more diversified financial technology company.
