SS&C takes Calastone – Financial Newswire | Australian Markets
US financial providers technology company SS&C has again expanded its world presence, this time by way of the acquisition of large world funds and technology options supplier Calastone.
The two firms introduced in a single day that SS&C had acquired Calastone in a transaction valued at round US$1.03 billion.
SS&C has turn into a growing presence in Australia however the latest transaction reinforces its world attain.
The announcement describes the transaction as representing a vital milestone for Calastone which is able to now operate as half of SS&C’s Global Investor & Distribution Solutions Division.
It stated this could enable the mixed group to additional scale innovation, service supply and operational effectivity throughout the worldwide wealth and asset management ecosystem.
Calastone chief govt, Julien Hammerson described the transaction as a proud second for everybody at Calastone.
“SS&C’s global scale and deep expertise across fund services and technology will enable us to accelerate innovation and deliver new digital capabilities to the market. We look forward to working together to deliver transformational services to asset and wealth managers and drive growth. I am immensely grateful to the entire Calastone team for their dedication and to our clients for their continued trust.”
SS&C’s chairman and chief govt, Bill Stone stated Calastone had constructed an spectacular community and platform.
“Together we will create a more connected, automated and intelligent global fund ecosystem. This combination reinforces our commitment to delivering innovative, scalable solutions to reduce complexity and enhance outcomes for the asset and wealth management industry”.
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