SS&C Completes Calastone Acquisition, Expanding Reach in Fund Connectivity and Alternatives Distribution

SS&C Technologies has completed its acquisition of Calastone, the London-based global funds network that automates fund trading, settlement, and data exchange for asset managers and distributors. The deal brings together Calastone’s transaction infrastructure, connecting over 4,000 organizations across 55 markets, with SS&C’s extensive software and data services footprint in fund administration, portfolio accounting, and investment operations. Calastone will continue operating within SS&C’s Global Investor and Distribution Solutions business, with its technology expected to expand automation and interoperability across the global funds ecosystem. 

For wealth platforms and model portfolio providers, the integration aligns closely with our “TAMPs as the Tip of the Alts Spear” theme. As turnkey asset management platforms look to lower friction in offering alternative investments, the combined capabilities of SS&C and Calastone could make alts distribution more scalable and transparent. By connecting custody, accounting, and fund trading infrastructure, the firms are positioned to serve as a bridge between traditional funds and the new digital distribution networks powering wealth management platforms. 

The transaction also illustrates the “Rise of Corporate Venture Capital” trend, where strategic acquisitions and minority investments are replacing pure venture funding as a path to innovation. SS&C’s deal underscores how incumbents are using M&A to gain early access to emerging technologies, road-map insights, and operational scale. For advisors and platform integrators, the move highlights continued consolidation among infrastructure providers driving toward fully connected, multi-asset distribution models.