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SS&C Technologies to Buy Calastone From Carlyle for About $1 Billion

SS&C Technologies to Buy Calastone From Carlyle for About $1 Billion

SS&C Technologies SSNC 0.18%increase; green up pointing triangle Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle CG 0.10%increase; green up pointing triangle Group for roughly $1 billion.
SS&C, a provider of software for the financial-services and healthcare industries, on Monday said it will pay about 766 million pounds ($1.03 billion) for London-based Calastone, which operates a global funds network that connects more than 4,500 financial organizations across 57 markets.
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