SS&C Technologies Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle 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.