Nasdaq to acquire financial services software company Adenza from Thoma Bravo for $10.5B
Summary
Nasdaq today revealed that it’s doling out $10.5 billion to acquire Adenza, a company that develops risk-management and related regulatory software for the financial services market. The private equity powerhouse snapped up AxiomSL in 2020 followed by Calypso Technology the following year, before merging the two companies under the new Adenza brand in late 2021. With dual headquarters in London and New York, Adenza serves banks, insurance firms, broker-dealers, and similar financial service companies with an end-to-end platform spanning everything from data management to reporting, available either via an on-premises installation or the cloud. With Adenza under its wing, Nasdaq — which operates three stock exchanges in the U.S. and seven in Europe — said it will be better positioned to provide “comprehensive support to financial institutions” across regulatory technology, compliance, and risk management. From fast-evolving global regulations to rapidly increasing pressures to modernize infrastructure, our clients are seeking trusted partners equipped to support them in this challenging environment.” Nasdaq said it expects to close the deal within the next nine months.
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