Today, Nasdaq acquired Adenza, a financial services risk-management and regulatory software company, for $10.5 billion.
Nasdaq announced today that the megabucks purchase, an equitable mix of cash and stock, will increase its serviced addressable market (SAM) by $10 billion to $34 billion.
Two Thoma Bravo acquisitions created Adenza. The private equity firm acquired AxiomSL in 2020 and Calypso Technology in 2021, uniting them under a new name in late 2021.
Adenza, headquartered in London and New York, provides a complete data management and reporting platform for banks, insurance companies, broker-dealers, and other financial service companies.
Adenza will help Nasdaq, which manages three U.S. stock exchanges and seven in Europe, give “comprehensive support to financial institutions” in regulatory technology, compliance, and risk management.
“This is an exceptional opportunity to acquire a leading software company that enhances Nasdaq’s position at the heart of the global financial system,” said Nasdaq chair and CEO Adena Friedman. “The acquisition of Adenza brings together two world-class franchises steeped in market infrastructure, regulatory, and risk management expertise at a time when financial institutions are navigating some of the most complex market dynamics in history.
Our clients need reliable partners to help them navigate quickly changing international legislation and infrastructure modernization. Nasdaq anticipates closing the purchase in nine months.