About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Nasdaq Enters Definitive Agreement to Acquire Adenza, Plans Expansion of Regtech Reach

Subscribe to our newsletter

Nasdaq has entered a definitive agreement to acquire Adenza, a provider of risk management and regulatory solutions, from software investment firm Thoma Bravo. The $10.5 billion cash and shares deal will significantly increase Nasdaq’s offerings across regulatory technology, compliance, and risk management, and complement its marketplace technology and anti-financial crime solutions. It will also expand the company’s customer base and strengthen its geographic footprint.

Adenza was created through the July 2021 merger and rebrand of RegTech AxiomSL and trading, treasury and risk management platform Calypso Technology. It offers an end-to-end platform for trading, treasury, risk management and regulatory compliance that can be deployed on premise or in the cloud.

With dual headquarters in London and New York, Adenza has more than 60,000 users worldwide and will extend Nasdaq’s access to the European banking sector and build on its strength in North America and Asia-Pacific. Nasdaq and Adenza also bring together complementary capabilities in asset classes to address the spectrum from OTC fixed income to listed equities.

“The addition of Adenza introduces a fast-growing $10 billion serviceable addressable market to Nasdaq,” says Tal Cohen, president of market platforms at Nasdaq. “Since the implementation of Dodd-Frank in 2010, banks have increased their compliance costs by more than $50 billion per year. With Adenza, we will have a more complete suite of essential software and technology solutions that make managing risks and complying with regulations simpler and more efficient.”

Adenza CEO Didier Bouillard, says: “This transaction is an endorsement of the entire Adenza team and what we have built with Thoma Bravo, from our market-leading products to the immense value we have delivered for our customers. Together with Nasdaq, we will be in an even stronger position to take advantage of growing market opportunities and provide customers with expanded solutions to solve their most complex problems.”

Adenza’s estimated revenue of $590 million in 2023 is expected to enhance Nasdaq’s financial profile by increasing the revenue of its solutions businesses from 71% of total revenue to an estimated 77% in 2023.

The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close within six to nine months.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Effective due diligence, screening and monitoring to mitigate financial crime risk

Date: 24 September 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Managing financial crime risk requires a comprehensive approach to due diligence, screening, and continuous monitoring. Financial institutions face increasing regulatory scrutiny and staying compliant in today’s dynamic environment requires advanced technologies. Failure to comply is resulting in severe enforcement...

BLOG

Addressing the Global Refit with deltaconX

ESMA has opted for a big-bang approach to the EMIR Refit, as have the regulators behind similar mandates in the UK and across the Asia-Pacific region. The approach has left many firms scrambling to meet tight and onerous compliance deadlines. “It has been a humbling period for many firms, dealing with the isolating challenges of...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

The Data Management Challenges of Client Onboarding and KYC

This special report accompanies a webinar we held on the popular topic of The Data Management Challenges of Client Onboarding and KYC, discussing the data management challenges of client onboarding and KYC, and detailing new technology solutions that have the potential to automate and streamline onboarding and KYC processes. You can register here to get immediate...