Regtech AxiomSL and trading, treasury and risk management platform Calypso Technology – which merged in July – have rebranded under the name Adenza, joining the likes of Finastra (formerly Misys), Alveo (formerly Asset Control) and others in settling on a synthetic term under which to operate as a fintech going forward. According to the company, the new name was formed from the words ‘add’ and ‘cadenza’ to reflect the mathematical elements associated with both companies as well as “the passion to passion to innovate, build market-leading products and consistently deliver value to customers.”
The July merger brings created an end-to-end platform for trading, treasury, risk management and regulatory compliance that can be deployed on-premise or on-cloud. The combined company’s target sales prospects include firms in banking, capital markets, treasury, enterprise risk, regulatory reporting and compliance.
Adenza is dual headquartered in London and New York City, with nearly 2,000 employees and more than 60,000 users. Didier Bouillard, Chief Executive Officer of Adenza, says the company’s remit is “to streamline customer value chains and equip them to rapidly adapt to changing regulations.”
According to Richard Bentley, Adenza’s Chief Product and Engineering Officer, “Both Calypso and AxiomSL have prioritized product investment over multiple decades. We recognize that this investment is driving more and more customers to select both platforms to support key worklows and streamline their IT infrastructure. We will continue to differentiate Adenza by the level of investment we make in R&D.”