Adenza

{{Infobox company

| name = Adenza Group, Inc.

| logo = Adenza-Corporate.png

| logo_size = 200px

| type = Private

| former_name = {{ubl|AxiomSL|Calypso Technology}}

| industry = {{Unbulleted list|Fintech|Information technology}}

| products = Software

| foundation = {{Start date and age|1997}}

| hq_location = {{Unbulleted list|London, UK|New York City, US}}

| num_locations = 22 offices (2019)

| owner = {{Unbulleted list|class=nowrap|Bridgepoint Capital (2016–2021)|Summit Partners (2016–2021)|Thoma Bravo (2021–2023)|Nasdaq, Inc. (2023-Present)}}

| homepage = {{url|adenza.com}}

}}

Adenza Group, Inc. is a software application provider specializing in capital markets, investment management, central banking, risk management, clearing, collateral and treasury & liquidity. Their integrated suite of trading and risk applications is used by banks and other financial companies.

Previously known as AxiomSL and Calypso Technology, the company had its acquisition by Nasdaq, Inc. completed in November 2023. {{Cite web|url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-completes-acquisition-adenza|title=Nasdaq Completes Acquisition of Adenza|work=Nasdaq|access-date=2023-12-01|language=en-US}}

History

Dual-headquartered in London and New York City,{{cite web |last=Thomson |first=Amy |last2=Doherty |first2=Katherine |date=2023-06-12 |title=Nasdaq agrees to buy Thoma Bravo's Adenza for US$10.5 billion |url=https://www.bnnbloomberg.ca/nasdaq-agrees-to-buy-thoma-bravo-s-adenza-for-us-10-5-billion-1.1931934 |work=BNN Bloomberg}} Calypso Technology was founded in 1997 by Charles Marston and Kishore Bopardikar.{{Cite web|url=https://www.institutionalinvestor.com/article/b150z4xh5vrssf/50-charles-marston|title=50 Charles Marston|website=Institutional Investor|access-date=2023-06-01}} It was acquired by private equity firms Bridgepoint and Summit Partners in June 2016.{{Cite news|url=https://www.waterstechnology.com/sell-side-technology/news/2455048/calypso-technology-acquired-by-2-private-equity-firms|title=Calypso Technology Acquired by 2 Private Equity Firms - WatersTechnology.com|date=2016-04-19|work=WatersTechnology.com|access-date=2018-05-31|language=en}} The company has over 20 offices in 18 countries. The company changed its name to Adenza in 2023.{{Cite web|url=https://find-and-update.company-information.service.gov.uk/company/04015697/filing-history|title=Adenza Limited Filing History|website=gov.uk|access-date=2023-06-18}}

Calypso's software is written entirely in Java and serves front office, middle office, and back office functions, allowing financial institutions to consolidate their infrastructure on a single platform. Their flagship product, Bank-in-a-Box, bundles the software with a Target Operating Model for the processing of all asset classes, as well as pre-configured business workflows and market best practices.{{Citation needed|date=September 2024}}

In July 2017, Calypso completed the acquisition of a minority stake in Sernova Financial.{{Cite news|url=https://www.financemagnates.com/institutional-forex/technology/calypso-completes-acquisition-minority-stake-sernova-financial/|title=Calypso Completes Acquisition of Minority Stake in Sernova Financial {{!}} Finance Magnates|date=2017-07-24|work=Finance Magnates {{!}} Financial and business news|access-date=2017-11-15|language=en-US}} In March 2021, Thoma Bravo bought Calypso from its then owners for $3.7bn.{{cite news |last=Mathews |first=Eva |date=2021-03-22 |title=Thoma Bravo to buy online trading co Calypso Technology |url=https://www.reuters.com/technology/thoma-bravo-buy-online-trading-co-calypso-technology-2021-03-22/ |publisher=Reuters}}

In June 2023, Nasdaq, Inc. announced that it had agreed to acquire Adenza in a $10.5 billion cash-and-stock deal, the biggest for the US exchange operator to date.{{cite web|url=https://www.ft.com/content/bf188909-6577-404b-89c2-79a8261e2e0e|title=Nasdaq to buy Adenza for $10.5bn in US exchange operator's biggest deal |date=June 12, 2023 |work=Financial Times |last1=Gara |first1=Antoine |last2=Hughes |first2=Jennifer |last3=Paolo Mancini |first3=Donato}} The acquisition was completed in November.

References

Category:Financial services companies established in 1997

Category:Software companies established in 1997

Category:Financial software companies

Category:Financial services companies based in London

Category:Financial services companies based in New York City

Category:2016 mergers and acquisitions

Category:2021 mergers and acquisitions

Category:2023 mergers and acquisitions

Category:Private equity portfolio companies