Adenza

Last updated
Adenza Group, Inc.
Formerly
  • AxiomSL
  • Calypso Technology
Company type Private
Industry
Founded1997;27 years ago (1997)
Headquarters
Number of locations
22 offices (2019)
Products Software
Owner
Website adenza.com

Adenza 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. [1]

History

Dual headquartered in London and New York City, [2] Calypso Technology was founded in 1997 by Charles Marston and Kishore Bopardikar. [3] It was acquired by private equity firms Bridgepoint and Summit Partners in June 2016. [4] The company has over 20 offices in 18 countries. The company changed its name to Adenza in 2023. [5]

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 ]

In July 2017, Calypso completed the acquisition of a minority stake in Sernova Financial. [6] In March 2021, Thoma Bravo bought Calypso from its then owners for $3.7bn. [7]

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. [8] The acquisition was completed in November.

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References

  1. "Nasdaq Completes Acquisition of Adenza". Nasdaq. Retrieved 2023-12-01.
  2. Thomson, Amy; Doherty, Katherine (2023-06-12). "Nasdaq agrees to buy Thoma Bravo's Adenza for US$10.5 billion". BNN Bloomberg.
  3. "50 Charles Marston". Institutional Investor . Retrieved 2023-06-01.
  4. "Calypso Technology Acquired by 2 Private Equity Firms - WatersTechnology.com". WatersTechnology.com. 2016-04-19. Retrieved 2018-05-31.
  5. "Adenza Limited Filing History". gov.uk . Retrieved 2023-06-18.
  6. "Calypso Completes Acquisition of Minority Stake in Sernova Financial | Finance Magnates". Finance Magnates | Financial and business news. 2017-07-24. Retrieved 2017-11-15.
  7. Mathews, Eva (2021-03-22). "Thoma Bravo to buy online trading co Calypso Technology". Reuters.
  8. Gara, Antoine; Hughes, Jennifer; Paolo Mancini, Donato (June 12, 2023). "Nasdaq to buy Adenza for $10.5bn in US exchange operator's biggest deal". Financial Times.