Nasdaq as we speak revealed that it’s doling out $10.5 billion to accumulate Adenza, an organization that develops risk-management and associated regulatory software program for the monetary providers market.
The megabucks deal, which constitues an excellent combine of money and inventory, will lengthen Nasdaq’s serviceable addressable market (SAM) to $34 billion, the corporate mentioned in press release as we speak, $10 billion greater than what it’s as we speak. The deal additionally sits among the many largest acquisitions of the yr thus far, second solely to Qualtrics’ $12.5 billion acquisition introduced a number of months again.
Two turn out to be one
Adenza emerged from two acquisitions that Thoma Bravo made previously few years. The private-equity powerhouse snapped up AxiomSL in 2020 adopted by Calypso Know-how the following year, earlier than merging the two companies beneath the brand new Adenza model in late 2021.
With twin headquarters in London and New York, Adenza serves banks, insurance coverage companies, broker-dealers, and related monetary service firms with an end-to-end platform spanning the whole lot from information administration to reporting, obtainable both by way of an on-premises set up or the cloud.
With Adenza beneath its wing, Nasdaq — which operates three inventory exchanges within the U.S. and 7 in Europe — mentioned it will likely be higher positioned to offer “complete assist to monetary establishments” throughout regulatory expertise, compliance and threat administration.
“That is an distinctive alternative to accumulate a number one software program firm that enhances Nasdaq’s place on the coronary heart of the worldwide monetary system,” Nasdaq chair and CEO Adena Friedman mentioned in a press release. “The acquisition of Adenza brings collectively two world-class franchises steeped in market infrastructure, regulatory, and threat administration experience at a time when monetary establishments are navigating a number of the most complicated market dynamics in historical past. From fast-evolving international rules to quickly growing pressures to modernize infrastructure, our purchasers are looking for trusted companions outfitted to assist them on this difficult setting.”
Nasdaq mentioned it expects to shut the deal throughout the subsequent 9 months.