Nasdaq is set to acquire Adenza, a financial services risk management and regulatory software provider, for $10.5 billion. The acquisition will enhance Nasdaq’s platforms, expand its global client base, and provide support to financial institutions.
Facts
- Nasdaq is acquiring Adenza for $10.5 billion, consisting of $5.75 billion in cash and 85.6 million shares of Nasdaq common stock.
- The acquisition will expand Nasdaq’s liquidity and integrity platforms, equipping it with risk management, regulatory, compliance, and capital markets software.
- Adenza will help Nasdaq establish a multi-asset class, full trade lifecycle platform with regulatory technology solutions, benefiting financial institutions.
- The companies aim to leverage their complementary platforms to serve a global client base, combining Adenza’s European banking partnerships with Nasdaq’s strong presence in North America and Asia Pacific.
- Adenza was formed through the merger of Calypso and AxiomSL, providing treasury, risk, and collateral management workflows, and regulatory compliance software.
- The transaction is subject to regulatory approvals and closing conditions, with an expected timeframe of six to nine months.
