Nasdaq acquires Adenza for USD 10 billion

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Nasdaq will acquire Adenza from Thoma Bravo for USD 10 billion, strengthening its position as a technology company serving the global financial system.

Adenza was formed by the merger of the treasury management company Calypso and the regulatory software provider AxiomSL. According to the company, the addition of Adenza complements Nasdaq’s Marketplace Technology and Anti-Financial Crime solutions and expands its regulatory technology, compliance, and risk management system offerings.

Through functional alignment, product rationalization, location optimization, and consolidation of vendors and real estate, the market operator anticipates achieving USD 80 million in run-rate net expense synergies by the end of year two.

Read More: Nasdaq acquires Adenza for $10 billion

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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