Nasdaq to acquire Adenza for $10.5B

Adenza is a provider of risk management and regulatory software

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Nasdaq, the well-known tech company serving the financial system, has announced a definitive agreement to acquire Adenza from private equity firm Thoma Bravo.

Here are some key points:

• The acquisition is valued at $10.5 billion in cash and shares of common stock.

• Adenza is a provider of risk management and regulatory software for the financial services industry.

• The company, created through the merger of Calypso and AxiomSL, offers expertise and solutions in treasury management, risk management, and regulatory compliance. The addition aims to provide comprehensive support to Nasdaq clients.

• The transaction is expected to close within six to nine months, subject to regulatory approvals.