Nasdaq acquires Adenza

 

Nasdaq is acquiring financial risk software company Adenza in its largest-ever purchase.  Nasdaq is paying $10.5B to further expand into more stable revenue streams like data and risk management. The financial services corporation made a cash-and-stock purchase from private equity group Thoma Bravo to help it advance its offerings in regulatory technology and compliance, and it would utilize the software to aid in risk management.  Thoma Bravo will receive $5.75B in cash from Nasdaq and an equity stake of about 15% of the company, valued at $5B. The deal was made, in part, to help banks cope with increasing demands of compliance and regulation. Nasdaq's stock was lower midday after the announcement of the acquisition. Adenza also includes AxiomSL and Calypso Technology, two well-known names in tech.