Nasdaq to buy financial software company Adenza in $10.5 billion cash-and-stock deal

Published June 12, 2023 3:49 AM

By MICHELLE CHAPMAN
AP Business Writer

Nasdaq is buying software company Adenza from software investment company Thoma Bravo in a cash-and-stock deal valued at $10.5 billion. The transaction includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock. Adenza was created through the combination of Calypso and AxiomSL. Calypso serves capital markets participants with end-to-end treasury, risk, and collateral management workflows, and AxiomSL supports financial institutions with leading regulatory and compliance software.

Article Topic Follows: AP National Business

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