# Adenza

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> Source: https://en.wikipedia.org/wiki/Adenza
> Source revision: 1356300005
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{{Short description|Capital markets software company}}
{{Infobox company
| name = Adenza Group, Inc.
| logo = Adenza-Corporate.png
| logo_size = 200px
| type = [Private](/source/Privately_held_company)
| former_name = {{ubl|AxiomSL|Calypso Technology}}
| industry = {{Unbulleted list|[Fintech](/source/Fintech)|[Information technology](/source/Information_technology)}}
| products = [Software](/source/Software)
| founded = {{Start date and age|1997}}
| hq_location = {{Unbulleted list|[London](/source/London), UK|[New York City](/source/New_York_City), US}}
| num_locations = 22 offices (2019)
| owner = {{Unbulleted list|class=nowrap|[Bridgepoint Capital](/source/Bridgepoint_Capital) (2016–2021)|[Summit Partners](/source/Summit_Partners) (2016–2021)|[Thoma Bravo](/source/Thoma_Bravo) (2021–2023)|[Nasdaq, Inc.](/source/Nasdaq%2C_Inc.) (2023-Present)}}
| website = {{url|adenza.com}}
}}
'''Adenza Group, Inc.''' is a [software application](/source/Application_software) provider specializing in [capital market](/source/capital_market)s, [investment management](/source/investment_management), central banking, [risk management](/source/risk_management), [clearing](/source/clearing_(finance)), collateral and treasury & liquidity. Their integrated suite of trading and risk applications is used by banks and other financial companies.

Previously known as AxiomSL and [Calypso Technology](/source/Calypso_Technology), the company had its acquisition by [Nasdaq, Inc.](/source/Nasdaq%2C_Inc.) completed in November 2023. <ref>{{Cite web|url=https://ir.nasdaq.com/news-releases/news-release-details/nasdaq-completes-acquisition-adenza|title=Nasdaq Completes Acquisition of Adenza|work=Nasdaq|access-date=2023-12-01|language=en-US}}</ref>

==History==
Dual-headquartered in [London](/source/London) and [New York City](/source/New_York_City),<ref>{{cite web |last=Thomson |first=Amy |last2=Doherty |first2=Katherine |date=2023-06-12 |title=Nasdaq agrees to buy Thoma Bravo's Adenza for US$10.5 billion |url=https://www.bnnbloomberg.ca/nasdaq-agrees-to-buy-thoma-bravo-s-adenza-for-us-10-5-billion-1.1931934 |work=BNN Bloomberg}}</ref> Calypso Technology was founded in 1997 by Charles Marston and Kishore Bopardikar.<ref>{{Cite web|url=https://www.institutionalinvestor.com/article/b150z4xh5vrssf/50-charles-marston|title=50 Charles Marston|website=[Institutional Investor](/source/Institutional_Investor_(magazine))|access-date=2023-06-01}}</ref> It was acquired by [private equity](/source/private_equity) firms [Bridgepoint](/source/Bridgepoint_Capital) and [Summit Partners](/source/Summit_Partners) in June 2016.<ref>{{Cite news|url=https://www.waterstechnology.com/sell-side-technology/news/2455048/calypso-technology-acquired-by-2-private-equity-firms|title=Calypso Technology Acquired by 2 Private Equity Firms - WatersTechnology.com|date=2016-04-19|work=WatersTechnology.com|access-date=2018-05-31|language=en}}</ref> The company has over 20 offices in 18 countries. The company changed its name to Adenza in 2023.<ref>{{Cite web|url=https://find-and-update.company-information.service.gov.uk/company/04015697/filing-history|title=Adenza Limited Filing History|website=[gov.uk](/source/gov.uk)|access-date=2023-06-18}}</ref>

Calypso's software is written entirely in [Java](/source/Java_(programming_language)) and serves [front office](/source/front_office_(finance)), [middle office](/source/middle_office), and [back office](/source/back_office) functions, allowing financial institutions to consolidate their infrastructure on a single platform. Their flagship product, [Bank-in-a-Box](/source/Band-in-a-Box), bundles the software with a Target Operating Model for the processing of all asset classes, as well as pre-configured business workflows and market best practices.<ref>{{Cite web |title=Calypso adds ‘bank-in-a-box’ for capital markets |url=https://www.fintechfutures.com/bankingtech/calypso-adds-bank-in-a-box-for-capital-markets |access-date=2025-09-16 |website=www.fintechfutures.com |language=en}}</ref><ref>{{Cite web |last=DerivSource |date=2015-06-02 |title=Calypso Introduces Bank-in-a-Box for Capital Markets |url=https://derivsource.com/2015/06/02/calypso-introduces-bank-in-a-box-for-capital-markets/ |access-date=2025-09-16 |website=Derivsource |language=en-US}}</ref>

In July 2017, Calypso completed the acquisition of a minority stake in Sernova Financial.<ref>{{Cite news|url=https://www.financemagnates.com/institutional-forex/technology/calypso-completes-acquisition-minority-stake-sernova-financial/|title=Calypso Completes Acquisition of Minority Stake in Sernova Financial {{!}} Finance Magnates|date=2017-07-24|work=Finance Magnates {{!}} Financial and business news|access-date=2017-11-15|language=en-US}}</ref> In March 2021, [Thoma Bravo](/source/Thoma_Bravo) bought Calypso from its then owners for $3.7bn.<ref>{{cite news |last=Mathews |first=Eva |date=2021-03-22 |title=Thoma Bravo to buy online trading co Calypso Technology |url=https://www.reuters.com/technology/thoma-bravo-buy-online-trading-co-calypso-technology-2021-03-22/ |publisher=Reuters}}</ref>

In June 2023, [Nasdaq, Inc.](/source/Nasdaq%2C_Inc.) announced that it had agreed to acquire Adenza in a $10.5 billion cash-and-stock deal, the biggest for the US exchange operator to date.<ref>{{cite web|url=https://www.ft.com/content/bf188909-6577-404b-89c2-79a8261e2e0e|title=Nasdaq to buy Adenza for $10.5bn in US exchange operator's biggest deal |date=June 12, 2023 |work=Financial Times |last1=Gara |first1=Antoine |last2=Hughes |first2=Jennifer |last3=Paolo Mancini |first3=Donato}}</ref> The acquisition was completed in November 2023.<ref>{{cite web |title=Exchange evolution: Nasdaq president Tal Cohen on why fintech is now mission critical |url=https://euromoney.com/article/2ebdds6k1uzwmiu2h6j9d/capital-markets/exchange-evolution-nasdaq-president-tal-cohen-on-why-fintech-is-now-mission-critical |website=Euromoney |author=Laurie McAughtry |date=2025-01-22 |access-date=2025-12-03}}</ref>

In 2025, Nasdaq completed the integration of Adenza as part of its strategy to expand beyond exchange operations and position itself as a diversified technology company.<ref name=morningstar>{{cite web |title=Nasdaq Integrates Adenza as It Pursues Its Vision of Becoming a Diversified Technology Company |url=https://www.morningstar.com/company-reports/1315066-nasdaq-integrates-adenza-as-it-pursues-its-vision-of-becoming-a-diversified-technology-company |website=Morningstar |author=Michael Miller |date=2025-07-24 |access-date=2025-12-03}}</ref>

==References==
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Category:Financial services companies established in 1997
Category:Software companies established in 1997
Category:Financial software companies
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Category:Financial services companies based in New York City
Category:2016 mergers and acquisitions
Category:2021 mergers and acquisitions
Category:2023 mergers and acquisitions
Category:Private equity portfolio companies

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Adapted from the Wikipedia article [Adenza](https://en.wikipedia.org/wiki/Adenza) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Adenza?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.