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Nasdaq today revealed that it\u2019s doling out $10.5 billion to acquire Adenza<\/a>, a company that develops risk-management and related regulatory software for the financial services market.<\/p>\n The megabucks deal, which constitues an even mix of cash and stock, will extend Nasdaq\u2019s serviceable addressable market (SAM) to $34 billion, the company said in\u00a0press release<\/a> today, $10 billion more than what it is today.<\/p>\n Adenza emerged from two acquisitions that Thoma Bravo made in the past couple of years. The private equity powerhouse snapped up<\/a> AxiomSL in 2020 followed by Calypso Technology the following year<\/a>, before merging the two companies<\/a> under a new brand in late 2021.<\/p>\n Adenza, which claims dual headquarters in London and New York, serves banks, insurance firms, broker-dealers, and similar financial service companies with an end-to-end platform spanning everything from data management to reporting, available either by an on-premises installation or the cloud.<\/p>\n With Adenza under its wing, Nasdaq \u2014 which operates three stock exchanges in the U.S. and seven in Europe \u2014 said it will be better positioned to provide \u201ccomprehensive support to financial institutions\u201d across regulatory technology, compliance, and risk management.<\/p>\n \u201cThis is an exceptional opportunity to acquire a leading software company that enhances Nasdaq\u2019s position at the heart of the global financial system,\u201d Nasdaq chair and CEO Adena Friedman said in a statement. \u201cThe acquisition of Adenza brings together two world-class franchises steeped in market infrastructure, regulatory, and risk management expertise at a time when financial institutions are navigating some of the most complex market dynamics in history. From fast-evolving global regulations to rapidly increasing pressures to modernize infrastructure, our clients are seeking trusted partners equipped to support them in this challenging environment.\u201d<\/p>\n Nasdaq said it expects to close the deal within the next nine months.<\/p>\n<\/p><\/div>\n