Thoma Bravo announced that Nasdaq has successfully concluded the acquisition of Adenza from Thoma Bravo. Adenza is recognized for delivering essential risk management, regulatory reporting, and capital markets software to the financial services sector, according to a press release by Thoma Bravo.
Nasdaq has restructured its corporate divisions to optimize the advantages gained from the acquisition of Adenza. The three aligned divisions include Capital Access Platforms, Market Services, and Financial Technology, with the latter comprising Capital Markets Technology and Regulatory Technology units, said Thoma Bravo.
“The acquisition of Adenza represents an important milestone in Nasdaq’s ongoing transformation, accelerating our vision to become the trusted fabric of the financial system,” said Adena Friedman, Chair and Chief Executive Officer of Nasdaq. “Nasdaq, with Adenza, is strongly positioned to deepen our strategic relationships with the world’s financial institutions. We are uniquely placed to help our clients navigate rapidly evolving changes in the capital markets and regulatory environment and address their most complex challenges across risk and crime management, compliance, and reporting,” according to a press release by Thoma Bravo.
The acquisition is anticipated to bolster Nasdaq's financial performance driving organic revenue growth and operational efficiency through synergies. With expected annual run-rate net expense synergies of $80 million within the first two years and long-term revenue synergies of $100 million. Nasdaq is committed to achieving targeted leverage ratios of 4.0x within 18 months and ~3.3x within 36 months post-acquisition said Thoma Bravo.
“Adenza has world-class products, a portfolio of mission-critical technology an excellent leadership team, and a culture of innovation that aligns exceptionally well with Nasdaq,” said Tal Cohen Co-President of Nasdaq.“We look forward to working together in the months to come ensuring a successful integration, and aligning our go-to-market approach to position us to solve our customers’ most pressing operational challenges across capital markets, risk management, and regulatory compliance,” according to a press release by Thoma Bravo.