Previously known as AxiomSL and Calypso Technology, the company had its acquisition by Nasdaq, Inc. completed in November 2023. [1]
History
Dual headquartered in London and New York City,[2] Calypso Technology was founded in 1997 by Charles Marston and Kishore Bopardikar.[3] It was acquired by private equity firms Bridgepoint and Summit Partners in June 2016.[4] The company has over 20 offices in 18 countries. The company changed its name to Adenza in 2023.[5]
Calypso's software is written entirely in Java and serves front office, middle office, and back office functions, allowing financial institutions to consolidate their infrastructure on a single platform. Their flagship product, Bank-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.[citation needed]
In July 2017, Calypso completed the acquisition of a minority stake in Sernova Financial.[6] In March 2021, Thoma Bravo bought Calypso from its then owners for $3.7bn.[7]
In June 2023, Nasdaq, 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.[8] The acquisition was completed in November.
