Adenza

Adenza Group, Inc.

Company type	Subsidiary
Industry	Financial software
Predecessor	Calypso Technology, AxiomSL
Founded	1997 (1997)
Founder	Charles Marston, Kishore Bopardikar
Headquarters	London and New York City , United Kingdom, United States
Area served	Global (20 offices across 18 countries)
Products	Trading and risk management platforms, Bank-in-a-Box
Parent	Nasdaq, Inc.

Adenza Group, Inc. is a provider of software solutions focused on capital markets, investment management, central banking, risk oversight, clearing, collateral management, as well as treasury and liquidity functions. Its comprehensive trading and risk management platforms are utilized by banks and various financial institutions.

Previously operating under the names Calypso Technology and AxiomSL, Adenza was acquired by Nasdaq, Inc. in November 2023.

History

Calypso Technology was established in 1997 by Charles Marston and Kishore Bopardikar, with headquarters located in London and New York City. In June 2016, private equity firms Bridgepoint Capital and Summit Partners took ownership of the company. With a presence spanning over 20 offices across 18 countries, the firm underwent rebranding to become Adenza in 2023.

Developed entirely in Java, Calypso’s software supports front-, middle-, and back-office operations, allowing financial institutions to unify their infrastructure within a single platform. Their leading product, Bank-in-a-Box, integrates software solutions with a Target Operating Model designed to handle all asset classes through pre-configured workflows aligned with industry best practices.

In July 2017, Calypso acquired a minority interest in Sernova Financial. Later, in March 2021, Thoma Bravo completed the purchase of Calypso for $3.7 billion. Nasdaq announced its acquisition of Adenza in June 2023 for $10.5 billion in cash and stock—a transaction that marked the largest acquisition in the history of the US exchange operator—and finalized the deal in November.