Adenza, a software company owned by Thoma Bravo, will be acquired by Nasdaq for $10.5 billion, making it the exchange operator’s largest acquisition to date and accelerating its drive to become a more tech-focused business. After legislation in 2005 allowed brokers to compete in the stocks trading industry, Nasdaq, like its competitors, went on an acquisition binge to broaden its portfolio of technology and intellectual property. Adenza specializes in end-to-end trading, treasury, risk management and regulatory compliance solutions.
Nasdaq to acquire financial software maker Adenza for $10.5 billion
