Previously announced merger creates end-to-end trading, treasury, risk management and regulatory compliance platform
Following the merger of Calypso Technology and AxiomSL in July, the combined company today announced it will operate under the new name of: Adenza.
The new name is a combination of the words “add” and “cadenza”; “add” embodies the mathematical and analytical skills strongly associated with both Calypso and AxiomSL, while “cadenza” signifies the passion to innovate, build market-leading products and consistently deliver value to customers.
Adenza is unique in the industry, offering modern, fully integrated solutions which can be delivered on-premise or on-cloud. The breadth of Adenza’s offering allows customers across the banking, capital markets, treasury, enterprise risk, regulatory reporting and compliance verticals to streamline end-to-end workflows and achieve greater operational efficiencies.
Adenza is dual headquartered in London and New York City, with nearly 2,000 employees, more than 60,000 users, and a customer base spanning the world’s largest financial institutions.
"The Adenza name honors, celebrates and elevates the heritage of both Calypso and AxiomSL. The fusion of deep technical knowledge with the element of human passion, understanding and energy is what makes Adenza special. We are excited to embark on our next phase of growth as Adenza and deliver even greater value to our customers. Adenza is uniquely positioned to streamline customer value chains and equip them to rapidly adapt to changing regulations."
- Didier Bouillard, Chief Executive Officer at Adenza
"Both Calypso and AxiomSL have prioritized product investment over multiple decades. We recognize that this investment is driving more and more customers to select both platforms to support key workflows and streamline their IT infrastructure. We will continue to differentiate Adenza by the level of investment we make in R&D."
- Richard Bentley, Chief Product and Engineering Officer at Adenza
"Mission-critical platforms must continually evolve to take advantage of technology developments and to deliver new capabilities at optimal costs. Innovation and modernization has been at the top of the agenda for both Calypso and AxiomSL, and we will continue to innovate and leverage cutting-edge technologies to ensure Adenza’s customers have access to the latest developments in a timely fashion."
- Vlad Etkin, Chief Technology Officer at Adenza
ABOUT ADENZA
Adenza provides customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms which can be delivered on-premise or on-cloud. Adenza enables financial institutions to consolidate and streamline their operations with front-to-back solutions integrated with data management and reporting, benefitting from a single source of truth across the business.
With headquarters in London and New York, Adenza has more than 60,000 users across the world’s largest financial institutions spanning global and regional banks, broker dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearing houses, securities services providers and corporates.
Read the release on the Adenza website here.