NASDAQ (NDAQ) Acquires Adenza from Thoma Bravo for $10.5B Cash and Stock

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Nasdaq Accelerates Its Transformation as a Leading Technology Provider to the Global Financial System with the Acquisition of Adenza from Thoma Bravo

June 12, 2023 6:00 AM EDT

Acquisition of premium software and technology company expands Nasdaqs liquidity and integrity platforms with leading risk management, regulatory, and capital markets software and technology solutions

Delivers high-growth, high-margin, recurring revenue, increasing Nasdaqs Solutions Businesses medium-term organic revenue growth outlook by 100 basis points to 8-11%

Brings a loyal and growing client base with 98% gross and 115% net revenue retention and increases Nasdaqs Solutions Businesses to 77% of total revenue, from 71% today

Adds a $10 billion serviceable addressable market (SAM), growing 8% per year, increasing Nasdaqs SAM... More