Adenza

Capital Markets IT and DLT expert Jean Safar joins NowCM as Group CTO

Retrieved on: 
Tuesday, February 6, 2024
Partnership, Infrared spectroscopy correlation table, Growth, Lehman Brothers, AI, Environment, Machine learning, Distributed ledger, Adenza, DLT, Automation, Digital asset, Architecture, Artificial intelligence, Dresdner Bank, UBS, Cryptocurrency

LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.

Key Points: 
  • LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.
  • Jean spent 2 years at Digital Asset as its Field CTO managing the architecture and implementation of the largest production-based Canton DLT and Canton Network projects across Asia, Europe, and the USA.
  • Notably, Jean will be dedicating his efforts to cutting-edge areas such as AI and DLT (Distributed Ledger Technology).
  • Jean Safar added: "I look forward to working with Robert, his co-founders, and the exceptional team of advisors and experts.

Capital Markets IT and DLT expert Jean Safar joins NowCM as Group CTO

Retrieved on: 
Tuesday, February 6, 2024
Partnership, Infrared spectroscopy correlation table, Growth, Lehman Brothers, AI, Environment, Machine learning, Distributed ledger, Adenza, DLT, Automation, Digital asset, Architecture, Artificial intelligence, Dresdner Bank, UBS, Cryptocurrency

LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.

Key Points: 
  • LUXEMBOURG, Feb. 6, 2024 /PRNewswire/ -- Jean Safar, renowned for his expertise in designing and implementing cutting-edge distributed systems, is appointed as Group Chief Technology Officer (CTO) at NowCM.
  • Jean spent 2 years at Digital Asset as its Field CTO managing the architecture and implementation of the largest production-based Canton DLT and Canton Network projects across Asia, Europe, and the USA.
  • Notably, Jean will be dedicating his efforts to cutting-edge areas such as AI and DLT (Distributed Ledger Technology).
  • Jean Safar added: "I look forward to working with Robert, his co-founders, and the exceptional team of advisors and experts.

Nasdaq Completes Acquisition of Adenza

Retrieved on: 
Wednesday, November 1, 2023
Partner (business rank), Adena, Acquisition, Agricultural Marketing Service, Software, Workflow, Fintech, Thoma Bravo, Risk management, Risk, NDAQ, Ecosystem, Trade Services Utility, Regulatory technology, Culture, Fine chemical, Management, Cryptocurrency, Index, Adenza

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm.

Key Points: 
  • NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm.
  • “The acquisition of Adenza represents an important milestone in Nasdaq’s ongoing transformation, accelerating our vision to become the trusted fabric of the financial system,” said Adena Friedman, Chair and Chief Executive Officer, Nasdaq.
  • “Nasdaq, with Adenza, is strongly positioned to deepen our strategic relationships with the world’s financial institutions.
  • “Adenza has world-class products, a portfolio of mission-critical technology, an excellent leadership team, and a culture of innovation that aligns exceptionally well with Nasdaq,” said Tal Cohen, Co-President, Nasdaq.

Nasdaq Reports Third Quarter 2023 Results; Broad-Based Growth Drives Solutions Businesses Revenue Acceleration

Retrieved on: 
Wednesday, October 18, 2023
Google Marketing Platform, IPO, Sale, ARR, DoorDash, Health, Share repurchase, Carbon, Disclosure, FX, GAAP, Acquisition, Chair, E-CORCE, CBL, AUM, Nature, Environment, Verafin, Growth, Partnership, CO2, Nasdaq MarketSite, CFO, Movement, Initial public offering, Roper Technologies, Video game, Retail, Cryptocurrency, Bank, Pharmaceutical industry, Commercial property, Security (finance), Index, Adenza

Adena Friedman, Chair and CEO said, “Our third quarter 2023 results reflect Nasdaq’s solid execution amid a continued dynamic economic and capital markets backdrop.

Key Points: 
  • Adena Friedman, Chair and CEO said, “Our third quarter 2023 results reflect Nasdaq’s solid execution amid a continued dynamic economic and capital markets backdrop.
  • Solutions Businesses revenues were $694 million in the third quarter of 2023, an increase of $55 million, or 9% with organic growth of 8%.
  • Trading Services net revenues were $236 million in the third quarter of 2023, a decrease of $3 million, or 1%.
  • Nasdaq expects to close the deal in the fourth quarter of 2023 as it expands its capabilities in solving its customers largest challenges.

Nasdaq Announces CFO Transition

Retrieved on: 
Tuesday, August 29, 2023
JPMorgan Chase, Youngwood, Pennsylvania, NDAQ, Credit Suisse, Acquisition, United Community Bank, Consumer, UBS, Knowledge, Management, Adenza

NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced the appointment of Sarah Youngwood as Executive Vice President and Chief Financial Officer, effective December 1, 2023.

Key Points: 
  • NEW YORK, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced the appointment of Sarah Youngwood as Executive Vice President and Chief Financial Officer, effective December 1, 2023.
  • Youngwood will succeed Ann Dennison, who has held the role since 2021 and will remain at the company until the end of the year to ensure an orderly transition.
  • “I would like to thank Ann for her eight years of service to Nasdaq and the significant contributions she has made to the company, including transforming our global Finance function and playing a key role in the announced acquisition of Adenza, an important and transformative acquisition for the company,” said Adena Friedman, Chair and Chief Executive Officer, Nasdaq.
  • Sarah has served in many high-profile leadership roles at UBS and JPMorgan Chase, and her expertise in technology transformation, in-depth knowledge of global financial institutions, and first-hand experience with investors will make her an invaluable addition to the Nasdaq leadership team.”

Nasdaq Reports Second Quarter 2023 Results; Consistent Execution Drives Solid Revenue Growth

Retrieved on: 
Wednesday, July 19, 2023
Treasury, Software as a service, Partnership, Share repurchase, Google Marketing Platform, Tier 2, DCV, Risk management, GAAP, Movement, Verafin, AUM, Acquisition, Risk, FX, Nature, ARR, Initial public offering, CFO, Growth, ESG, Health, Chair, Video game, Cryptocurrency, Bank, Pharmaceutical industry, Security (finance), Adenza, Index, B3

*Net revenues include Other revenues of $1 million in the second quarter of 2023 and $4 million in the second quarter 2022.

Key Points: 
  • *Net revenues include Other revenues of $1 million in the second quarter of 2023 and $4 million in the second quarter 2022.
  • Solutions Businesses revenues were $674 million in the second quarter of 2023, an increase of $37 million, or 6% with organic growth also of 6%.
  • Trading Services net revenues were $250 million in the second quarter of 2023, a decrease of $2 million, or 1%.
  • The company did not repurchase any of its common stock during the second quarter of 2023.

Nasdaq, Inc. Prices $4.25 Billion and €750 Million Senior Notes Offerings

Retrieved on: 
Friday, June 23, 2023
Attention, Communication, Dollar, Post office box, 8-K, Offerings, Telephone, Government Legal Department, BofA Securities, Nasdaq, Inc., PO, Business transaction management, Morgan Stanley, J.P. Morgan & Co., NDAQ, EDGAR, Government, Sale, Goldman Sachs, 3rd Floor, Prospectus, Acquisition, Euro, DCM, Madison Avenue, Merrill (company), D.2, Form 10-K, Hand, Legal Department (Hong Kong), Security (finance), Adenza, Nordea

Each Offering is expected to close on June 28, 2022, subject to customary closing conditions.

Key Points: 
  • Each Offering is expected to close on June 28, 2022, subject to customary closing conditions.
  • Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC are acting as joint book-running managers for the Dollar Offering.
  • The Offerings will be made pursuant to an effective shelf registration statement, previously filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Company disclaims any obligation to update these forward-looking statements, except as required by law.

Nasdaq, Inc. Announces Proposed Senior Notes Offerings

Retrieved on: 
Tuesday, June 20, 2023
Attention, Communication, Dollar, Goldman, Post office box, 8-K, Offerings, Telephone, Government Legal Department, BofA Securities, Nasdaq, Inc., PO, Business transaction management, Morgan Stanley, J.P. Morgan & Co., NDAQ, EDGAR, Government, Sale, 3rd Floor, Prospectus, Acquisition, Euro, DCM, Madison Avenue, Merrill (company), D.2, Form 10-K, Hand, Legal Department (Hong Kong), Security (finance), Adenza, Nordea

NEW YORK, June 20, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it plans to offer, subject to market and other conditions, U.S. dollar-denominated senior notes (the “Dollar Offering”) and euro-denominated senior notes (the “Euro Offering” and, together with the Dollar Offering, the “Offerings”).

Key Points: 
  • NEW YORK, June 20, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it plans to offer, subject to market and other conditions, U.S. dollar-denominated senior notes (the “Dollar Offering”) and euro-denominated senior notes (the “Euro Offering” and, together with the Dollar Offering, the “Offerings”).
  • The Offerings will be made pursuant to an effective shelf registration statement, previously filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).
  • Forward-looking statements in this press release include, among other things, statements about the Offerings, the Company’s plans, objectives, expectations and intentions, the financial condition, results of operations and business of the Company and the proposed acquisition of Adenza.
  • The Company disclaims any obligation to update these forward-looking statements, except as required by law.

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

Retrieved on: 
Monday, June 12, 2023
Heart, Calypso, Rationalization, LLP, Kirkland & Ellis, Barclays, Google Marketing Platform, Qatalyst Partners, Risk management, JPMorgan Chase, J.P. Morgan & Co., NDAQ, History, Goldman Sachs, Citigroup, EBITDA, Jefferies Group, Acquisition, Risk, HSBC, Thoma Bravo, Webcast, Artificial intelligence, Wachtell, Lipton, Rosen & Katz, EPS, Chase Bank, Secularity, Dodd–Frank Wall Street Reform and Consumer Protection Act, SAM, Environment, Software, Cryptocurrency, Security (finance), Sales, Fine chemical, Adenza, Evercore

NEW YORK, June 12, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ), a technology company serving the global financial system, today announced it has entered into a definitive agreement to acquire Adenza, a provider of mission-critical risk management and regulatory software to the financial services industry, from Thoma Bravo, a leading software investment firm, for $10.5 billion in cash and shares of common stock. The acquisition accelerates Nasdaq’s strategic vision to become the trusted fabric of the world’s financial system. Upon the closing of the transaction, Holden Spaht, a Managing Partner at Thoma Bravo, is expected to be appointed to Nasdaq’s Board of Directors, which will be expanded to twelve members.

Key Points: 
  • The acquisition accelerates Nasdaq’s strategic vision to become the trusted fabric of the world’s financial system.
  • Adenza is a fast-growing software company created through the combination of two highly respected and well-recognized global brands – Calypso and AxiomSL.
  • With Adenza, Nasdaq will also be able to provide comprehensive support to financial institutions, establishing a multi-asset class, full trade lifecycle platform with unmatched regulatory technology solutions.
  • “This is an exceptional opportunity to acquire a leading software company that enhances Nasdaq’s position at the heart of the global financial system,” said Adena Friedman, Chair and Chief Executive Officer, Nasdaq.