All articles tagged with #financial software
Maximor, founded by ex-Microsoft executives, has launched an AI-driven platform to replace Excel in finance teams, connecting directly to ERP and SaaS systems to automate reconciliation and close processes, significantly reducing month-end closing times and streamlining audits, with early adopters like Rently reporting halved closing days.
Nasdaq has agreed to acquire financial software company Adenza from private equity firm Thoma Bravo for $10.5 billion in cash and stock, marking the exchange operator's largest-ever deal. The acquisition is part of Nasdaq's efforts to build up its software business, which now accounts for more than a third of its annualized recurring revenues. Adenza provides software to banks, asset managers, exchanges, and other parts of the financial services industry that helps manage regulatory reporting, compliance, and risk management. The purchase requires regulatory approvals and other customary closing conditions and is expected to be completed within six to nine months.
Nasdaq has agreed to acquire Adenza, a financial software maker, in a $10.5 billion cash-and-stock deal. The acquisition is part of Nasdaq's efforts to transform into a more tech-centric company with steadier revenue.
Workday's stock is surging after the company reported better-than-expected Q1 earnings. The provider of enterprise HR and financial software beat estimates for the quarter ended April 30.