Software investment firm Thoma Bravo has announced the merger of Calypso Technology and its existing portfolio company AxiomSL, provider of regulatory reporting and risk management solutions for financial institutions.
The merger follows the completion of Thoma Bravo’s previously announced acquisition of Calypso. The combination of Calypso and AxiomSL is set to create a comprehensive cloud-based solution provider for the financial industry.
With complete coverage for banking, capital markets, treasury, enterprise risk, regulatory reporting and compliance, the combined company will streamline customers’ end-to-end workflows.
According to Thoma Bravo, this will bring operational efficiencies, and strengthen a culture of customer-centric innovation to better serve financial institutions globally.
Didier Bouillard, current CEO of Calypso Technology, will serve as CEO of the new company. Alexander Tsigutkin, founder and CEO of AxiomSL, will join the board of directors and remain an investor in the company.
The newly formed company will be dual headquartered in London and New York City, have almost 2,000 employees, more than 60,000 users, and a large customer base.
Holden Spaht, a managing partner at Thoma Bravo, says: “We have long admired Calypso and its position as a leader in the global capital markets software space, and we are excited about the opportunity to provide the combined company’s customer base with a comprehensive platform to navigate the increasingly complex nexus of capital markets, banking, and regulation with greater transparency and agility.”
Alex Tsigutkin, founder and CEO of AxiomSL, comments: “I am thrilled to support AxiomSL’s next chapter of growth under Didier Bouillard’s leadership and look forward to continuing my partnership with Thoma Bravo and the entire board of directors.”
Bouillard adds: “I am excited by the opportunity to unite AxiomSL and Calypso to build a world-class software provider, and to deliver even more value to our customers.”
“The combined entity is uniquely positioned to support innovation, simplification, and modernisation of our customers’ entire value chain while enabling them to rapidly adapt to changing regulations.”
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