M&A Deal Summary

London Stock Exchange Group Acquires Axoni - Veris post-trade processing business

On September 16, 2024, London Stock Exchange Group acquired software company Axoni - Veris post-trade processing business from Axoni

Acquisition Highlights
  • This is London Stock Exchange Group’s 2nd transaction in the Software sector.
  • This is London Stock Exchange Group’s 7th transaction in the United States.
  • This is London Stock Exchange Group’s 3rd transaction in New York.

M&A Deal Summary
Date 2024-09-16
Target Axoni - Veris post-trade processing business
Sector Software
Buyer(s) London Stock Exchange Group
Sellers(s) Axoni
Deal Type Divestiture

Target

Axoni - Veris post-trade processing business

New York, New York, United States
Axoni's Veris post-trade processing business is a post-trade reconciliation and lifecycle management platform for equity swaps. Axoni's Veris post-trade processing business is based in New York City.

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Buyer(S) 1

Buyer

London Stock Exchange Group

London, United Kingdom
Category Company
Founded 1698
Sector Financial Services
Employees25,608
Revenue 8.4B GBP (2023)
DESCRIPTION

London Stock Exchange Group is a diversified international exchange Group. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's fixed income market; and the pan-European equities platform, Turquoise. Through its markets, the Group offers international business, and investors, unrivalled access to Europe's capital markets. London Stock Exchange Group was founded in 1698 and is based in London, United Kingdom.

DEAL STATS #
Overall 10 of 10
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (New York) 3 of 3
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 AcadiaSoft

Norwell, Massachusetts, United States

AcadiaSoft is a provider of margin automation and standards for counterparties engaged in collateral management. AcadiaSoft allows market participants to communicate vital information on exposures, commitments and adjustments between counterparties in a complete, verifiable and secure manner. AcadiaSoft is based in Norwell, Massachusetts.

Buy -

Seller(S) 1

SELLER

Axoni

New York, New York, United States
Category Company
Founded 2013
Sector Software
DESCRIPTION

Axoni is a technology firm that specializes in blockchain infrastructure whose clients include many of the world’s largest financial institutions and capital markets infrastructure companies. Axoni was founded in 2013 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

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