Private equity firm Genstar Capital (Genstar) has acquired capital markets risk technology company Numerix.
With more than 19 offices operating over 28 countries, Numerix has 225 clients, and 90 partners. Fintech-oriented Numerix specialises in the multi-asset class pricing market.
San-Francisco based Genstar is focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, and currently has approximately US$35 billion of assets under management.
Steven O’Hanlon, CEO and president of Numerix, says: “For over 20 years, we have worked tirelessly to provide the most sophisticated analytic and technology solutions available to capital market participants across the globe. Together with Genstar and their long track record in the financial services and software industries, we look forward to expanding our footprint across the entire value chain in the front-to-risk market, providing even greater value to our customers.”
Scott Niehaus, director of Genstar, comments: “Numerix is capitalising on several macro tailwinds including the digital transformation of capital markets, continued complex regulatory requirements, and substantial market volatility across asset classes and geographies. We are excited about the partnership with the Numerix management team as they help new and existing customers navigate these challenges.”
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