Move Strengthens Numerix’s Risk Management Solutions and Fixed-Income Coverage
NEW YORK, Oct. 16, 2024 — Numerix, a leading provider of Front-to-Risk technology in the capital markets, has announced the acquisition of Kynex, a renowned financial platform specializing in convertible securities valuation, portfolio management, and trade flow/order management. This acquisition enhances Numerix’s asset class coverage and reinforces its leadership in pricing and risk management solutions.
Kynex’s established client base includes top-tier investment banks, asset managers, hedge funds, and broker-dealers. Its platform capabilities align perfectly with Numerix’s suite of Front-to-Risk solutions, furthering Numerix’s goal to provide comprehensive and sophisticated analytics that meet the evolving needs of global financial institutions.
Manny Conti, CEO of Numerix, expressed his excitement: “The acquisition of Kynex strengthens our expertise in convertibles and fixed-income markets. This partnership allows us to offer state-of-the-art analytic solutions that are finely tuned to our clients’ needs. The cultural alignment and shared values between Numerix and Kynex make this acquisition a perfect fit, and we are eager to seize the opportunities ahead.”
Kynex’s Managing Director, Ravi Arcot, echoed the sentiment, “We’re excited to join forces with Numerix. This partnership will enable us to drive innovation across financial markets and leverage Numerix’s resources to accelerate growth and expand our services.”
For further information, please contact the Numerix sales team.
About Numerix
Since 1996, Numerix has been a pioneer in financial technology, offering cutting-edge quantitative analytics and software for pricing and risk management. Numerix’s global presence and strategic acquisitions, including FINCAD and PolyPaths, empower financial institutions to confidently turn risk into opportunity.
About Kynex
Kynex provides a comprehensive platform for convertible securities, corporate instruments, interest rate products, and risk management, with powerful tools for portfolio managers, traders, and risk professionals.
About Genstar Capital
Genstar Capital is a leading private equity firm with over 30 years of experience investing in high-quality companies, managing approximately $49 billion in assets. It focuses on sectors like financial services, healthcare, and software.
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The article is about Numerix acquiring another Fintech platform which will strengthen its capital markets offering. Please let us know what doubts you have?