Acadiasoft Acquisition, Valuation, Funding & Investors

Acadiasoft was acquired by London Stock Exchange Group for $830M in December 2022, a 19.3x multiple on $43M of revenue.

Acadiasoft acquisition price

$830M

Acquired by London Stock Exchange Group · Dec 2022

Acadiasoft revenue at acquisition

$43M

Last twelve months · Dec 2022

Acadiasoft revenue multiple at acquisition

19.3x

EV/Revenue · Dec 2022

Cumulative funding Acadiasoft raised

$54M

across 2 funding rounds

Acadiasoft Overview

About Acadiasoft

Acadiasoft is a risk management software provider for financial institutions. Headquartered in the United States, it delivers tools for model development, validation, analytics, and open-source risk engines. Services support Basel compliance and portfolio optimization via acadia.inc.


Founded

2005

HQ

United StatesBoston, MA

Website

acadia.inc

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$43M (Dec 2022)

Valuation

$830M (acquired Dec 2022)

Acadiasoft Acquisition

Acadiasoft was acquired by London Stock Exchange Group for $830M on 19 December 2022.

The acquisition price implies a 19.3x revenue multiple on $43M of revenue.

Before the acquisition Acadiasoft had raised $54M across 2 funding rounds.

London Stock Exchange Group (LSEG) agreed on December 19, 2022, to acquire the remaining 84.33% stake in AcadiaSoft, Inc., a leading provider of automated uncleared margin processing, integrated risk, and optimisation services for the global derivatives community, for approximately $700 million. LSEG had held a 15.67% minority stake since 2018. AcadiaSoft enables over $1 trillion in collateral exchanges daily and complements LSEG's post-trade capabilities in the uncleared derivatives space, enhancing risk management, margining, and collateral services while maintaining an open model for customer choice. The transaction strengthens LSEG's multi-asset post-trade offering and provision of systemically important financial market infrastructure. AcadiaSoft's CEO Chris Walsh will report to LSEG's Group Head of Post Trade, Daniel Maguire, following completion. The deal closed at the end of March 2023 after regulatory approval, furthering LSEG's strategy to expand in non-cleared derivatives amid ongoing margin rules impacting dealer and buy-side communities.

Acadiasoft acquisition details
AcquirerDateTypePriceEV/Revenue
19 Dec 2022Strategic M&A$830M19.3x

Acadiasoft Funding History

Acadiasoft has raised a total of $54M across 2 funding rounds.

Acadiasoft's first fundraising round was a $30M undisclosed-stage round in July 2015. The most recent completed round was a $24M undisclosed-stage round in July 2018.

Acadiasoft funding rounds

Acadiasoft funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2018Undisclosed stage-$24M-
Jul 2015Undisclosed stageNEX Opportunities; NEX Group; Citigroup; Société Générale; UBS; Euroclear; BNP Paribas Private Equity; DTCC$30MAcadiaSoft is a financial technology company focused on margin automation and collateral management for financial institutions. Founded in 2005, the company provides solutions that enable market participants to communicate exposure, commitments, and adjustments between counterparties in a secure, verifiable manner. The AcadiaSoft community has grown to over 700 firms automating the margin process for more than 200,000 agreements and moving $400 billion in collateral daily. In July 2015, AcadiaSoft completed a funding round raising $30 million. The round included investors BNP Paribas, Citigroup, The Depository Trust & Clearing Corporation (DTCC), Euroclear, and others as confirmed in multiple sources. The company's revenue model is based primarily on subscription services and transactional fees associated with its risk management solutions, with flagship offerings including the IM Risk Generator and Capital Calculation Service. AcadiaSoft was later acquired by London Stock Exchange Group plc in December 2022 to enhance LSEG's multi-asset post-trade offering.

Who has invested in Acadiasoft?

8 investors have backed Acadiasoft across its funding rounds, including Citigroup, UBS, BNP Paribas Private Equity, Société Générale, NEX Opportunities and NEX Group.


Acadiasoft Investors

Investors in Acadiasoft by funding rounds participated
InvestorHQRoundsRoleFirst check
NEX OpportunitiesUnited KingdomLondon1ParticipantJul 2015
NEX GroupUnited KingdomLondon1ParticipantJul 2015
CitigroupUnited StatesSan Antonio, TX1ParticipantJul 2015
Société GénéraleFranceParis1ParticipantJul 2015
UBSSwitzerlandZurich1ParticipantJul 2015
EuroclearBelgiumBrussels1ParticipantJul 2015

This data is available for Pro users. Sign up to see all 8 Acadiasoft investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Acadiasoft

Acadiasoft has acquired 2 companies to date.

Last acquisition by Acadiasoft was on February 4th 2021. Acadiasoft acquired Quaternion Risk Management for undisclosed valuation.


Latest Acquisitions by Acadiasoft

Quaternion Risk Management
ProtoColl
Description
Quaternion Risk Management is a Dublin-headquartered and London-based consultancy firm founded in 2002 that delivers quantitative modeling, software implementation, and advisory services for capital markets risk, trading, and finance. The firm supports tier-1 investment banks with pricing engines for derivatives including XVA calculations, FRTB-compliant risk systems, and SA-CCR solutions amid regulatory changes. Projects encompass front-office trading platform migrations, middle-office risk analytics overhauls, and back-office process reorganizations during mergers or market stress. Partners from JP Morgan and Lehman Brothers backgrounds lead hands-on engagements ensuring timely delivery of production-ready systems across Europe and North America.
ProtoColl is a software provider offering a centralized collateral management platform for financial institutions. Its exception-based workflow handles margin calls, triparty processing, and dispute resolution across derivatives, securities lending, and repo markets. Deployed by banks and asset managers in Europe and Asia, the system integrates with DTCC and Eurex for real-time valuations. London-headquartered, it supports multi-currency operations and regulatory compliance under EMIR and Dodd-Frank.
HQ CountryIrelandUnited States
HQ City
Dublin
New York City, NY
Deal Date4 Feb 202121 Nov 2016
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Acadiasoft acquisitions and their M&A valuation multiples.

Start Free Trial

Acadiasoft Competitors

Acadiasoft competitors include listed companies like HCR Co and Shanghai DZH, and private ones like Elliptic, Capitolis, Codat and Proof.

Public and private companies comparable to Acadiasoft
CompanyHQStatusRevenueEBITDAValuation
EllipticUnited KingdomLondonPrivate--$670M
CapitolisUnited StatesUnited StatesPrivate--$1.6B
CodatUnited KingdomLondonPrivate--$825M
ProofUnited StatesBoston, MAPrivate--$760M
HCR CoChinaChinaPublicly listed$75M($3M)$354M
Shanghai DZHChinaChinaPublicly listed$123M($545K)$2.4B

Acadiasoft Public Comps

Acadiasoft is no longer listed, but its public comps include CARE Ratings, GlobalData, Finatext, Value Line, HCR Co, CTOS Digital, NZX, Fintel, National Securities and Servyou Software Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CARE Ratings$49M$21M9.2x9.9x21.5x20.5x
GlobalData$433M$140M1.7x1.7x5.3x5.0x
Finatext$71M$13M6.3x5.4x34.1x-
Value Line$33M$29M8.5x-10.0x-
HCR Co$75M($3M)3.3x-(84.3x)-
CTOS Digital$80M$28M4.4x4.1x12.6x15.6x
NZX$74M$30M4.0x3.4x9.8x9.2x
Fintel$115M$18M2.7x2.8x17.3x8.4x

This data is available for Pro users. Sign up to see all Acadiasoft competitors and their valuation data.

Start Free Trial

Common questions about Acadiasoft

When was Acadiasoft founded?Acadiasoft was founded in 2005.
Where is Acadiasoft headquartered?Acadiasoft is headquartered in Boston, MA, United States.
Is Acadiasoft publicly listed?No, Acadiasoft was acquired by London Stock Exchange Group in December 2022.
Who acquired Acadiasoft?Acadiasoft was acquired by London Stock Exchange Group in December 2022.
How much was Acadiasoft acquired for?Acadiasoft was acquired for $830M in December 2022, a 19.3x revenue multiple.
How much funding has Acadiasoft raised?Acadiasoft has raised $54M across 2 funding rounds.
What was Acadiasoft's last funding round?Acadiasoft's last funding round was a $24M undisclosed-stage round in July 2018.
Who are Acadiasoft's investors?Acadiasoft's investors include NEX Opportunities, NEX Group, Citigroup, Société Générale, UBS, Euroclear, BNP Paribas Private Equity and DTCC.
Which companies are comparable to Acadiasoft?Companies comparable to Acadiasoft include Elliptic, Capitolis, Codat, Proof, HCR Co and Shanghai DZH.
How many companies has Acadiasoft acquired?Acadiasoft has acquired 2 companies, including Quaternion Risk Management and ProtoColl.

See companies similar to Acadiasoft

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial