Numerix announced the acquisition of Kynex, a financial platform known for its expertise in convertible securities valuation, portfolio and risk management, and trade flow/order management. This strategic acquisition further extends Numerix’s asset class coverage. Financial details were not disclosed in the announcement.
Kynex has an established client base comprised of investment banks, asset managers, hedge funds and broker-dealers. The platform capabilities align with Numerix’s suite of Front-to-Risk solutions. This acquisition enhances Numerix’s leadership in providing best-in-class analytics, solidifying its commitment to delivering comprehensive and sophisticated solutions that meet the evolving needs of financial institutions worldwide.
Manny Conti, CEO of Numerix, said in a statement: “Acquiring Kynex enhances our expertise in convertibles and fixed income markets. By bringing together the strengths of Numerix and Kynex, we can provide state-of-the-art Front-to-Risk analytic solutions tailored to meet the evolving needs of our clients. The strong cultural alignment and shared values between Numerix and Kynex make this partnership a perfect fit, and we are excited about the opportunities ahead.”
Ravi Arcot, managing director of Kynex, said in a statement: “We see immense potential in our combined expertise to drive innovation across the financial markets. We look forward to leveraging Numerix’s resources to accelerate our growth and further extend the reach of our service.”