AcadiaSoft acquires Quaternion, creating division for market standard risk calculators

AcadiaSoft announced it’s acquired capital markets consulting and software company Quaternion, carving out a dedicated division that will focus on providing derivatives market participants with a wide range of analytics and expert services. Financial details were not disclosed.

The Quaternion division will be led by its co-founders, CEO Donal Gallagher and CTO Roland Lichters with offices remaining in place, and its Ireland and Germany presence leveraged to serve the broader AcadiaSoft community within these regions.

AcadiaSoft CEO Chris Walsh said in a statement: “Quaternion has been a trusted partner in our risk mitigation and management offerings. Bringing these capabilities in-house will allow us to develop best-in-class products to optimize and centralize risk management. This exciting new chapter with Quaternion is a critical piece of the puzzle as we work towards creating an integrated, real-time risk management solution.”

The establishment of an Expert Services division will bring an experienced quantitative analyst team to the AcadiaSoft community, allowing clients to leverage domain expertise combined with a scalable product set. As the industry strives for more centralized and standardized risk services, AcadiaSoft clients will be able to leverage the Quaternion ORE open source framework to enable greater adoption of market standard risk calculators supporting initiatives like SIMM, SA-CCR, XVA calculation and other analytics services.

Previously, AcadiaSoft partnered with Quaternion on multiple products within the Risk Suite, including IM Risk Generator, IM Backtesting & Benchmarking, and CSA Valuation Service. Following the acquisition, these services will be an integral part of the AcadiaPlus platform.

Read the full release

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