Thoma Bravo announces merger of AxiomSL and Calypso Technology

SaaS News -Thoma-Bravo-Announces-Merger-of-Calypso-Technology-and-AxiomSL (source: SaaS Industry)
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AxiomSL and Calypso Technology have merged, announces Thoma Bravo. Didier Bouillard, the current CEO of Calypso, will lead the new firm. Calypso and AxiomSL will form one of the most comprehensive cloud-based solution providers in the financial industry when they join forces.


Thoma Bravo, a software investment firm, has announced the merger of its portfolio company AxiomSL, and Calypso Technology Inc. This merger follows the acquisition of Calypso by Thoma Bravo. 

The combined company’s CEO will be Didier Bouillard, the present CEO of Calypso Technology. Alexander Tsigutkin, AxiomSL’s founder and CEO, will join the combined company’s board and remain an investor.

With more than 40,000 users in over 60 countries, Calypso Technology, Inc. is a cloud-enabled supplier of cross-asset front-to-back solutions and managed services for financial markets. AxiomSL, is a global provider of solutions and SaaS services, provides effective risk and regulatory data management and reporting for financial institutions.

We have long admired Calypso and its position as a leader in the global capital markets software space, and we are excited about the opportunity to provide the combined company’s customer base with a comprehensive platform to navigate the increasingly complex nexus of capital markets, banking, and regulation with greater transparency and agility.

Holden Spaht, a managing partner at Thoma Bravo

We look forward to partnering with Didier and the management team to apply our operational expertise and continue building on the great momentum both Calypso and AxiomSL have generated.

Holden Spaht, a managing partner at Thoma Bravo

Calypso and AxiomSL will join forces to form one of the complete cloud-based solution providers in the financial industry. The combination will streamline customers’ end-to-end workflows, bring them operational efficiencies, and strengthen a culture of customer-centric innovation to better serve financial institutions worldwide, with complete coverage for banking, capital markets, treasury, enterprise risk, regulatory reporting, and compliance.

We are excited to support the combination of two complementary financial technology leaders in large and growing markets with an opportunity to build something truly unique. Financial institutions are still in the early innings of technology modernization, and the combined company’s unique set of modern cloud product offerings coupled with the ever-evolving regulatory landscape should position the company for long-term growth for many years to come.

Brian Jaffee, a principal at Thoma Bravo

I couldn’t be more excited about bringing together two leading financial technology providers and leveraging the respective strengths of each company to drive greater value for our combined customers. Having built AxiomSL over the past 30 years, I’ve long admired Calypso’s growth journey and its modern suite of products and impressive customer base. I am thrilled to support AxiomSL’s next chapter of growth under Didier’s leadership and look forward to continuing my partnership with Thoma Bravo and the entire board of directors.

Mr. Tsigutkin, founder and CEO of AxiomSL

I am honored to serve as the Chief Executive Officer of this combined organization and look forward to bringing these two great companies together. I am excited by the opportunity to unite AxiomSL and Calypso to build a world-class software provider and to deliver even more value to our customers. The combined entity is uniquely positioned to support innovation, simplification, and modernization of our customers’ entire value chain while enabling them to rapidly adapt to changing regulations.

Mr. Bouillard, CEO of Calypso

The newly formed company will have dual headquarters in London and New York City, with nearly 2,000 employees, over 60,000 users, and a customer base that includes global and regional banks, broker-dealers, insurers, asset managers, pension funds, hedge funds, central banks, stock exchanges and clearinghouses, securities services providers, and corporates.

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