Private equity firm Thoma Bravo LP has agreed to sell software company Adenza Group Inc. to Nasdaq Inc. in a $10.5 billion transaction, The Wall Street Journal reported on Monday.
The reported deal is potentially the biggest in Nasdaq's history and is expected to be officially announced later in the day. According to unnamed sources familiar with the companies' plans, Thoma Bravo will acquire a stake in Nasdaq as part of the agreement.
Thoma Bravo merged Calypso Technology Inc. and AxiomSL into Adenza nearly two years ago and aimed to "create one of the most unique and comprehensive cloud-based solution providers in the financial industry," according to a company statement released at the time.