Numerix, a leading capital markets Front-to-Risk technology provider, is pleased to announce the acquisition of Kynex, a market leading 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, confirming Numerix’s position as a leading provider of pricing and risk management solutions.
Kynex has an established client base comprised of the industry’s most respected names, including investment banks, asset managers, hedge funds and broker-dealers. Kynex’s platform capabilities align seamlessly 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.
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Manny Conti, CEO of Numerix, shared his enthusiasm for the acquisition, stating, “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, expressed excitement about the acquisition, “We are thrilled to be joining Numerix. 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.”
Source: PRNewswire