Numerix, a leader in risk management technology for financial markets, is excited to announce its acquisition of PolyPaths, a well-known provider of analytics and risk management solutions for financial institutions.
With this acquisition, Numerix gains valuable expertise in structured finance and fixed-income products, making its analytics capabilities even stronger and expanding its coverage of different asset classes. This solidifies Numerix’s position as a top provider of pricing and risk management solutions. PolyPaths already has a trusted client base with some of the most respected names in the industry, and their strengths align perfectly with Numerix’s suite of solutions.
One of the exciting benefits of this acquisition is Numerix’s increased capability in Asset Liability Management (ALM), extending its reach beyond the trading book to the banking book. This opens up new opportunities for Numerix to serve a broader range of clients and provide even more value to the market.
Manny Conti, CEO of Numerix, is thrilled about the acquisition, seeing it as a significant step forward. He says, “By joining forces with PolyPaths, we can offer cutting-edge analytic solutions that meet our clients’ evolving needs. The cultural fit between Numerix and PolyPaths makes this a natural match, and we’re looking forward to the future.”
PolyPaths’ Senior Managing Director, Kelli Sayres, shares the excitement, expressing, “We are excited to join Numerix and deliver innovative products and a great customer experience. Our dedication to empowering customers with analytical tools aligns perfectly with Numerix’s mission.”
Genstar Capital’s Director, Scott Niehaus, is delighted with the partnership, viewing PolyPaths as a strategic and complementary company to Numerix. This is Numerix’s second acquisition this year, showing Genstar’s commitment to growing Numerix in the financial technology ecosystem.
The terms of the transaction are not disclosed, and the two companies are eager to embark on this new journey together.
