Genstar Capital acquires pricing and risk management firm Numerix

“Numerix has built a premier reputation as an innovative company with leading analytics and workflow solutions in the front-to-risk market.”

Genstar Capital has acquired Numerix, a provider of risk management technology and a reputed developer of multi-asset class pricing solutions, according to an announcement.

Numerix was founded in 1996 and has grown over the years to more than 225 clients and 90 partners across 26 countries and 19 offices. Its quantitative research capabilities have made the firm a reference, particularly in multi-asset class pricing market.

The firm is said to be able to price and manage risk for any derivative instrument – vanillas to the most sophisticated exotic products – in addition to the entire spectrum of fixed income securities.

Analytics and workflow solutions in the front-to-risk market

Numerix covers institutional trading and risk operations and supports decision making from pre-trade price discovery through XVA trading, market and counterparty credit risk management across all asset classes. The firm caters to banks, broker dealers as well as a range of buy-side institutions.

Steven O’Hanlon, Chief Executive Officer, and President of Numerix, said: “We are excited to begin the next phase of our future growth with our new partners at Genstar Capital. For over 20 years, we have worked tirelessly to provide the most sophisticated analytic and technology solutions available to capital market participants across the globe. We’ve always had a clear vision for the organization. Together with Genstar and their long track record in the financial services and software industries, we look forward to expanding our footprint across the entire value chain in the front-to-risk market providing even greater value to our customers.”

Tony Salewski, Managing Director of Genstar, commented: “Numerix has built a premier reputation as an innovative company with leading analytics and workflow solutions in the front-to-risk market. Our partnership with Steven and the Numerix management team will supplement their strong organic growth with strategic acquisitions that expand the company’s significant value proposition.”

Scott Niehaus, Director of Genstar, added: “Numerix is capitalizing on several macro tailwinds including the digital transformation of capital markets, continued complex regulatory requirements and substantial market volatility across asset classes and geographies. We are excited about the partnership with the Numerix management team as they help new and existing customers navigate these challenges.”

Numerix will become the 17th company on Genstar Capital’s portfolio of financial services firm, which include leading names such as Apex and Mercer Advisors.