On August 2, 2023, Numerix, a key player in capital markets risk management technology, acquired PolyPaths, a provider known for its analytics and risk management solutions for financial institutions. PolyPaths' expertise in structured finance and fixed income products enhances Numerix's offerings, solidifying its status as a top provider of pricing and risk management solutions. This acquisition strategically bolsters Numerix's analytics asset class coverage and aligns with its Front-to-Risk solutions.

A significant benefit of this deal is the expansion of Numerix's Asset Liability Management (ALM) capability, broadening its reach from the trading book to the banking book and offering new growth opportunities. Numerix can now cater to a wider client base and offer more value in the market.

Manny Conti, CEO of Numerix, and Kelli Sayres and Gene Park from PolyPaths, shared their enthusiasm about the acquisition, emphasizing its potential to deliver innovative solutions and enhance customer experiences. Scott Niehaus of Genstar Capital also expressed satisfaction, noting the strategic fit of PolyPaths with Numerix.

Advising Numerix on this transaction were Jefferies LLC (financial advisor) and Willkie Farr & Gallagher LLP (legal counsel). PolyPaths was advised by RBC Capital Markets (financial) and Skadden, Arps, Slate, Meagher & Flom LLP (legal).