Genstar Capital-backed Numerix completed the acquisition of FINCAD from Zafin.

Genstar Capital-backed Numerix, a capital markets risk management technology, completed the acquisition of FINCAD, a analytics company in the pricing and risk analytics of financial derivatives and fixed income products, from Zafin, a provider of Product and Pricing SaaS solutions for global financial institutions. Financial terms were not disclosed. "Bringing together Numerix and FINCAD is a significant moment for all capital markets participants. Analytics are the differentiators in terms of making the right investment decisions. This combination is a game changer for the industry, allowing Numerix clients to use the most robust front-to-risk decision making software with their choice of best of breed analytics. While both companies started at a similar point in time but took on servicing different segments of the market, it has become clear to me through the process that FINCAD shares a similar DNA to Numerix. This is a natural fit and I am very excited about the opportunities that lie ahead," Steven R. O'Hanlon, Numerix President and CEO.