Nasdaq Agrees to Acquire Boardvantage
(Thomson Reuters ONE) -
Combined offering would position Nasdaq as a leading board and enterprise
management solution among Fortune 100 and Fortune 500 companies
Expected to be accretive to Nasdaq's earnings within twelve months of
closing and generate attractive returns on capital
NEW YORK, March 21, 2016 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ) today
announced that it has entered into a definitive agreement to
acquire Boardvantage, a leading board portal solution provider which also
specializes in leadership collaboration and meeting productivity. The
acquisition, along with the recently-closed purchase of Marketwired, is expected
to strengthen Nasdaq's position as the leading global corporate services
provider. The integration between Nasdaq's Directors Desk and Boardvantage's
collaboration platform will support board communication, efficient workflow and
decision making for clients with highly secure, best-in-class technology,
service and productivity tools.
"Upon acquisition, Boardvantage will complement our focus on developing leading
financial technology solutions and delivering the most intuitive, streamlined
decision making and collaboration tools for boards, executives and enterprise
management in the world," said Stacie Swanstrom, Senior Vice President and Head
of Corporate Solutions, Nasdaq. "Our collaboration and productivity-oriented
workflow products and services provide a foundation for our corporate solutions
business. We are deeply focused on addressing the demands of boards and
leadership teams for innovative tools that strengthen management, engagement and
insight throughout their organizations."
With over 10,000 clients worldwide, including 93% of the S&P 500 and the Dow
30, as well as 100% of the Nasdaq 100, Nasdaq Corporate Solutions empowers
Investor Relations, Public Relations, Communications and Board Management
professionals with best-in-class insight, information and tools from a single
global provider to increase their efficiency and drive business success.
Further, Boardvantage clients will gain access to Nasdaq's thought leadership
program which includes governance best practice expertise from the company's
senior management and other distinguished corporate governance leaders. These
clients will continue to be supported by Nasdaq's commitment to information
security, as each platform provides multiple security features for governance
and workflow management all in one central location.
"This is an exciting day for Boardvantage," said Joe Ruck, President and CEO,
Boardvantage. "As the global leader in financial technology solutions
Nasdaq is a natural home for Boardvantage. Since our founding, we have focused
on technology leadership for board and leadership communication. We
are thrilled to be part of Nasdaq Corporate Solutions."
Nasdaq will acquire Boardvantage for $200 million, and intends to fund the
purchase price through a mix of debt and cash on hand. Nasdaq does not expect
the acquisition to have a material impact on Nasdaq's financial leverage or
capital return strategy. The acquisition is expected to be accretive to Nasdaq's
non-GAAP earnings within twelve months of closing.
Subject to customary conditions, the deal is expected to close in the first half
of 2016.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading provider of trading, clearing, exchange
technology, listing, information and public company services across six
continents. Through its diverse portfolio of solutions, Nasdaq enables customers
to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's
global capital markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to more than 3,700
listed companies with a market value of approximately $9.6 trillion and nearly
10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or
business.nasdaq.com.
About Boardvantage
Boardvantage leads the market in delivering paperless process for board and
leadership communication. Trusted by enterprises worldwide, including half the
Fortune 500, Boardvantage sets the bar for a mobile executive experience. The
company is headquartered in Menlo Park, Calif., with global offices and data
centers in the Americas, Europe and Asia Pacific.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform Act
of 1995. These statements include, but are not limited to, statements about
Nasdaq and its products and offerings. We caution that these statements are not
guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
Nasdaq's control. These factors include, but are not limited to factors detailed
in Nasdaq's annual report on Form 10-K, and periodic reports filed with the U.S.
Securities and Exchange Commission. We undertake no obligation to release any
revisions to any forward-looking statements.
NDAQG
For Media Inquiries:
Ryan Wells
Email: ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
For Investor & Analyst Inquiries:
Ed Ditmire
Email: ed.ditmire(at)nasdaq.com
Nasdaq Investor Relations
Direct: +1 212 401 8737
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
[HUG#1996174]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2016 - 13:01 Uhr
Sprache: Deutsch
News-ID 458897
Anzahl Zeichen: 6776
contact information:
Town:
New York
Kategorie:
Business News
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