Nasdaq Launches Venture Investment Program
(Thomson Reuters ONE) -
Dedicated unit will focus on fintech investment and strategic partnership
opportunities
NEW YORK, April 19, 2017 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq:NDAQ), one of the
world's leading providers of technology and services to the capital markets,
announced today the launch of a venture investment program, Nasdaq Ventures,
dedicated to discovering, investing in and partnering with unique fintech
companies worldwide. The program's main objective is to identify and collaborate
on new technologies and groundbreaking services and solutions which align with
Nasdaq's clients' needs and the company's long-term objectives in the global
capital markets.
"With the launch of our new venture investment program, we are reinforcing our
focus on driving growth and innovation by evaluating, distributing, licensing
and integrating disruptive technologies for the long-term benefit of our global
clients," said Adena Friedman, President and CEO, Nasdaq. "Investing in
pioneering fintech firms, who are developing unique technologies, continues our
history of being a platform and partner of choice for the most innovative
companies in the world. In addition, through this program we plan to accelerate
the pace of innovation to ensure our clients continue to benefit from the
technologies that are reshaping the capital markets."
As part of Nasdaq's Corporate Strategy function, Nasdaq Ventures will be led by
Gary Offner who will report to Jean-Jacques Louis, Head of Corporate Strategy.
Offner has more than 20 years of continuous private equity, venture capital and
strategic direct investment experience with an emphasis on minority growth
capital investments in technology companies, and is a long-time veteran of
Morgan Stanley.
The minority stake investments made by Nasdaq Ventures are expected to range
from less than $1M to approximately $10M and will include seed to late-stage
venture rounds. Every potential investment will receive a rigorous review with
an established internal committee to ensure that each partnership is aligned
with Nasdaq's overall financial and strategic goals, as well as an existing
business line or business strategy in order to guarantee that every investment
furthers the company's competitive and strategic position in the chosen
businesses. Areas of initial focus will include: digital transfer/blockchain;
machine learning and artificial intelligence; emerging and frontier
marketplaces; and next generation data, analytics and content aggregation. The
venture investing program will not have any material implications on Nasdaq's
capital allocation strategy.
Nasdaq's investment program began unofficially in late-2015 and has since been
partnered strategically with blockchain infrastructure provider Chain.com,
machine intelligence company Digital Reasoning and real-time risk analytics
firm Hanweck.
For potential collaboration and investment opportunities please
contact Ventures(at)nasdaq.com.
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 clients
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 85 marketplaces in 50 countries, and 1
in 10 of the world's securities transactions. Nasdaq is home to approximately
3,800 listed companies with a market value of $10.1 trillion and nearly 18,000
corporate clients. To learn more, visit: business.nasdaq.com.
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 revisions to any forward-looking statements.
NDAQG
For Media Inquiries:
Nasdaq:
Allan Schoenberg
Allan.Schoenberg(at)nasdaq.com
Direct: (212)231-5534
Ryan Wells
ryan.wells(at)nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Nasdaq via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 19.04.2017 - 16:24 Uhr
Sprache: Deutsch
News-ID 537119
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contact information:
Town:
New York
Kategorie:
Business News
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