Nasdaq to Acquire Sybenetix
(Thomson Reuters ONE) -
The acquisition of Sybenetix will further expand Nasdaq's leadership in the
surveillance space and make it a leading provider to the buy-side industry
NEW YORK & LONDON, July 25, 2017 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq:NDAQ)
today announced that it has entered into a definitive agreement to
acquire Sybenetix, a leading surveillance provider that combines behavioral
analytics and cognitive computing with financial markets expertise. Sybenetix's
technology offering is designed to solve key surveillance challenges facing the
asset management industry.
The addition of Sybenetix to Nasdaq's Risk & Surveillance suite of solutions,
including SMARTS and TradeGuard, will allow Nasdaq to bring deeper technology
savviness and expertise to buy-side compliance officers across the global
capital markets who require future-focused surveillance capabilities to protect
their firms. Sybenetix's behavioral science technology will further strengthen
Nasdaq's conduct surveillance offering, which will provide a holistic view of
behavioral risks across trade, ecomms, acomms, and other monitoring and
surveillance functions. This will also help support compliance departments in
addressing complex regulations and policies-both current and on the horizon-such
as MAR, MiFID II, Dodd-Frank, Regulation Automated Trading, trader conduct &
remuneration, personal account dealing and fair investment allocation.
"Nasdaq is investing in the technologies, talent and capabilities that solve the
complex challenges our clients face," said Adena Friedman, President and CEO of
Nasdaq. "We believe behavioral science, cognitive computing and machine
intelligence are essential to a successful, holistic surveillance offering and
critical to efficient and effective organizational compliance with an
increasingly intricate global regulatory environment. As such, we are thrilled
to welcome the talented technology team and clients from Sybenetix. Their
bespoke compliance, surveillance and performance management technology can meet
the needs of the world's largest asset managers and will be complementary to
Nasdaq's Risk and Surveillance suite. This acquisition accelerates our offering
to the buy-side and advances our ambitions to expand market integrity controls
into all segments of the capital markets."
Taras Chaban, CEO and Wendy Jephson, Chief Behavioral Scientist, the Founders of
Sybenetix, said: "We are extremely proud to be joining Nasdaq. This acquisition
is recognition of the talent, innovation and hard work of the Sybenetix team.
Being part of Nasdaq will provide enormous growth opportunities for Sybenetix's
surveillance technologies and will also accelerate new product development for
the buy-side industry. Our clients will benefit from the added confidence of
working with a world-leading company that understands the business and
requirements of Sybenetix's buy-side customers. We believe this is an incredible
opportunity and are looking forward to working with the Nasdaq team."
As the industry benchmark for real-time and T+1 cross-market surveillance
platforms, Nasdaq's SMARTS surveillance technology automates the detection,
investigation and analysis of potentially abusive or disorderly trading, to help
improve the overall efficiency of the surveillance organization and reduce cost,
even as market complexity and new regulations increase. These solutions are used
to power monitoring for more than 45 marketplaces, 17 regulators and 140+ market
participants, including several buy-side institutions, across 65 countries,
while Nasdaq's market technology, including trading, clearing, and CSD systems,
is in operation in over 100 marketplaces across the Americas, Europe, Asia,
Australia, Africa, the Middle East and the Caribbean.
Nasdaq will acquire Sybenetix for an undisclosed amount and intends to fund the
purchase price with cash on hand. Nasdaq does not expect the acquisition to have
a material impact on Nasdaq's financial leverage or capital return strategy, and
is expected to generate attractive returns on capital.
About Nasdaq
Nasdaq (Nasdaq:NDAQ) is a leading global provider of trading, clearing, exchange
technology, listing, information and public company services. 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 90 marketplaces in 50 countries, and 1 in 10 of the world's
securities transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com.
About Sybenetix
Sybenetix is a leading behavioural analytics company, providing the next-level
category of advanced analytics being used by major financial institutions for
market surveillance, conduct risk measurement and performance improvement.
Sybenetix's unique team of experts in technology, behavioural science, financial
performance and conduct management have been recognised through multiple
industry awards for improved business outcomes for their customers. Sybenetix's
technology allows clients to improve regulatory, reputational and operational
effectiveness whilst dramatically reducing costs. Sybenetix is headquartered in
London, United Kingdom and is backed by leading Fintech and Regtech investors
Summer Capital, Collinio Capital and Yarrow Capital. http://sybenetix.com
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements
that involve a number of risks and uncertainties. Nasdaq cautions readers that
any forward-looking information is not a guarantee of future performance and
that actual results could differ materially from those contained in the forward-
looking information. Such forward-looking statements include, but are not
limited to (i) projections relating to our future financial results, total
shareholder returns, growth, trading volumes, products and services, order
backlog, taxes and achievement of synergy targets, including in connection with
the acquisition of Sybenetix, (ii) statements about the closing or
implementation dates and benefits of the acquisition of Sybenetix, (iii)
statements about our integrations of our recent acquisitions and future
integration of the Sybenetix acquisition, (iv) statements relating to any
litigation or regulatory or government investigation or action to which we are
or could become a party, and (v) other statements that are not historical
facts. Forward-looking statements involve a number of risks, uncertainties or
other factors beyond Nasdaq's control. These factors include, but are not
limited to, Nasdaq's ability to implement its strategic initiatives, economic,
political and market conditions and fluctuations, government and industry
regulation, interest rate risk, U.S. and global competition, and other factors
detailed in Nasdaq's filings with the U.S. Securities and Exchange Commission,
including its annual reports on Form 10-K and quarterly reports on Form 10-Q,
which are available on Nasdaq's investor relations website
at http://ir.nasdaq.com and the SEC's website at www.sec.gov. Nasdaq undertakes
no obligation to publicly update any forward-looking statement, whether as a
result of new information, future events or otherwise.
NDAQG
For Media Inquiries:
Nasdaq
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: 25.07.2017 - 09:00 Uhr
Sprache: Deutsch
News-ID 553706
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contact information:
Town:
New York
Kategorie:
Business News
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