Nasdaq Completes Acquisition of Boardvantage
May 02 2016 - 4:15PM
Nasdaq (Nasdaq:NDAQ) today announced the completion of its
acquisition of Boardvantage, a leading board portal solution
provider that also specializes in leadership collaboration and
meeting productivity, powered by the MeetX platform.
Nasdaq entered into an agreement to acquire Boardvantage on
March 20, 2016. The combination of Boardvantage and Directors Desk
propels Nasdaq into a leading position in the board portal and
collaboration space, creating an opportunity for 17,000+ corporate
clients globally to leverage new collaboration tools, while further
strengthening the company’s overall Corporate Solutions
business.
Further, the combined Directors Desk and Boardvantage offering
will support board communication, efficient workflow and decision
making for clients—including board members, corporate secretaries
and the C-suite— with highly secure, best-in-class technology,
service and productivity tools.
Nasdaq does not expect the acquisition to have a material impact
on the company'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.
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.
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:
Allan Schoenberg
Email: allan.schoenberg@nasdaq.com
Direct: +1 212 231 5534
Mobile: +1 929 290 2191
Christine Barna
Email: Christine.barna@nasdaq.com
Direct: +1 646 441 5310
Mobile: +1 917 580 0983
For Investor & Analyst Inquiries:
Ed Ditmire
Nasdaq Investor Relations
Email: ed.ditmire@nasdaq.com
Direct: +1 212 401 8737
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