Nasdaq to Acquire Marketwired
February 12 2016 - 9:12AM
Acquisition
expected to significantly enhance Nasdaq's corporate services and
product suite with Marketwired's media analytics and targeting
capabilities
Expected to be
accretive to Nasdaq's earnings within twelve months of
closing and generate attractive returns on
capital
NEW YORK, Feb. 12, 2016 (GLOBE NEWSWIRE) --
Nasdaq, Inc. (Nasdaq:NDAQ) today announced that it has
entered into a definitive agreement to acquire Marketwired, a
leading global provider of news distribution services and analytics
for communications professionals. Marketwired services over 8,500
clients, including Forbes 2000 companies, private corporations and
public relations agencies. The acquisition is expected to further
bolster Nasdaq's position as a leading, global corporate services
provider. Subject to customary conditions, the deal will be
funded through a mix of debt and cash on hand and is expected to
close in the first quarter of 2016.
Nasdaq's corporate services clients will benefit
from an enhanced experience by gaining access to Marketwired's
market-leading social media targeting tools and
analytics. As the media landscape continues to expand
globally, including tremendous growth of social media channels, the
combined organization will be a leader in global distribution of
news releases through Nasdaq's world-class GlobeNewswire
distribution capabilities and work-flow platform, as well as
Marketwired's leading offering of social media targeting and
monitoring services.
"This transaction is a testament to our commitment
to growing this business and delivering the most innovative
communications tools and intelligence to our Corporate Solutions
clients across the investor relations and public relations
solutions suite," said Adena Friedman, President and Chief
Operating Officer, Nasdaq. "As our clients' needs continue to
expand, we will be well-positioned to offer new tools, content, and
services to meet their evolving IR and PR challenges and
opportunities."
The acquisition is expected to be accretive to
Nasdaq's non-GAAP earnings within twelve months of closing and
should have no material impact on Nasdaq's financial leverage or
capital return strategy.
"There is a natural fit between the two
organizations in terms of our long-term strategy and shared values
based around innovation and customer centricity," said Adnan Ahmed,
President and CEO, Marketwired. "We are excited about the benefits
this combination will provide to Marketwired clients through a
broader global distribution network, a comprehensive end-to-end
workflow solution, and improved customer service."
"This is a major opportunity for our Corporate
Solutions business to enhance its end-to-end portfolio of services
for communication professionals-including news distribution, media
research, social media and analytics," said Stacie Swanstrom,
Senior Vice President and Head of Corporate Solutions, Nasdaq. "We
will also make use of existing resources-including an expanded
presence in North America, particularly Canada-to provide an even
stronger service and account management experience for our
clients."
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 Marketwired
Marketwired is a communications leader and partner
of choice for marketing, public relations and investor relations
professionals worldwide seeking premier news distribution and
social communication solutions. For more than 30 years, the company
has played a pivotal role in connecting newsmakers to news
consumers by sharing market-moving, direct-from-source information
on behalf of companies worldwide. The Marketwired team partners
with thousands of customers to help them discover better ways to
create and share their news with the people who influence their
brands and impact their business. Visit:
www.marketwired.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:
Ryan Wells
Email: ryan.wells@nasdaq.com
Direct: +44 (0) 20 3753 2231
Mobile: +44 (0) 7809 596 390
Linda Recupero
Email: linda.recupero@nasdaq.com
Direct: +1 212 231 5534
Mobile +1 347 978 2911
For Investor & Analyst Inquiries:
Ed Ditmire
Email: ed.ditmire@nasdaq.com
Nasdaq Investor Relations
Direct: +1 212 401 8737
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1985902
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nasdaq (NASDAQ:NDAQ)
Historical Stock Chart
From Apr 2023 to Apr 2024