NEW YORK, May 02, 2016 (GLOBE NEWSWIRE) -- 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.
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.
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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.
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