Credit: Shutterstock photoNasdaq, Inc.NDAQ recently inked a deal to acquire leading board portal solution provider, Boardvantage, for $200 million. The acquisition will improve communication between the boards of the two companies as well as enhance workflow and decision making for clients via highly secure and superior technology, service and productivity tools.
The transaction, which is currently pending approvals, is expected to culminate in the first half of 2016. Nasdaq intends to fund the deal using debt and available cash. The company expects the deal to add to its non-GAAP earnings within a year of closing.
Nasdaq remains focused on the development of financial technology solutions and delivery of the most intuitive and efficient decision making and collaboration tools for boards. Therefore, the addition of Boardvantage's capabilities will give a substantial boost to its strategy.
Nasdaq works tirelessly to meet the "demands of boards and leadership teams for innovative tools that strengthen management, engagement and insight throughout their organizations."
Nasdaq Corporate Solutions, which is part of the company's Technology Solutions segment, provides quality insight, information and tools to the Investor Relations, Public Relations, and Communications and Board Management professionals to help them enhance their skills and attain more success in business.
Boardvantage clients, on the other hand, will benefit from Nasdaq's thought leadership program, which specializes in governance and best practice advice from the top level management and other highly regarded corporate governance leaders. The clients at Boardvantage will also enjoy continued support from Nasdaq's committed information security.
The aforesaid acquisition, along with the recent purchase of Marketwired, is projected to further strengthen Nasdaq's already robust position as global corporate services provider.
Earlier this month, this Zacks Rank #2 (Buy) securities exchange company had agreed to acquire the options exchange operator, International Securities Exchange ("ISE"), from Deutsche Borse Group, for $1.1 billion. The buyout will enhance the acquirer's efficiencies for clients, ramp up its technology offering as well as provide the opportunity to innovate and experiment within the equity options industry.
Following the inorganic route to ramp up one's growth profile seems a well-accepted strategy among insurers too, as acquisitions and consolidations rage this space. Recently, Sun Life Assurance Company of Canada, the wholly owned subsidiary of Sun Life Financial Inc. SLF acquired the employee benefits business of Assurant Inc. AIZ for $940 million. Also, Marsh & McLennan Agency LLC ("MMA"), the middle market agency subsidiary of Marsh & McLennan Companies, Inc. MMC , has acquired Celedinas Insurance Group for an undisclosed amount.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
