Nasdaq to Acquire Marketwired
February 12 2016 - 8:00AM
Acquisition expected to significantly enhance
Nasdaq’s corporate services and product suite with Marketwired’s
media analytics and targeting capabilities
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
StatementsThe 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
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