Nasdaq, Inc. (Nasdaq:NDAQ), the provider of trading, clearing, exchange technology, listing, information and public company services across six continents, is to acquire Marketwired, an El Segundo, CA- and Toronto, Ontario-based provider of news distribution services and analytics for communications professionals.
The amount of the deal was not disclosed. It is known that, subject to customary conditions, the transaction will be funded through a mix of debt and cash. It is expected to close in the first quarter of 2016.
Led by Adnan Ahmed, President and CEO, Marketwired currently services over 8,500 clients, including Forbes 2000 companies, private corporations and public relations agencies.
The acquisition is expected to further improve Nasdaq’s position as a global corporate services provider. The combined organization aims to be a leader in global distribution of news releases through Nasdaq’s GlobeNewswire distribution capabilities and work-flow platform, as well as Marketwired’s offering of social media targeting and monitoring services.