May 2, 2016, 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.
Additional details will be made available in the near future, please visit this page for updates.
“Our collaboration and productivity-oriented workflow products and services provide a foundation for our corporate solutions business. We are deeply focused on addressing the demands of boards and leadership teams for innovative tools that strengthen management, engagement and insight throughout their organizations.”
- Stacie Swanstrom, Senior Vice President of Nasdaq's Global Corporate Solutions