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Nasdaq Announces Intent to Acquire eVestment .

eVestment is a leading data and analytics provider to the asset management industry.

Nasdaq Announces Intent to Acquire eVestment

By Adena Friedman / President and CEO, Nasdaq

Our business strategy was built on the insights of our leadership team and their understanding of how our business and competitive landscape are evolving. Certainly, three key trends that we see shaping our future are the advancement of a marketplace economy, the need to find signals in big data, and a significant evolution in the needs of the global investment management industry. By better understanding these macro forces, we have defined investment opportunities that will allow us to serve our clients better and ignite the growth of our organization.

Today we are announcing a significant step in the execution of our growth strategy with our proposed acquisition of eVestment, a leading data and analytics provider to the asset management industry.

Our Information Services and Market Technology businesses are a driving force in our growth strategy as they are well positioned to capture the opportunities inherent in the evolving global markets landscape.

In particular, Nasdaq technology, insights and services are playing an invaluable role in the institutional investment industry through the expansion of our surveillance technology, SMARTS , to serve that part of the financial ecosystem, our recent launch of the Analytics Hub , as well as our long standing operation of the Mutual Fund Quotation Service.

In addition, our strategic move into the alternative asset management space through NPM Alts is creating value by providing asset managers and owners unique liquidity opportunities never before offered.

However, as asset managers and asset owners face new competitive forces, they are seeking ways to differentiate themselves in order to drive funds into their investment vehicles. This creates a sizable market opportunity to provide independent and objective analytics to help guide their investment decisions. eVestment, for the last 17 years, has built its business with and for the investment management industry, and has developed its offerings to meet the evolving needs of its clients. Specifically, eVestment is a global leader in proprietary content, insights and analytics for the institutional investment industry, serving asset managers, investment consultants and asset owners.

eVestment collects fund-level and investment-level information from traditional and alternative asset managers and packages it to the asset owners to enable them to compare strategies and performance in order to make informed asset allocation and investment decisions. It has become the definitive source of this information across the institutional industry with the largest, most comprehensive database , including more than 2,800 individual data points on more than 74,000 investment vehicles. eVestment has 2,000 clients, including 92% of the top asset managers, 76% of the top consulting firms and 80% of the top 20 pension funds.

Our acquisition of eVestment will serve as a means to strengthen our offering in critical areas for the buy side and broaden our client reach into the global asset management industry. In addition, eVestment has compelling financial characteristics with a predictable, recurring revenue profile that has delivered consistent double digit organic growth, coupled with a healthy EBITDA margin that generates strong cash earning results. Their leadership team is exceptional and will bring significant buy side knowledge and expertise to our company. We are thrilled to have the entire eVestment team join our Nasdaq family.

Please read the press release for additional information >

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