Add-on Acquisition • Information Technology

Nasdaq Acquires Cinnober Financial Technology AB

On September 14, 2018, Nasdaq acquired information technology company Cinnober Financial Technology AB for 190M USD

Acquisition Context

This is Nasdaq’s 3rd transaction in the Information Technology sector.
This is Nasdaq’s 8th largest (disclosed) transaction.
This is Nasdaq’s 1st transaction in Sweden.

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M&A Deal Summary
Date	September 14, 2018
Target	Cinnober Financial Technology AB
Sector	Information Technology
Buyer(s)	Nasdaq
Deal Type	Add-on Acquisition
Deal Value	190M USD

Target Company

Cinnober Financial Technology AB

Stockholm, Sweden

Cinnober Financial Technology AB is an independent supplier of financial technology to marketplaces and clearinghouses. The portfolio of offerings includes price discovery and matching, real-time risk management, clearing and settlement, index calculation, data distribution and surveillance. Customers include major exchanges with extreme demands on reliability and performance, such as the Australian Securities Exchange, B3 (formerly BM&FBOVESPA), Dubai Gold & Commodities Exchange, Euronext, Japan Exchange Group, Johannesburg Stock Exchange, the London Metal Exchange, LME Clear, NYSE and the Stock Exchange of Thailand. Cinnober Financial Technology AB was founded in 1997 and is headquartered in Stockholm, Sweden.

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Buyer Overview 1

Buyer

Nasdaq

New York, New York, United States

Category	Company
Founded	1971
Sector	Financial Services
Employees	9,162
Revenue	7.4B USD (2024)

DESCRIPTION

Nasdaq OMX office in Stockholm.

Nasdaq is an exchange company. With so many listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. Nasdaq was founded in 1971 and is based in New York, New York.

Deal Context for Buyer	#
Overall	22 of 30
Sector: Information Technology	3 of 4
Type: Add-on Acquisition	16 of 23
Country: Sweden	1 of 1
Year: 2018	1 of 2
Size (of disclosed)	8 of 8

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-01-29	Nasdaq - Public Relations Solutions and Digital Media Services Businesses New York, New York, United States Nasdaq, Inc. - Public Relations Solutions and Digital Media Services Businesses includes, GlobeNewswire: a global press release distribution platform and media contacts database with analytics, Webhosting: a web hosting service purpose-built for investor relations and external communications functions, Webcasting: a multimedia service that publishes webcasts, webinars, video presentations and other content, Media Intelligence: a media monitoring and analyst-curated daily news reporting service, Influencers Database: a service to identify and connect with relevant journalists and social media profiles.	Sell	$335M

DATE

TARGET

DEAL TYPE

VALUE

2018-01-29

Nasdaq - Public Relations Solutions and Digital Media Services Businesses

New York, New York, United States

Nasdaq, Inc. - Public Relations Solutions and Digital Media Services Businesses includes, GlobeNewswire: a global press release distribution platform and media contacts database with analytics, Webhosting: a web hosting service purpose-built for investor relations and external communications functions, Webcasting: a multimedia service that publishes webcasts, webinars, video presentations and other content, Media Intelligence: a media monitoring and analyst-curated daily news reporting service, Influencers Database: a service to identify and connect with relevant journalists and social media profiles.

Sell

$335M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-09-27	Scila Stockholm, Sweden Scila is a fintech company focused on developing surveillance systems for exchanges, market participants, and regulators. Scila was formed in 2008 and is based in Stockholm, Sweden.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2018-09-27

Scila

Stockholm, Sweden

Scila is a fintech company focused on developing surveillance systems for exchanges, market participants, and regulators. Scila was formed in 2008 and is based in Stockholm, Sweden.