M&A Deal Summary

Nasdaq Acquires Quandl

On December 4, 2018, Nasdaq acquired information services company Quandl

Acquisition Highlights
  • This is Nasdaq’s 2nd transaction in the Information Services sector.
  • This is Nasdaq’s 3rd transaction in Canada.
  • This is Nasdaq’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2018-12-04
Target Quandl
Sector Information Services
Buyer(s) Nasdaq
Deal Type Add-on Acquisition

Target

Quandl

Toronto, Ontario, Canada
Quandl is the largest provider of alternative data for financial professionals. The company sources, evaluates and productizes undiscovered data assets, transforming them into quantified, actionable intelligence for select institutional clients. With a customer base that includes the world’s top hedge funds, asset managers and investment banks, Quandl delivers financial, economic and alternative data to over 400,000 analysts worldwide. Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas in part because of their frustrations with the limited data and primitive delivery systems that were available to them.

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Buyer(S) 1

Buyer

Nasdaq

New York, New York, United States
Category Company
Founded 1971
Sector Financial Services
Employees6,377
Revenue 741M USD (2023)
DESCRIPTION
Nasdaq OMX office in Stockholm.
Nasdaq OMX office in Stockholm.

Nasdaq is an exchange company. With over 3,900 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 City.

DEAL STATS #
Overall 23 of 30
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 17 of 23
State (Ontario) 3 of 3
Country (Canada) 3 of 5
Year (2018) 2 of 2
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 BWise B.V.

Rosmalen, Netherlands

BWise B.V. is an enterprise governance, risk and compliance (GRC) software platform. BWise enterprise GRC software platform and Risk Intelligence services and solutions help companies drive process efficiencies, enhance accountability, and reduce costs, resulting in improved decision making within an organization’s Enterprise Risk Management program. BWise B.V. was founded in 1994 and is based in Rosmalen, Netherlands.

Sell -
Mergr

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