Nasdaq to Acquire Boardvantage for $200m

A leading provider of paperless solutions for board management and leadership communications, California-headquartered Boardvantage, has agreed to be acquired by Nasdaq for $200 million, following a definitive agreement between the two companies announced in an official press release earlier today. The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term is subject to customary approvals and is expected to close during the first half of 2016.

Boardvantage, as its name implies, aims to provide an advantage at the board level for companies to have a streamlined and electronic approach to managing the often complex paperwork and communications involved in senior management discussions, including presentations, and other materials that add to the administrative process. These solutions are offered through its MeetX staple offering, and will become integrated with Nasdaq's Directors Desk offering, as part of the deal.

“This is an exciting day for Boardvantage,” said Joe Ruck, President and CEO, Boardvantage, commenting in the press release. He added: “As the global leader in financial technology solutions Nasdaq is a natural home for Boardvantage. Since our founding, we have focused on technology leadership for board and leadership communication. We are thrilled to be part of Nasdaq Corporate Solutions.”

NASDAQ intends to fund the deal through a mixture of debt and cash, and doesn't expect the acquisition to have a material impact on its financial Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term or capital return strategy, according to the update. The offering could help add to the exchanges listings service, as firms could use the solution to help improve related operational efficiencies with regard to internal management communications.

“Upon acquisition, Boardvantage will complement our focus on developing leading financial technology solutions and delivering the most intuitive, streamlined decision making and collaboration tools for boards, executives and enterprise management in the world,” said Stacie Swanstrom, Senior Vice President and Head of Corporate Solutions. "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,” she concluded.

Boardvantage lists some of its customers as including half of all Fortune 500 firms, including Facebook, UPS, Russel lnvestments, and LinkedIn, among other large names.