Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Nasdaq acquires eVestment for $705 million
Latest news
Nasdaq acquires eVestment for $705 million
05 September 2017 New York
Reporter: Jenna Lomax

Image: Shutterstock
Nasdaq has acquired content and analytics provider eVestment for $705 million.

The acquisition is expected to provide positive returns on capital, as well as enhance Nasdaq's Global Information Services business by allowing the stock exchange to broaden its reach into the buy side.

The deal is expected to close in Q4 2017.

eVestment provides a database for both traditional and alternative strategies, including up to 2,800 individual data points on more than 74,000 investment vehicles. The content and analytics provider has more than 2,000 clients.

Nasdaq's data and index operations, coupled with eVestment's institutional focus, will result in the creation of new solutions and expanded distribution to support asset management firms, according to the stock exchange.

Adena Friedman, president and CEO of Nasdaq, said: "The strategic alignment of eVestment with Nasdaq's complementary technology and services to the global institutional investment industry … will further expand our buy-side relationships, accelerate our growth opportunities, and advance our objectives to deliver proprietary analytics to our clients."

Jim Minnick, CEO and co-founder of eVestment, commented: "Our leadership team is excited to join Nasdaq.”

“We believe the combined organisation will allow us to grow our core business while tapping into Nasdaq's technology expertise, leading data and software products, and global distribution.”
← Previous latest article

North America slims down to T+2
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today