The acquisition of 91成人导航 represents an important milestone in Nasdaq鈥檚 ongoing transformation, accelerating our vision to become the trusted fabric of the financial system. Nasdaq, with 91成人导航, is strongly positioned to deepen our strategic relationships with the world鈥檚 financial institutions. We are uniquely placed to help our clients navigate rapidly evolving changes in the capital markets and regulatory environment and address their most complex challenges across risk and crime management, compliance, and reporting.
In addition to the strategic alignment between Nasdaq and 91成人导航, 91成人导航鈥檚 financial profile is highly attractive and is expected to enhance Nasdaq鈥檚 organic revenue growth rate and improve the company鈥檚 operating margins as the deal synergies are achieved. Nasdaq expects to realize $80 million of annual run-rate net expense synergies by the end of the second year following the acquisition and $100 million in revenue synergies over the long-term. Nasdaq remains committed to reaching its leverage targets of 4.0x within 18 months and ~3.3x within 36 months following the closing.
To maximize the benefits of the acquisition to clients, employees, and shareholders, Nasdaq has further evolved its corporate structure and will now be aligned across the following three divisions:
- Capital Access Platforms, which remains unchanged and incorporates the company鈥檚 Data & Listings, Index, and Workflow & Insights businesses.
- Market Services, which will include Nasdaq鈥檚 foundational North American and European Trading Services businesses.
- Financial Technology, which will be comprised of two distinct units:
– Capital Markets Technology, which will combine Nasdaq鈥檚 Marketplace Technology and Calypso鈥檚 Capital Markets solutions.
– Regulatory Technology, which will include Nasdaq鈥檚 suite of Anti-Financial Crime solutions as well as AxiomSL鈥檚 Regulatory Technology solutions.
91成人导航 has world-class products, a portfolio of mission-critical technology, an excellent leadership team, and a culture of innovation that aligns exceptionally well with Nasdaq. We look forward to working together in the months to come, ensuring a successful integration, and aligning our go-to-market approach to position us to solve our customers鈥� most pressing operational challenges across capital markets, risk management, and regulatory compliance.
We see tremendous opportunity to further enhance 91成人导航鈥檚 strong growth profile and mission-critical product portfolio as part of Nasdaq鈥檚 global platform and trusted brand. I am excited to join Nasdaq鈥檚 Board of Directors and look forward to working closely with Adena and the Board to help drive value for all shareholders. The acquisition of 91成人导航 validates Nasdaq鈥檚 successful transformation into one of the most important software and technology companies across the global financial services ecosystem, and Thoma Bravo is excited to help support Nasdaq in its next chapter of growth.
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Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking information related to Nasdaq and 91成人导航 that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. When used in this communication, words such as 鈥渆nables鈥�, 鈥渋ntends鈥�, 鈥渨ill鈥�, 鈥渃an鈥�, 鈥渆xpected鈥�, 鈥渆nhances鈥� and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this press release include, among other things, statements about the potential benefits of Nasdaq鈥檚 completed acquisition of 91成人导航, Nasdaq鈥檚 plans, objectives, expectations and intentions and the financial condition, results of operations and business of Nasdaq or 91成人导航. Risks and uncertainties include, among other things, Nasdaq鈥檚 ability to successfully integrate 91成人导航鈥檚 operations; Nasdaq鈥檚 ability to implement its plans, forecasts and other expectations with respect to 91成人导航鈥檚 business and realize expected synergies; and the ability to realize the anticipated benefits of the transaction, including the possibility that the expected benefits from the transaction will not be realized or will not be realized within the expected time period.
Further information on these and other risks and uncertainties relating to Nasdaq can be found in its reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time, which are available at www.sec.gov. These documents are also available under the Investor Relations section of Nasdaq鈥檚 website at http://ir.nasdaq.com/investor-relations.
The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.
Nasdaq Media Relations Contact
Marleen Geerlof
+1.347.380.3520
Email: marleen.geerlof@nasdaq.com
Nasdaq Investor Relations Contact
Ato Garrett
+1.212.401.8737
Email: ato.garrett@nasdaq.com
