Nasdaq Strengthens Governance Solutions With CBE Buyout
Zacks Investment Research | Oct 03, 2019 10:29PM ET
Nasdaq (NASDAQ:NDAQ) has acquired Center for Board Excellence (CBE) to extend its reach within the boardroom by providing technology solutions.
Established in 2010, CBE is a privately-held provider of corporate governance and compliance solutions for boards of directors, CEOs, corporate secretaries and general counsels. Its portfolio of solutions includes board and committee assessments, director peer assessments, CEO and management evaluations, directors’ & officers’ questionnaires, and other compliance questionnaires. Nasdaq has been in a partnership with CBE for the last two years.
Nasdaq Governance Solutions, with the help of Nasdaq Boardvantage and Directors Desk, has been helping public, private, and non-profit organizations to manage corporate governance practices. The addition of CBE hence should complement its operations.
Nasdaq intends to combine CBE with its Nasdaq Governance Solutions business operating board portal and collaboration technology solutions. Governance Solutions businesses and Investor Relations Intelligence consists Nasdaq’s Corporate Solutions business. Corporate solutions revenues increased slightly in the second quarter of 2019 driven by higher governance solutions (formerly board & leadership) revenues. Thus, addition of CBE to Nasdaq’s portfolio should help retain the growth momentum.
Nasdaq has grown meaningfully over the years through a number of strategic expansions. Its acquisition list remains impressive with Cinnober, Quandl, Marketwired, Boardvantage, among other notable buyouts The company’s M&A activity expanded its technology offering, fortified its Corporate Solutions business, improved its market surveillance techniques as well as boosted its global information services business.
Shares of this Zacks Rank #2 (Buy) leading provider of trading, clearing, marketplace technology, regulatory, securities listing, information and public and private company services have rallied 19.1% year to date, outperforming the .
CME Group is a leading futures exchange in the world in terms of trading volume as well as notional value traded. The company came up with four-quarter average positive surprise of 1.27%.
MarketAxess is a leading multi-dealer trading platform that offers institutional investors access to global liquidity in products like U.S. high-grade corporate bonds, emerging markets and high-yield bonds, European bonds, U.S. agency bonds, credit derivatives and other fixed-income securities. The company came up with four-quarter average positive surprise of 3.51%.
American Financial provides property and casualty insurance products in the United States. The company came up with four-quarter average positive surprise of 4.70%.
Get The News You Want
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple (NASDAQ:AAPL) sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Zacks Investment Research
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.