The transaction is subject to regulatory approvals and other customary closing conditions. You also have the option to opt-out of these cookies. Risks and uncertainties include, among other things, risks related to the ability of Nasdaq to consummate the proposed transaction on a timely basis or at all; Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Documents from Prior Periods. Verafins existing executive leadership team will continue to lead the company. During this time, the Company has achieved many financial and operational milestones: We are very excited to begin this new phase of Verafins journey. Nasdaq believes presentation of these measures provides investors with greater transparency and supplemental data relating to financial condition and results of operations. Connect with us on Social or feel free to contact us with any inquiries. Recession Risk Determine whether Verafin Usa grew or shrank during the last recession. Management uses thisnon-GAAPinformation internally, along with U.S. GAAP information, in evaluating our performance and in making financial and operational decisions. St. John's, NL A1A 0L9. This cookie is used to store the referral link when a user initially discovers on Verafins website. privacy. Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests. making it more difficult to maintain business and operational relationships; risks related to diverting managements attention from Nasdaqs ongoing business operations; the negative effects of the announcement or the consummation of the A reconciliation ofnon-GAAPforward looking information to their corresponding GAAP measures cannot be provided without unreasonable efforts due to the inherent difficulty in quantifying certain amounts due to a variety of factors, including the unpredictability in the movement in foreign currency rates, Nasdaqs effective tax rate as well as future charges or reversals outside of the normal course of business. Representative investments include Ancestry, Bats Global Markets, Definitive Healthcare, Ethoca, GoodRx, Grubhub, Lynda.com, Origami Risk, RiskMetrics, SurveyMonkey and World-Check. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime. To track previous page view id and url. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. To connect multiple page views by a user into a single Clarity session recording. Report incorrect company information. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Management uses thisnon-GAAPinformation internally, along with U.S. GAAP information, in evaluating our performance and in making financial and operational decisions. READ MORE Verafin is the industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing . The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. These cookies track visitors across websites and collect information to provide customized ads. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Verafin respects your Further information on these and other risk 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 theSECfrom time to time and available atwww.sec.gov. Contact Email info@verafin.com. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. 1 Includes the impact of the acquisition of Verafin +19% YoY increase $1,871M Annualized recurring revenue 4Q21 Progress on Key Metrics Confirm our Confidence in our Strategy 7 Solutions Segments. Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers. HALIFAX Newfoundland and Labrador-based anti-financial-crime software firm Verafin has agreed to be acquired by stock-exchange operator Nasdaq in an all-cash deal valued at US$2.75 billion. The financial industry is growing more and more complex as criminals target institutions with sophisticated schemes and compliance demands evolve. Configurable Dashboards Manage and transform your information into key business insights. hub. Analytical cookies are used to understand how visitors interact with the website. At the core of Nasdaqs mission, we champion fairness and integrity in the markets that we build and in the broader financial ecosystem in which we Stores the Clarity User ID and preferences, unique to that site, on the browser. These cookies track visitors across websites and collect information to provide customized ads. Verafin is the exclusive provider forTexas Bankers Association, Western Bankers Association, Florida Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states. Further information on these and other risk 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 theSECfrom time to time and available atwww.sec.gov. Articles, Webinars, White Papers and more. ET, Nasdaq will host a webcast presentation to discuss the transaction. It works only in coordination with the primary cookie. Verafin respects your Leveraging its robust big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin can significantly reduce false positive alerts, deliver context-rich insights and streamline the daunting BSA/AML compliance processes that financial institutions face today. This communication contains forward-looking information related to Nasdaq, Verafin and the proposed acquisition of Verafin by Nasdaq that The cookie is used to store if a user has or has not consented to the use of cookies. To identify unique web browsers visiting Microsoft sites. To identify unique web browsers visiting Microsoft sites. LinkedIn sets this cookie to remember a user's language setting. Verafins comprehensive suite of anti-financial crime management products with Nasdaqs reach and established regulatory technology leadership to create a global SaaS leader in the fight against financial crime, a worldwide problem that The cookie is used to analyse the website's visitors and monitor traffic patterns. The forward-looking statements included in this communication are made only as of the date hereof. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. This cookie is used to store the user consent for the cookies in the category "Analytics". This SHARE PURCHASE AGREEMENT (this "Agreement"), dated as of November 18, 2020, is made by and among Nasdaq, Inc., a Delaware corporation ("Parent"), Osprey Acquisition Corporation, a corporation existing under the CBCA and a wholly owned subsidiary of Parent ("Buyer" and collectively with Parent, "Buyer Parties"), Verafin Holdings Inc., a corporation existing under the CBCA . session and campaign data and also keeps track of site usage for the site's analytics report. The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. relationships, operating results, and business generally. Sign up to receive the latest educational resources about today's financial For over 25 years, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading software, information services and Internet companies. Operating Status Active. Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! To track previous page view id and url. Verafin Inc. Website. This press release includes certainnon-GAAPfinancial measures, including organic revenue growth and non-GAAP operating expenses. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction and Nasdaqs plans, objectives, expectations and intentions with respect to its business andVerafin. The equity and debt financing follows a period of sustained and rapid growth at Verafin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. 2020 Annual Report. Strengthens Verafin as a center of innovation and technology within the province of Newfoundland and. This investment by Nasdaq, a global Create your Watchlist to save your favorite quotes on Nasdaq.com. ARR is not a forecast and the active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by customers. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Nasdaq believes presentation of these measures provides investors with greater transparency and supplemental data relating to financial condition and results of operations. Verafin is the industry leader in enterprise Financial Crime Management, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. By clicking Accept, you consent to the use of ALL the cookies. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. Verafin uses artificial intelligence and machine learning for cross-institutional, multi-channel analysis to show you truly unusual activity with a single alert, saving you time and providing you with the information you need to decide how to proceed. This cookie is used to store the user consent for the cookies in the category "Performance". The cookie is used to store if a user has or has not consented to the use of cookies. This cookie is used by Leadlander. The Logic 2023 The Logic Inc. All Rights Reserved. This documentary-style series follows investigative journalists as they uncover the truth. This cookie is used to store the user consent for the cookies in the category "Necessary". Analytical cookies are used to understand how visitors interact with the website. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Microsoft Clarity cookie. Verafin is funded by 10 investors. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Microsoft Clarity cookie is used to identify the first-time Clarity sees this user on any site using Clarity. measures, including organic revenue growth, non-GAAP EBITDA and ROIC. SaaS companies. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Records the default button state of the corresponding category & the status of CCPA. In the first quarter of 2019, Verafin hit $100 million in annual recurring revenue growth of 87 per cent since the beginning of 2017. Leveraging its robust big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin can significantly reduce false positive alerts, deliver context-rich insights and streamline the daunting BSA/AML compliance processes that financial institutions face today. At Nasdaq, we believe that fair, secure and transparent markets are vital to creating strong economies that move the world forward, said Adena Friedman, President and Chief Executive Officer, Nasdaq. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces its usefulness as a comparative measure. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. We are an industry pioneer in anti-financial crime management solutions, with a mission to create the worlds most effective crime-fighting network. Leveraging its robust big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin can significantly reduce false positive alerts, deliver context-rich insights and streamline the daunting BSA/AML compliance processes that financial institutions face today. Quarterly Cloud . A reconciliation of non-GAAP forward looking information to their corresponding GAAP measures Verafin's. Read our 2022Proxy Statement and Form 10-K. NEW YORK and ST. JOHNS, Newfoundland and Labrador, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, announced today the completion of its acquisition of Verafin, an industry pioneer in anti-financial crime management solutions. $=jQuery; proposed transaction on the market price of Nasdaqs common stock or on Nasdaqs operating results; significant transaction costs; unknown liabilities; the risk of litigation or regulatory actions related to the proposed transaction; Based in St. Johns, Newfoundland and Labrador and founded in 2003, Verafin provides more than 2,000 financial To this end, Nasdaq A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Looking ahead, Verafins capabilities will be expanded to service a global ecosystem of Tier-1 and Tier-2 banks and broker-dealers, many of which currently leverage Nasdaqs technology to detect market manipulation and abuse. future levels of Nasdaqs indebtedness, including additional indebtedness that may be incurred in connection with the proposed transaction; and the effect of the announcement or pendency of the transaction on Verafins business Visit www.verafin.com, email info@verafin.com or call 1.877.368.9986. Copyright 2019, Verafin Solutions ULC All rights reserved. Used by Microsoft Advertising as a unique ID for visitors. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. Quarterly results Annual reports SEC filings Financial strength rating with U.S. GAAP. 2023, Nasdaq, Inc. All Rights Reserved. Articles, Webinars, White Papers and more. Quarterly results Annual reports SEC filings Letters to shareholders Financial strength rating Financials Letters to shareholders Read the latest message from Markel's co-chief executive officers to our business partners. Sign up to receive the latest educational resources about today's financial Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law. opportunities in the province and the country., Friedman continued, In addition to Verafins significant contribution to Nasdaqs extraordinary growth and stellar client retention. For more information, visit http://www.informationvp.com. By clicking Accept, you consent to the use of ALL the cookies. This cookie is used to store user's last activity, it is created by user's last activity time following with a unique multiple-digit number as session ID.
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