Nasdaq Buys Boardvantage for $200 Million

NEW YORKNasdaq, Inc. has agreed to acquire Boardvantage for $200 million.

Boardvantage is a leading provider of online solutions for Board of Directors. It also specializes in leadership collaboration and meeting productivity. Nasdaq recently purchased news release site Marketwired and the addition of Boardvantage is expected to strengthen Nasdaq’s position as a leading provider of services to corporations.

The integration between Nasdaq’s Directors Desk and Boardvantage’s collaboration platform will support board communication, efficient workflow and decision making for clients with highly secure, best-in-class technology, service and productivity tools.

“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, Nasdaq. “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.”

With over 10,000 clients worldwide, including 93% of the S&P 500 and the Dow 30, as well as 100% of the Nasdaq 100, Nasdaq Corporate Solutions empowers Investor Relations, Public Relations, Communications and Board Management professionals with best-in-class insight, information and tools from a single global provider to increase their efficiency and drive business success.

Further, Boardvantage clients will gain access to Nasdaq’s thought leadership program which includes governance best practice expertise from the company’s senior management and other distinguished corporate governance leaders. These clients will continue to be supported by Nasdaq’s commitment to information security, as each platform provides multiple security features for governance and workflow management all in one central location.

“This is an exciting day for Boardvantage,” said Joe Ruck, President and CEO, Boardvantage. “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.”

Boardvantage is based in Menlo Park, CA.