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Nasdaq to pay $ 2.75 billion in cash to buy anti-financial crime company Verafin



Nasdaq Inc. NDAQ,
-1.28%
announced on Thursday a deal to buy private financial crime management company Verafin for $ 2.75 billion in cash. Based in Canada, Verafin provides more than 2,000 financial institutions with a cloud-based platform for detecting, investigating and financial fraud and money laundering reporting. Nasdaq expects the deal, which is expected to close in the first quarter of 2021, to be added to gains starting in 2022. “In addition to Verafin̵

7;s significant contribution to Nasdaq’s strategic ambitions, the acquisition also contributes to our goal of being a leading provider of cloud-based SaaS solutions for global capital markets and beyond, “said Nasdaq CEO Adena Friedman.” This combination significantly accelerates the development of our business mix to highly scalable subscription revenues. “Shares that are still inactive in pre-trade, have gained 14.6% in a year, while the S&P 500 SPX,
-1.15%
has advanced by 10.4%.


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