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This transaction will enable NASDAQ to offer Shareholder.com's comprehensive suite of investor relations and intelligence services to its 3,200 listed companies and other publicly held companies. Shareholder.com has been a strategic member of the NASDAQ Corporate Services NetworkSM since October 2004.
Bruce Aust, executive vice president of NASDAQ commented, “NASDAQ is continuing to find new ways to support public companies by offering investor relations and other services essential to operating a publicly held company.” He continued, “NASDAQ has focused on partnering with the best service providers for its companies and clearly Shareholder.com is best in class for shareholder services. This acquisition furthers our strategy to maximize the value companies receive from NASDAQ, and to attract new listings. It is also in keeping with NASDAQ's philosophy to maximize transparency and to give investors equal access to information.”
“Shareholder.com and NASDAQ have developed a very successful relationship in the 15 months we've been working together that's strongly benefited our client companies,” commented Ronald Gruner, Shareholder.com's founder and president. “This acquisition is the logical next step that assures we will continue providing the most innovative technology and client satisfaction to public companies.”
Investor relations services and consulting are integral to the suite of services offered by NASDAQ's Corporate Client Group. This acquisition follows NASDAQ's September 2005 purchase of Carpenter Moore, management liability insurance specialists, and the creation of Independent Research Network, a joint venture with Reuters to provide public companies with research coverage.
NASDAQ's acquisition encompasses Shareholder.com's three offices, located in Maynard, Massachusetts, San Francisco, and Amsterdam.
The transaction is expected to close in the first quarter of 2006.
