This cookie is to record user's consent for the cookies in the category "Functional". 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 Verafin expects to deliver in excess of US$140million4 in revenue in 2021, representing an implied multiple of approximately 19.5x revenue, in line with high-growth Nasdaqs and US$2 trillion in laundered money flows through the financial system annually according to the United Nations, and criminals continue to find sophisticated methods for moving funds undetected. Breaking down Nasdaq's US$2.75-billion deal for Newfoundland tech teamwork, entrepreneurship, and a commitment to continued growth and development. Over 2,000 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. The cookie is used to analyse the website's visitors and monitor traffic patterns. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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 financing round with our long-term partners Spectrum Equity and IVP allows Verafin to accelerate our investments in product innovation and customer success, and continue our progress in market penetration of larger financial institutions, said Jamie King, CEO of Verafin. Form 10-K | Investor.gov leading trade and market surveillance solution, will empower Nasdaq to play an increasingly important role in building stronger economies around the world, said Adena Friedman, President Please refer to our, By entering your e-mail, you consent to receiving commercial electronic messages from The Logic Inc., containing news, updates, offers or promotions about The Logic Inc.'s products and services. ET, Nasdaq will host a webcast presentation to discuss the transaction. in place and continue to lead the companys growth. 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 . The acquisition of Verafin is expected to deliver EPS accretion beginning in 2022 and meet Nasdaqs ROIC, or Verafins innovative anti-money laundering and fraud platform and client breadth. This cookie is used to store the user consent for the cookies in the category "Necessary". 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. Phone Number 877.368.9986. for Masters and PhD students. This cookie is used to store the referral link when a user initially discovers on Verafins website. William Blair& Company acted as financial advisor to Verafin in connection with the transaction. Corporate and Investor Relations Contact However you may visit Cookie Settings to provide a controlled consent. LinkedIn sets the lidc cookie to facilitate data center selection. Forward-looking statements 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. Scotiabank and BDC Venture Capital are the most recent investors. employment base, Nasdaq will work closely with Memorial University to grow its scholarship program at the University, enhance its co-op programs, and fund and supervise at least six Mitacs fellowships annually This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID. The cookie is a session cookie and is deleted when all the browser windows are closed. Analytical cookies are used to understand how visitors interact with the website. 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All Rights Reserved. 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. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. Verafin has grown at a compound annual revenue growth rate of approximately 30% over Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Verafin Inc - Company Profile and News - Bloomberg Markets Visit www.verafin.com, email [email protected] or call 1.877.368.9986. The company's line of business includes providing computer programming services. Visitwww.verafin.com, [email protected] call 866.781.8433. 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. 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. Verafin Company Profile | Management and Employees List - Datanyze Used by Microsoft Advertising as a unique ID for visitors. Verafin Inc Company Profile | St. John's, NL, Canada | Competitors Verafin, the world's largest financial crime management software company, announced today the completion of a C$515 million equity and debt recapitali . Verafin, a Nasdaq company, is an industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML. Also, cash aggregation reports from the financial institution's core system used to identify needed CTRs would not be considered a model. This cookie is to store the resource that was in user's last activity. 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. Excludes the impact of purchase accounting write-down on deferred revenue. LinkedIn sets this cookie, to store consent to use cookies for non-essential purposes. Nasdaq believes presentation of these measures provides investors with greater transparency and supplemental data relating to financial condition and results of operations. LinkedIn sets this cookie to remember a user's language setting. When used in this communication, words such as intends, plans, www.verafin.com Contact Information Headquarters 570 Newfoundland Dr, St. John S, Newfoundland and Labrador, A1A 5B1, Canada (877) 368-9986 Verafin Profile and History We are an industry pioneer in anti-financial crime management solutions, with a mission to create the worlds most effective crime-fighting network. Articles, Webinars, White Papers and more. To identify unique web browsers visiting Microsoft sites. Nasdaq to Acquire Verafin, Creating a Global Leader in the Fight Against Financial Crime. Verafin Usa's Annual Report & Profile shows critical firmographic facts: What is the company's size? demands innovative action. This information should be considered as supplemental in nature and is not meant as a substitute for operating results in accordance with U.S. GAAP. Funding Rounds Number of Funding Rounds 5 Total Funding Amount $454M Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads, according to the user profile. The cookie stores information anonymously and assigns a randomly generated number to recognize unique . Our intelligent risk categorization approach identifies, segments, stratifies and actively monitors ongoing high-risk customer activity. Spectrum Equity, hub. and infrastructure provider. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. This cookie is used to store the user consent for the cookies in the category "Analytics". 1.866.781.8433. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Nasdaq is committed to growing Verafins business and creating opportunities for their employees. Verafin: Financial Crime Management Solutions for Financial Institutions ARR does not have any standardized Wachtell, Lipton, Rosen& Katz and Blake, Cassels& Graydon LLP served as legal advisors to Nasdaq. Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads, according to the user profile. Report incorrect company information. Visit www.verafin.com, email [email protected] or call 866.781.8433. a leading growth equity investor based in Boston and San Francisco, and Information Venture Partners, a leading FinTech-focused venture capital firm based in Toronto, both significant investors in Verafin, have agreed to sell their stake as part of At the time, Verafin CEO Jamie King said the windfall would allow the companythe biggest tech firm in the provinceto keep growing while remaining independent. This cookie is used to store the user consent for the cookies in the category "Performance". 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. This press release includes certainnon-GAAPfinancial measures, including organic revenue growth and non-GAAP operating expenses. 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. LinkedIn sets the lidc cookie to facilitate data center selection. 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. We look forward to working with Jamie and the rest of the Verafin team to continue to support their product-innovation led go-to-market strategy that has enabled the Companys explosive growth., Dave Unsworth, General Partner at IVP added, Verafin is in the very early innings of its mission to create the worlds most effective crime fighting network. LinkedIn cookie, to store data about the time when a synchronization took place with the cookie lms_analytics for users in the designated countries. The Verafin deal was announced almost 10 years to the day after Danny Williams called everyone into a St. John's hotel room to unveil the Muskrat Falls megaproject. Software Updates. 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. Verafins research and development. Further information on these and other risks and uncertainties relating to Nasdaq can be found in its Investors should not rely on any single financial measure when evaluating these businesses. 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. Verafin's blockbuster sale: A tech success story, decades in the - CBC 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. LinkedIn sets this cookie for LinkedIn Ads ID syncing. Nasdaq buying N.L. online security company Verafin in $2.75B US deal - CBC Visitwww.verafin.com, [email protected] call 866.781.8433. This cookie is used to store the user consent for the cookies in the category "Necessary". displacing legacy providers and manual processes with its cloud-based, state-of-the-art, market-proven solution. Investors should not rely on any single financial measure when evaluating these businesses. This cookie is used to record the user consent for the cookies in the "Advertisement" category. By clicking Accept, you consent to the use of ALL the cookies. Verafin Inc was founded in 2003. 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. 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. This cookie is used to record the user consent for the cookies in the "Advertisement" category. Represents one of the largest ever growth financings of a Canadian software business, Funding will accelerate Verafins product innovation roadmap and the expansion of sales and marketing initiatives into large financial institutions. Nasdaq also received financial advice from BofA Securities, Goldman LinkedIn sets this cookie for LinkedIn Ads ID syncing. privacy. 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. 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.

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