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Nasdaq to acquire investment data and analytics company eVestment for $705 million

Nasdaq has announced plans to acquire eVestment, a data and analytics platform for the investment industry, in a $ 705 million deal. The transaction will be funded through a mixture of cash and debt. Founded out of Georgia in 2000, eVestment offers a range of subscription cloud-based services geared toward helping institutional investors spot trends, track the best investment managers, and…

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Nasdaq to buy analytics firm eVestment for $705 million

© Reuters. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York (Reuters) – U.S. exchange operator Nasdaq Inc said on Tuesday it would buy investment analytics provider eVestment Alliance LLC for $ 705 million to broaden its reach to buy-side clients. Evestment, whose cloud-based services help institutional investors monitor market trends and make in… Stock Market News

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