(RTTNews) – Nasdaq, Inc. (NDAQ) and Verafin reached a final agreement for Nasdaq to acquire Verafin for US$2,750 million. Nasdaq said the acquisition strengthened the company’s existing regulatory generation and responses to combat monetary crime. Nasdaq expects the acquisition to increase, generate a profit accumulation consistent with a consistent percentage starting in 2022, and succeed in the company’s ROIC, or roll back in invested capital and TIR targets.
Headquartered in St. John’s, Verafin provides more than 2,000 monetary establishments in North America with a cloud-based platform to detect, investigate and report cash laundering and monetary fraud. Verafin’s effects will be presented in the Nasdaq Market Technology segment.
Nasdaq said that after the acquisition, the company raised the prospect of expanding medium-term annualized biological gains for its market technology to 13-16% (from 8-11% previously).