Carousel Capital announced today that its portfolio company, Mergent, Inc., has sold its index business to The NASDAQ OMX Group, Inc. NASDAQ OMX issued the following press release concerning the sale:
The NASDAQ OMX Group, Inc. (NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced it has agreed to acquire the index business of Mergent, Inc., including Indxis. Mergent is an established index provider and a renowned supplier of business and financial data on global publicly listed companies.
Mergent is the creator of the Dividend AchieversTM Indexes, the leading index family that tracks companies with strong long-term dividend growth. Mergent has been tracking companies with outstanding dividend records since 1979. Products based on the Dividend Achievers Indexes are offered by major investment management firms worldwide. Indxis is also an expert provider of index calculation services to a wide spectrum of clients in the financial services industry.
With this acquisition, NASDAQ OMX Global Indexes will become one of the largest providers of dividend-themed indexes based on benchmarked assets and will further enhance its custom index offering capabilities and services. Assets under management of exchange traded funds licensed by NASDAQ OMX Global Indexes are expected to increase 30% as a result of the acquisition.
"As the investment landscape continues to evolve, we see the increased need for indexes to provide rules-based and transparent benchmarks for dividend- and income-themed investments," said NASDAQ OMX Executive Vice President John Jacobs. "NASDAQ OMX is continually motivated to provide the most robust index benchmarks for all asset categories and is excited to bring in the leading benchmarks of dividend indexes under the NASDAQ OMX index umbrella. NASDAQ OMX looks forward to continuing the Mergent's long-held tradition of developing indexes in the income space."
"This is a powerful combination of market leadership and innovation," said Mergent, Inc. CEO Jonathan Worrall. "Our industry-leading indexes and calculation business coupled with NASDAQ OMX's track record of developing innovative and transparent portfolios of indexes will deliver better benchmarks and tools for product sponsors, investors and other market participants."
NASDAQ has determined the acquisition of the index business of Mergent, including Indxis, will be a non-material event.
NASDAQ OMX Global Indexes has been creating innovative, market-leading, transparent indexes since 1971. Today, our index offering spans geographies and asset classes and includes diverse families such as the US All Market, Nordic, Green Economy, Sharia and Commodity Indexes. We continuously offer new opportunities for financial product sponsors across a wide-spectrum of investable products and for asset managers to measure risk and performance. NASDAQ OMX Global Indexes also provides custom index services and design solutions to selected financial organizations.
Daily index values, weightings and historical data for NASDAQ OMX indexes are available via NASDAQ OMX Global Index Watch and NASDAQ OMX Global Index Data Service.
For more information about NASDAQ OMX Global Indexes, visit https://indexes.nasdaqomx.com/.
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 23 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99+% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (www.facebook.com/NASDAQ) and Twitter (www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's acquisition of the index business of Mergent, Inc., as well as NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
NASDAQ OMX Contact:
Carousel Capital (www.carouselcapital.com) is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 29 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.