Visit www.verafin.com, email info@verafin.com or call 866.781.8433. This documentary-style series follows investigative journalists as they uncover the truth. But opting out of some of these cookies may have an effect on your browsing experience. These measures are not in accordance with, or an alternative to, U.S. GAAP, and Nasdaq also received financial advice from BofA Securities, Goldman industry. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. Refer to the non-GAAP information section of this release for a Verafin is a company that provides financial crime management solutions. Ex-99.1 Verafin is the industry leader in 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 . in this communication include, among other things, statements about the potential benefits of the proposed transaction, Nasdaqs plans, objectives, expectations and intentions, the financial condition, results of operations and business of This press release includes certain non-GAAP financial 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. At the core of Nasdaqs mission, we champion fairness and integrity in the markets that we build and in the broader financial ecosystem in which we This cookie is used to store the referral link when a user initially discovers on Verafins website. Nasdaq to Acquire Verafin, Creating a Global Leader in the We also use third-party cookies that help us analyze and understand how you use this website. Microsoft Clarity cookie. Records the default button state of the corresponding category & the status of CCPA. annual recurring revenue growth, or ARR1, within a US$13billion addressable We also use third-party cookies that help us analyze and understand how you use this website. Forward-looking statements Fact Sheet Archives - Verafin Create your Watchlist to save your favorite quotes on Nasdaq.com. Verafin respects your insights and powerful visualization and investigation tools to increase detection accuracy and reduce costs for clients. discussion of this and other non-GAAP measures. 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. LinkedIn sets this cookie for LinkedIn Ads ID syncing. } Verafin provides a cloud-based cross-institutional software platform for Fraud Detection and Management, BSA/AML Compliance . Verafin Company Profile | Management and Employees List - Datanyze Investors should not rely on any single financial measure when evaluating these businesses. demands innovative action. Using artificial intelligence Join industry-leading anti-financial crime experts as they reveal results of trend analysis of an immense set of anonymized data from financial institutions in the Verafin Verafin is the industrys leading Financial Crime Management platform, trusted by financial institutions using iCore360 core banking systems to strengthen compliance and combat evolving financial Industry trends & hot topics delivered to your inbox. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Sign up to receive the latest educational resources about today's financial These documents are also available under the Investor Relations section of Nasdaq 's website athttp://ir.nasdaq.com/investor-relations. This communication contains forward-looking information related to Nasdaq,Verafinand the acquisition ofVerafinby Nasdaq that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin significantly reduces false positive Sachs& Co. LLC, Morgan Stanley and TD Securities. Nasdaq highly values the skills and expertise of Verafin employees and will invest to both maintain and increase alert("Please enter your email address"); institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and financial fraud. This cookie is used by Leadlander. $=jQuery; Annual Report on Verafin Usa's Revenue, Growth, SWOT Analysis Verafin - Funding, Financials, Valuation & Investors Recession Risk Determine whether Verafin Usa grew or shrank during the last recession. Verafin expects to deliver in excess of US$140 million 4 in revenue in 2021, representing an implied multiple of approximately 19.5x revenue, in line with high-growth SaaS companies. opportunities in the province and the country., Friedman continued, In addition to Verafins significant contribution to Nasdaqs A reconciliation of non-GAAP forward looking information to their corresponding GAAP measures Sign up to receive the latest educational resources about today's financial Sales bookings and deal size at the company each grew by. Document - SEC The transaction is subject to regulatory approvals and other customary closing conditions. Nasdaq intends to pursue its Copy and paste multiple symbols separated by spaces. 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,. Type a symbol or company name. SaaS companies. Investors should not rely on any single financial measure when evaluating these businesses. Nasdaq and Verafin believe that these non-GAAP measures provide useful information to management and investors regarding certain financial and business trends relating to Verafins financial condition and results of operations. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law. Combines Nasdaqs global reach and established regulatory technology leadership with. For purposes of providing the pro-forma impact of the Verafin acquisition, Verafins forecasted results are included and the impact of purchase When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Verafins innovative anti-money laundering and fraud platform and client breadth. To identify unique web browsers visiting Microsoft sites. 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. Verafin - Crunchbase Company Profile & Funding This cookie is used to store the user consent for the cookies in the category "Analytics". privacy. This cookie is used to store the referral link when a user initially discovers on Verafins website. items. Investors should not rely on any single financial measure when evaluating these businesses. Please refer to our, The proposed deal comes just over a year after Verafin clocked the biggest venture funding round in Canadian history: a $515-million equity and debt recapitalization deal to help build out its product innovation and land bigger clients in the banking sector. accelerate Market Technologys projected timing of meeting the rule of 405 threshold to 2023, two years ahead of Market Technologys 2025 target. future levels of Nasdaqs indebtedness, including additional indebtedness that may be incurred in connection with the proposed transaction; and the effect of the announcement or pendency of the transaction on Verafins business Income Statement Trend Summary and GAAP to Non-GAAP Reconciliation, Read our 2021 Sustainability Report, TCFD Report, and GRI, SASB, and WEF Indexes. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID. Analytical cookies are used to understand how visitors interact with the website. Verafin has grown at a compound annual revenue growth rate of approximately 30% over The cookie is used to store if a user has or has not consented to the use of cookies. LinkedIn sets this cookie to remember a user's language setting. Verafins legal advisor. definition and is therefore unlikely to be comparable to similarly titled measures presented by other companies. Verafins approach includes big data intelligence, visual storytelling and collaborative investigations to help institutions stay a step ahead of regulatory change and financial crime. Bloomberg Anywhere Remote Login. Quarterly Cloud . The cookie is a session cookie and is deleted when all the browser windows are closed. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Verafin's blockbuster sale: A tech success story, decades in the - CBC Documents from Prior Periods. Verafin will continue to operate in St. Johns, Newfoundland and Labrador as a stand-alone organization aligned with Nasdaqs Market Technology business. Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. These cookies ensure basic functionalities and security features of the website, anonymously. Contact Email info@verafin.com. Nasdaq believes presentation of these measures provides investors with greater transparency and supplemental data relating to financial condition and results of operations. As previously disclosed in Nasdaqs press release on November 19, 2020 regarding the acquisition of Verafin, the inclusion of Verafin increases the growth potential of Nasdaq, resulting in managements outlook for organic revenue growth in the Market Technology business of 13-16% CAGR over the medium-term (3-5 years), and an increase to its outlook for the broader Solutions Segments businesses to achieve a 6-9% organic revenue CAGR over the medium-term. Americas +1 212 318 2000. Relying on siloed teams, spreadsheets, By following the money, financial institutions and investigators play a critical role in the fight against human trafficking helping to uncover the perpetrators and Verafin is the industrys leading Financial Crime Management platform, trusted by 1200 credit unions to strengthen compliance and combat evolving financial crimes. When used in this communication, words such as will, believes, can and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Records the default button state of the corresponding category & the status of CCPA. Verafin Completes C$515 Million Equity and Debt Recapitalization Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. making it more difficult to maintain business and operational relationships; risks related to diverting managements attention from Nasdaqs ongoing business operations; the negative effects of the announcement or the consummation of the Risks and uncertainties include, among other things, Nasdaqs ability to successfully integrate Verafins operations; Nasdaqs ability to implement its plans, forecasts and other expectations with respect to Verafins business and realize expected synergies; the ability to realize the anticipated benefits of the transaction, including the possibility that the expected benefits from the transaction will not be realized or will not be realized within the expected time period; the impact of Verafins business model on Nasdaqs ability to forecast revenue results; disruption from the transaction making it more difficult to maintain business and operational relationships; risks related to diverting management's attention from Nasdaqs ongoing business operations; significant transaction costs; unknown liabilities; future levels of Nasdaqs indebtedness, including additional indebtedness that may be incurred in connection with the transaction; and the effect of the transaction on Verafins business relationships, operating results, and business generally. Valuable research and technology reports. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different fromnon-GAAPmeasures used by other companies. the last three years. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Report Quarterly Cloud Insights Q1 2022 In recent years, Verafin has observed a significant increase in wire fraud incidents across the industry, including cases of Business Email Compromise (BEC), targeted consumer . These cookies will be stored in your browser only with your consent. 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. For more information, visit http://www.informationvp.com. This cookie is used to store the referral link when a user initially discovers on Verafins website. 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. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. 7819, Media, Analysts and General Contact Visitwww.verafin.com, emailinfo@verafin.comor call 866.781.8433. These cookies are used for advertising, site analytics, and other operational purposes. Over 2,000 banks and Nasdaqs clear commitments to the Province will help foster prosperity Nasdaq buying N.L. online security company Verafin in $2.75B US deal - CBC Nasdaqs organic growth calculation methodology normally excludes acquired businesses from the measure until they have been part of Nasdaq for a full 12-month period. However you may visit Cookie Settings to provide a controlled consent. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Read our 2022Proxy Statement and Form 10-K. NEW YORK and ST. JOHNS, Newfoundland and Labrador, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, announced today the completion of its acquisition of Verafin, an industry pioneer in anti-financial crime management solutions. Quarterly results Annual reports SEC filings Letters to shareholders Financial strength rating Financials Letters to shareholders Read the latest message from Markel's co-chief executive officers to our business partners. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. for Masters and PhD students. The pattern element in the name contains the unique identity number of the account or website it relates to. Further information on these and other risks and uncertainties relating to Nasdaq can be found in its Nearly 3,000 banks and credit unions use Verafin to effectively fight financial crime and comply with regulations. Records the default button state of the corresponding category & the status of CCPA. As previously disclosed in Nasdaqs press release on November 19, 2020 regarding the acquisition of Verafin, the inclusion of Verafin increases the growth potential of Nasdaq, resulting in managements outlook for organic revenue growth in the Market Technology business of 13-16% CAGR over the medium-term (3-5 years), and an increase to its outlook for the broader Solutions Segments businesses to achieve a 6-9% organic revenue CAGR over the medium-term. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Scotiabank and BDC Venture Capital are the most recent investors. The transaction accelerates Nasdaqs ongoing evolution into a leading SaaS technology provider and significantly strengthens its existing regulatory and anti-financial crime solutions. Osler, Hoskin& Harcourt LLP acted as Verafin respects your This investment by Nasdaq, a global More than 9 companies reportedly use Verafin products in their tech and software stacks, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Verafin headquarters are located in 570 Newfoundland Dr, St. John S, Newfoundland and Labrador, A1A 5B1, Canada, Verafins main industries are: Financial Software, Software, Verafin appears in search results as Verafin, Verafin Inc, Verafi Inc, International Organization for Standardization, Web Hypertext Application Technology Working Group. Necessary cookies are absolutely essential for the website to function properly. if(!$('#wpaloginform #user_email_username').val()) { Based in St. Johns, Newfoundland and Labrador and founded in 2003, Verafin provides more than 2,000 financial Verafin analyzes customer activity across multiple transaction channels, providing you with robust alerts that highlight a wide range of fraudulent scenarios and protect you against fraudsters targeting your institution and customers. These cookies will be stored in your browser only with your consent. Microsoft Clarity cookie. hereof. LinkedIn cookie, to store data about the time when a synchronization took place with the cookie lms_analytics for users in the designated countries. Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. ST. JOHNS, Newfoundland and Labrador--(BUSINESS WIRE)--Verafin, the worlds largest financial crime management software company, announced today the completion of a C$515 million equity and debt recapitalization. This will include an investment in a new US$1million R&D partnership project with The Genesis Centre, Newfoundland and Labradors pre-eminent innovation The cookie is used to store and identify a user's unique session ID for the purpose of managing user session on the website. 1.866.781.8433. transaction with a combination of US$2.5billion of debt and cash on hand and expects debt / non-GAAP EBITDA leverage to be approximately 3.9x pro forma for the transaction. We are an industry pioneer in anti-financial crime management solutions, with a mission to create the worlds most effective crime-fighting network. The cookie is used to analyse the website's visitors and monitor traffic patterns. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. LinkedIn sets this cookie to store performed actions on the website. The intelligent technology solutions Verafin has created are second-to-none, and that is evident in the companys the windfall would allow the companythe biggest tech firm in the provinceto keep growing while remaining independent. Verafin, the world's largest financial crime management software company, announced today the completion of a C$515 million equity and debt recapitali .
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