NEW YORK: NASDAQ OMX has completed its acquisition of Thomson Reuters' public relations, investor relations, and multimedia services businesses.
The $390 million deal, which closed on Monday, expands NASDAQ OMX's corporate solutions business to about 10,000 clients in more than 60 countries. It also boosts the exchange operator's offerings in areas such as press release distribution, PR and social media monitoring, and webcasting.
With the transaction, the global technology solutions division will become the largest unit by revenue within NASDAQ OMX, said Demo Skalkotos, SVP of corporate solutions at the company. In January, NASDAQ OMX combined its corporate solutions and market technology businesses into the newly created global technology solutions division.
The acquired services will retain the Thomson Reuters branding until NASDAQ OMX rebrands them, Skalkotos said.
Last month, NASDAQ OMX entered the virtual data room industry with the launch of WorkSpace, a cloud computing platform that will help communicators and executives share and store sensitive corporate information.