Nasdaq OMX agrees to acquire software firm BWise

May 4th, 2012 by Manmohan Leave a reply »

Nasdaq will acquire BWise, a firm that sells software to companies for assessing compliance with regulations.

Nasdaq OMX, which operates the Nasdaq Stock Market and several foreign exchanges, didn’t disclose the purchase price.

As a result of the acquisition, Nasdaq said it can give companies the ability to track, measure and manage key risks, including the risk of failing to comply with regulations.

BWise, which was established in 1994, is based in the Netherlands and also has offices in the U.S., Germany, France and Britain.

Shares of New York’s Nasdaq OMX Group Inc. fell 32 cents to $23.77, their low for the day, in midday trading Thursday amid an overall decline in stocks.

Source:http://www.businessweek.com/ap/2012-05/D9UHAVFO0.htm

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