Verafin

Nasdaq Wins Two RiskTech100® Awards and Jumps to Top 20 in RiskTech100® Global Ranking

Retrieved on: 
Tuesday, November 22, 2022
Software, Timeline of global surveillance disclosures (2013–present), NDAQ, AML, Organization, ESG, Google Marketing Platform, Risk, Information, American International Group, Direct Corporate Access, Catastrophe, Managed services, Verafin, Risk management, Nasdaq, Inc., Weapon, Cryptocurrency

NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced the company was recognized by Chartis’ annual RiskTech100® awards, the most comprehensive independent study of the world’s major players in risk and compliance technology. At the organization’s annual award ceremony, Nasdaq was awarded with category wins in Trade Surveillance and Managed Services: Financial Crime, and the company moved up to 18th place in RiskTech100®’s ranking of the top 100 players in the industry.

Key Points: 
  • Wins Awards in Trade Surveillance and Managed Services: Financial Crime Categories
    NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc .
  • (Nasdaq: NDAQ) today announced the company was recognized by Chartis annual RiskTech100 awards, the most comprehensive independent study of the worlds major players in risk and compliance technology.
  • Category specific awards were won in the Trade Surveillance category for Nasdaq Trade Surveillance and Nasdaq Market Surveillance, and the Managed Services: Financial Crime category for Nasdaq Trade Surveillance, Nasdaq Market Surveillance and Verafin AML and Fraud Detection solutions.
  • Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries.

Nasdaq Announces New Corporate Structure to Accelerate Strategy

Retrieved on: 
Wednesday, September 28, 2022
Carbon, Software, Workforce, American Marketing Association, ESG, Google Marketing Platform, COVID-19, Small Business Capital Access and Job Preservation Act, U.S. Securities and Exchange Commission, NEW, LinkedIn, Asset, Form 10-K, Forward-looking statement, Government, Intelligence, CEO, Fourth, NDAQ, Investment, Climate, Griggs, Verafin, GLOBE, Index, Communication, Blockchain, Federal Financial Markets Service, Cryptocurrency, Security (finance), Management, Risk management, Nordic, Nasdaq

NEW YORK, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today announced that it is organizing its business units into three divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime. This new structure will align the company more closely to the foundational shifts that are driving the evolution of the global financial system and evolving client needs.

Key Points: 
  • With over 10,000 corporate clients and 5,000 clients across the investment management ecosystem, Nasdaq is the worlds leading franchise serving the corporate issuer and investment community.
  • Griggs currently serves as Executive Vice President of Nasdaqs Corporate Platforms business and is responsible for listings and corporate solutions.
  • Nasdaq intends to publish its Fourth Quarter and Full Year 2022 results, as well as all future reporting, in alignment with the new corporate structure.
  • Such forward-looking statements include, but are not limited to, statements about the Companys new corporate structure, growth strategy and expectations, financial guidance and executive changes.

Nasdaq Establishes New Digital Assets Business

Retrieved on: 
Tuesday, September 20, 2022
Software, Adoption, American Marketing Association, Efficiency, Trust, NEW, LinkedIn, Senior, Asset, Growth, Industry, Auerbach, Technology, NDAQ, Solution, Leadership, Ecosystem, Verafin, GLOBE, Cryptocurrency, Nasdaq

NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the launch of “Nasdaq Digital Assets,” a new business that will power the digital asset ecosystem. The launch underpins Nasdaq’s ambition to advance and help facilitate broader institutional participation in digital assets by providing trusted and institutional-grade solutions, focused on enhanced custody, liquidity and integrity.

Key Points: 
  • Appoints Ira Auerbach, Former Global Head of Gemini Prime, to Lead New Business
    NEW YORK, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the launch of Nasdaq Digital Assets, a new business that will power the digital asset ecosystem.
  • Nasdaq Digital Assets builds upon the successful solutions we have introduced in recent years to serve the digital assets ecosystem, including marketplace technology for digital asset exchanges, crypto-native anti-financial crime offerings, and crypto-related index solutions for tradable products, said Adena Friedman, President and Chief Executive Officer, Nasdaq.
  • Nasdaq Digital Assets will initially develop an advanced custody solution that will incorporate liquidity and execution services to address industry challenges around connectivity, availability, and efficiency.
  • Nasdaq Digital Assets will be led by Ira Auerbach, Senior Vice President, Head of Digital Assets, who will oversee the teams strategic roadmap, growth targets, and product development.

Spectrum Equity Closes Fund X at $2 Billion

Retrieved on: 
Wednesday, July 27, 2022
Origami, Proskauer, Investment, Education, GLOBE, Spectrum Equity, AllTrails, Verafin, Partnership, Grubhub, Compliance, Data, Transport, Health, Spectrum, SurveyMonkey, Growth, Video game, Security (finance), GoodRx

BOSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Spectrum Equity , a leading growth equity firm, today announced the closing of Spectrum Equity X, L.P. ("Fund X") at a hard cap of $2 billion.Fund X was oversubscribed, receiving strong support from long-standing limited partners and select new investors.

Key Points: 
  • BOSTON, July 27, 2022 (GLOBE NEWSWIRE) -- Spectrum Equity , a leading growth equity firm, today announced the closing of Spectrum Equity X, L.P. ("Fund X") at a hard cap of $2 billion.Fund X was oversubscribed, receiving strong support from long-standing limited partners and select new investors.
  • Spectrum Equity provides capital and strategic support to internet-enabled software and data services companies across a range of industry verticals and has developed deep domain expertise and an established track record.
  • Consistent with Spectrum's prior funds, Fund X will invest in rapidly growing companies with scalable business models, persistent customer relationships, and emerging market leadership.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

Customer.io surpasses $30m ARR and raises financing from Spectrum Equity

Retrieved on: 
Thursday, March 10, 2022
BigQuery, Verafin, Blog, Founder CEO, SurveyMonkey, Customer engagement, Communication, SMS, Android, PLG, Microsoft, Snowflake, WhatsApp, Amazon Redshift, Spectrum Equity, ARR, IOS, Growth, Oregon Venture Fund, LinkedIn Learning, SDK, CEO, SQL Server, Video game, Mobile phone, Video game console, GoodRx

Customer.io raises financing from Spectrum Equity with participation from Oregon Venture fund.

Key Points: 
  • Customer.io raises financing from Spectrum Equity with participation from Oregon Venture fund.
  • Customer.io ended 2021 profitable for the year with annual recurring revenue (ARR) of $29.9m, up 78% from a year ago, and has now surpassed $30m ARR.
  • Colin adds, I chose Spectrum Equity because they understood the nuance of our business and are proven partners of founder-led businesses.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

PresenceLearning Acquires Global Teletherapy and Propels Next Phase of Growth with Majority Investment from Spectrum Equity and TPG’s Rise Fund

Retrieved on: 
Wednesday, December 8, 2021
Education, Health, Mental Health, Primary, Secondary, Origami, LinkedIn Learning, Company, Spectrum, Technology, Culture, Growth, Verafin, Agriculture, Bono, LLP, Mental health, K-12, SurveyMonkey, Food, CEO, Software, Industry, Grubhub, Partnership, P.C, Climate, Board, Health, Education, Choate, Hall & Stewart, Spectrum Equity, Person-centered therapy, Student, Gibson, Dunn & Crutcher, Instagram, United, Information services, TPG, Solution, Child, Acquisition, Human, School, Goal, Medicine, Risk management, Renewable energy, Pharmaceutical industry, Security (finance), PresenceLearning, Spectrum Equity, The Rise Funds, Bain Capital Double Impact, PRESENCELEARNING, SPECTRUM EQUITY, THE RISE FUNDS, BAIN CAPITAL DOUBLE IMPACT

The company has acquired Global Teletherapy , the leading teletherapy service provider to virtual K-12 schools, and has signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPGs multi-sector global impact investing strategy, to acquire a majority stake in the company.

Key Points: 
  • The company has acquired Global Teletherapy , the leading teletherapy service provider to virtual K-12 schools, and has signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPGs multi-sector global impact investing strategy, to acquire a majority stake in the company.
  • Together with this new team of investors, PresenceLearning will invest heavily in its next phase of growth.
  • Choate Hall & Stewart LLP provided legal counsel to Spectrum Equity and Gibson, Dunn & Crutcher LLP provided legal counsel to The Rise Fund.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

OTA Insight Raises $80M Series B Funding From Spectrum Equity to Bring Data-Driven Decisions to Hospitality Industry

Retrieved on: 
Thursday, November 18, 2021
Adoption, CEO, Technology, Industry, Information services, Solution, OTA, GLOBE, LinkedIn Learning, CCO, CFO, Marketing, Culture, SurveyMonkey, Spectrum Equity, Engineering, RMS, Growth, Intelligence, Verafin, Satellite navigation device, Tourism, Security (finance)

Spectrum Equity joins existing OTA Insight investors Eight Roads, F-Prime Capital and Highgate Technology Ventures.

Key Points: 
  • Spectrum Equity joins existing OTA Insight investors Eight Roads, F-Prime Capital and Highgate Technology Ventures.
  • OTA Insight delivers powerful data and analytics to optimize commercial decision-making across the hospitality industry.
  • The investment by Spectrum Equity will fuel OTA Insight's growth in key areas of product innovation, engineering, sales, and global expansion.
  • As part of the transaction, Steve LeSieur from Spectrum Equity will join the OTA Insight Board of Directors.

AllTrails Raises $150 Million Investment Led by Permira

Retrieved on: 
Wednesday, November 17, 2021
Physical fitness, Health, CEO, Consumer, Senior advisor, Technology, Software as a service, Health care, Information services, SAN, Running, COO, Nature, Investment, Boats Group, Fitness, Bruce, Science and technology in Asia, LinkedIn Learning, AllTrails, Catawiki, Collection, Permira, SurveyMonkey, Spectrum Equity, Spectrum, Verafin, Security (finance), Satellite navigation device

SAN FRANCISCO, Nov. 17, 2021 /PRNewswire/ -- AllTrails, the most trusted and used digital guide to the outdoors, today announced that it has raised $150 million from the growth fund of global private equity firm Permira, which backs leading tech-enabled and digital businesses. As part of the transaction, Spectrum Equity will remain the company's majority shareholder. The investment will accelerate the company's product development and international expansion, ultimately helping more people connect to the outdoors.

Key Points: 
  • The investment will accelerate the company's product development and international expansion, ultimately helping more people connect to the outdoors.
  • AllTrails is home to the largest collection of digital trail guides, with over 300,000 hiking, running, and mountain biking trails worldwide, and a community of over 30 million outdoor enthusiasts.
  • "AllTrails was built on the underlying principle that people and communities are happier and healthier when they spend time outside," said Ron Schneidermann, CEO of AllTrails.
  • AllTrails is frequently ranked as a top-5 Health and Fitness app and has been downloaded by over 40 million people worldwide.

AllTrails Raises $150 Million Investment Led by Permira

Retrieved on: 
Wednesday, November 17, 2021
Physical fitness, Health, CEO, Consumer, Senior advisor, Technology, Software as a service, Health care, Information services, SAN, Running, COO, Nature, Investment, Boats Group, Fitness, Bruce, Science and technology in Asia, LinkedIn Learning, AllTrails, Catawiki, Collection, Permira, SurveyMonkey, Spectrum Equity, Spectrum, Verafin, Security (finance), Satellite navigation device

SAN FRANCISCO, Nov. 17, 2021 /PRNewswire/ -- AllTrails, the most trusted and used digital guide to the outdoors, today announced that it has raised $150 million from the growth fund of global private equity firm Permira, which backs leading tech-enabled and digital businesses. As part of the transaction, Spectrum Equity will remain the company's majority shareholder. The investment will accelerate the company's product development and international expansion, ultimately helping more people connect to the outdoors.

Key Points: 
  • The investment will accelerate the company's product development and international expansion, ultimately helping more people connect to the outdoors.
  • AllTrails is home to the largest collection of digital trail guides, with over 300,000 hiking, running, and mountain biking trails worldwide, and a community of over 30 million outdoor enthusiasts.
  • "AllTrails was built on the underlying principle that people and communities are happier and healthier when they spend time outside," said Ron Schneidermann, CEO of AllTrails.
  • AllTrails is frequently ranked as a top-5 Health and Fitness app and has been downloaded by over 40 million people worldwide.

Zenwork Takes on First Funding With $163 Million Led by Spectrum Equity

Retrieved on: 
Tuesday, November 9, 2021
Compliance, LinkedIn Learning, Latham & Watkins, Spectrum Equity, Verafin, CEO, Technology, Information services, CPA, IRS, Kutak Rock, Automation, Regulatory technology, Information management, SurveyMonkey, GLOBE, Solution, Employment, API, Security (finance), Financial adviser

The company offers its customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences.

Key Points: 
  • The company offers its customers modern, cost-effective solutions that transform resource-intensive, manual processes into highly automated, digital experiences.
  • Zenwork currently serves over 100,000 small businesses nationwide, including 30,000 CPA firms, as well as large enterprises.
  • In conjunction with the transaction, Adam Margolin and Cameron Ghorbani of Spectrum Equity will join Zenwork's board of directors.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.