Nasdaq to Acquire Verafin


Nasdaq announced that they have entered into a definitive agreement for Nasdaq to acquire Verafin for US$2.75 billion in cash.


The sale is still subject to customary adjustments.


The St. John's based Verafin, an industry pioneer in anti-financial crime management solutions, provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and financial fraud.


The agreement will combine Verafin’s suite of anti-financial crime management products with Nasdaq’s reach and established regulatory technology leadership to create a global SaaS leader in the fight against financial crime, a worldwide problem that demands innovative action.


Verafin’s headquarters will proudly remain in St. John’s and its executive leadership team will remain in place and continue to lead the company’s growth.

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