NEW YORK, Nov. 4, 2008 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that it has acquired Chicago-based Bloom Partners, a leading market intelligence firm.
This combination will enable NASDAQ OMX and the newly formed Pinpoint Market Intelligence - Bloom Partners to offer an enhanced suite of intelligence services to its approximately 3,900 listed companies as well as NYSE-listed companies. Bloom Partners represents many of the largest and best known corporations in the world. The terms of the deal were not released.
The Pinpoint Market Intelligence - Bloom Partners service provides analysis that helps companies identify the buyers and sellers who move their stock price. Additionally, the service delivers unique insight regarding the investment characteristics and possible motivations of those buyers and sellers.
"With market volatility and uncertainty the norm, a trusted advisor is more important than ever. NASDAQ OMX has always been proactive in developing cutting edge services, and this acquisition is a further demonstration of our commitment to meeting and anticipating the needs of public companies," said Magnus Bocker, President of NASDAQ OMX. "The Bloom methodology has been a respected standard in the surveillance industry. Many clients have worked with Bloom-led teams for 10-20 years, demonstrating the value of his counsel and analysis."
"This combination allows my team access to NASDAQ OMX, a premier exchange and technology company with a footprint in a variety of sectors around the world," said Tom Bloom, President of Bloom Partners. "When combined with the experience of the teams, NASDAQ OMX will further drive its competitive advantages and services to public companies," he added.
"Many issuers feel that timely intelligence relating to their institutional shareholder base is the core differentiator in choosing an integrated stock intelligence and communication offering to the C-Suite," said John Vogt, Vice President of NASDAQ OMX.
He continued, "With this acquisition, NASDAQ OMX now has the most experienced team and best intellectual capital in the shareholder analysis business."
NASDAQ's acquisition encompasses Bloom Partners office in Oak Brook, Illinois. Bloom Partners is known for its high quality market intelligence and its long-standing client base.
NASDAQ OMX established a sales support office in Chicago in 1999 which services 730 listed companies with a combined $500 billion of market cap in the nation's central region.
Pinpoint Market Intelligence is an informed analysis of institutional purchases and sales of a specific stock. This analysis of trading is provided on a confidential basis to the issuer and is used for ongoing measurement and benchmarking of investor relations program effectiveness and prioritizing management and staff time spent with investors. Pinpoint Market Intelligence is available to all public companies as part of the synchronized suite of investor relations services from Shareholder.com, a NASDAQ OMX company, and is available to NASDAQ-listed companies through the NASDAQ Market Intelligence Desk.
The NASDAQ Market Intelligence Desk is designed to provide issuers with a critical touch-point for timely trading analysis and market information. The Desk, established in 2002, consists of a team of market professionals, all working to keep listed companies on top of the market with up-to-the-minute information. Each company is provided with their own 800 number and can access a member of the MID desk at any time during the trading day.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX technology supports the operations of over 60 exchanges, clearing organizations and central securities depositories in more than 50 countries. OMX Nordic Exchange is not a legal entity but describes the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com/.
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