Nasdaq acquires Quandl to move into alternate data

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Nasdaq has acquired Quandl to combine its data with Nasdaq’s existing Analytics Hub business within Global Information Services. 

With the acquisition, Nasdaq wants to reposition itself as a capital markets technology and analytics provider, considering the current pressure of the exchange over market data fees.

Terms of the deal were not disclosed. It was only last year that the firm paid $705 million to buy another a data, content and analytics platform, eVestment.

Bjorn Sibbern, head of Nasdaq’s global information services unit, says: “Quandl will allow Nasdaq to partner more closely with the investing community as the industry continuously seeks ways to evaluate an endless supply of information to drive new insights, investment ideas and deliver alpha”

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