Nasdaq announces completion of sale of BWise to SAI Global
The deal is in line with Nasdaq’s strategy to maximize the company’s technology and analytics capabilities.
Less than two months after Nasdaq Inc (NASDAQ:NDAQ) first unveiled its plans to sell its enterprise governance, risk and compliance (GRC) software platform BWise, the completion of the sale is confirmed.
In an announcement on its website posted today, Nasdaq says the sale of BWise to SAI Global, a recognized leader of integrated risk management solutions, was successfully completed.
As previously guided, the deal is in tune with Nasdaq’s strategy to maximize the company’s technology and analytics capabilities, while also investing to enhance its leading marketplaces and the capital market clients it serves. Terms of the deal were not made publicly available.
Nasdaq notes that it remains dedicated to providing corporate clients with successful access to the capital markets, accompanied by strategic C-Suite and board solutions that provide investor relations intelligence and governance insights and collaboration.
BWise was established in 1994 and acquired by Nasdaq in 2012. Its enterprise GRC software platform and Risk Intelligence services and solutions help companies drive process efficiencies, enhance accountability, and reduce costs, resulting in improved decision making within an organization’s Enterprise Risk Management program. These solutions support companies of all sizes with operational risk management, internal audit, internal control, compliance, and information security programs.
SAI Global helps organizations proactively manage risk to create trust and achieve business excellence, growth, and sustainability. The company’s integrated risk management solutions operate across their customers’ entire risk lifecycle, thereby offering a strategic alignment opportunity with the BWise product suite.