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Great news today in the local tech sector.
Nasdaq acquires Newfoundland-based Verafin for $ 2.75 billion in cash.
The deal will combine Verafin’s financial crime management products with Nasdaq’s reach to create a global software as a service (SaaS) leader in the fight against financial crime.
Nasdaq says he is committed to growing Verafin’s business and creating opportunities for its employees. The purchase will help Verafin expand its position as an economic and technology leader from its base in St. John’s.
Verafin’s headquarters will remain in St. John’s and its executive management team will remain in place.
See the full press release.
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