West Corporation to Acquire Nasdaq’s Public Relations Services

West Corporation and Nasdaq, Inc. jointly announced that West Corporation has entered into a definitive agreement to acquire the public relations (Public Relations Solutions) and webcasting and webhosting (Digital Media Services) products and services within Nasdaq’s Corporate Solutions business for approximately $335 million, subject to adjustments. Public Relations Solutions and Digital Media Services consist of a portfolio of communication tools, media intelligence and multimedia services for organizations across all industries. The products and services included in the transaction are: GlobeNewswire - a global press release distribution platform and media contacts database with analytics, Webhosting - a web hosting service purpose-built for investor relations and external communications functions, Webcasting - a multimedia service that publishes webcasts, webinars, video presentations and other content, Media Intelligence - a media monitoring and analyst-curated daily news reporting service and Influencers Database - a service to identify and connect with relevant journalists and social media profiles. As part of the terms of the transaction, Nasdaq has agreed to an exclusive multi-year partnership with West to provide eligible Nasdaq clients access to certain products and services included in the transaction.