NEW YORK--(BUSINESS WIRE)--NYSE Euronext (NYX) announced today that it has entered into a definitive agreement to acquire Corpedia Corporation (Corpedia), a leading global provider of ethics and compliance e-learning and consultative services. With its corporate governance, risk and compliance (GRC) assets, Corpedia will further expand the New York Stock Exchange’s (NYSE) extensive range of global services available to its issuer community. The transaction is expected to close in June 2012. Terms of the acquisition were not disclosed.
A leading provider in the GRC advisory and eLearning market, Corpedia serves more than 500 customers across all industry sectors including approximately 25% of Fortune 500 companies. Corpedia’s data-centric value-added services extend to mobile eLearning and executive and board training, and the company owns extensive benchmarking data on more than 2,000 corporate compliance programs and anti-corruption program data for 1,700 companies. Corpedia advisory services include compliance diagnostics, risk assessment, curriculum mapping and peer benchmarking. Its eLearning courseware features foundational courses, focus courses, shorts and clips with materials delivered on a proprietary customizable learning management system platform embedded into clients’ workflow.
“Connecting customers to innovative products and superior services is a prime objective of NYSE Euronext,” said Jean-Marc Levy, SVP, Head of Global Issuer Services. “This acquisition will provide our issuer community with high value governance, risk and compliance education, communication and advice. The addition of Corpedia further enhances our services platform, and is consistent with our overall corporate strategy to unlock the potential of our global capital markets community by linking capital, issuers and innovative ideas.”
NYSE Euronext has built a superior issuer services platform of over thirty best-in-class products for global issuers by developing proprietary tools, establishing strategic partnerships with best-in-class service providers and acquiring market-leading companies. For more information on NYSE’s issuer services, please visit: http://usequities.nyx.com/listings/listed-company-resources/market-intelligence.
“Leading companies, their shareholders, employees and stakeholders are investing heavily in risk management, compliance and governance solutions to differentiate their performance,” said Alex Brigham, Founder and CEO of Corpedia. “NYSE Euronext and Corpedia have a shared ethos of deep commitment to serving clients. I am thrilled to have Corpedia’s employees and customers join such a deeply respected organization as NYSE Euronext,” added Brigham.
About Corpedia
Corpedia is a leader in governance, risk and compliance (GRC) education, communication, and advice. Corpedia helps drive a culture of ethics throughout an organization, but also provides a defensible plan in the event of malfeasance.
Corpedia is the expert in implementing measurable and effective ethics and compliance training and communication programs, as well as program management tools and materials that help reduce risk exposure and protect organizations from potential ethics and compliance failures. Industry insight and experience allow our experts to design programs specific to each organization. For more information, go to: www.corpedia.com.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial markets and provider of innovative trading technologies. The company's exchanges in Europe and the United States trade equities, futures, options, fixed-income and exchange-traded products. With approximately 8,000 listed issues (excluding European Structured Products), NYSE Euronext's equities markets - the New York Stock Exchange, NYSE Euronext, NYSE MKT, NYSE Alternext and NYSE Arca - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading. The company offers comprehensive commercial technology, connectivity and market data products and services through NYSE Technologies. NYSE Euronext is in the S&P 500 index. For more information, please visit: http://www.nyx.com.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2008 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.