Nasdaq OMX buys to bolster private market business

Exchange group acquires software firm as it seeks to widen its slate of services for pre-IPO companies

Nasdaq OMX is to acquire a US software company which offers share management services for private companies as it seeks to widen its slate of services for pre-IPO businesses, Financial News has learned.

The transatlantic exchange operator last month finalised an acquisition of TruEquity, based in Mountain View, California, according to people familiar with the matter. The deal is still awaiting final regulatory approval, one person said.

WSJ Logo