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.