Euronext buys up Nordic digital compliance firms

Both solutions are owned by the same parent company which will be fully acquired by InsiderLog, the Euronext Corporate Services subsidiary specialising in Compliance solutions.

This continued geographical expansion in the Nordic countries by Euronext Corporate Services is in line with Euronext’s three-year strategic plan. After the acquisition in 2018 of InsiderLog, a Nordic leader in insider list management under the EU Market Abuse Regulation (MAR), the fully-owned subsidiary of Euronext, is now strengthening its activity by acquiring the largest Finnish player in this field, Ticker Software. The purchase also brings an additional product into InsiderLog’s portfolio, Sidonnaisuusrekisteri.fi.

Ticker Software is the Finnish leader in terms of insider list management, and Sidonnaisuusrekisteri.fi already has a significant market share with municipalities in Finland. The newly-created entity combining InsiderLog with Ticker Software and Sidonnaisuusrekisteri.fi will manage insider lists for a total of around 550 clients, making it one of the leaders in Europe and a clear leader in the Nordic countries.

Mathieu Caron, Head of Euronext Corporate Services, said: “The acquisition of Ticker Software and Sidonnaisuusrekisteri.fi is a new milestone in the development of Euronext Corporate Services in the Nordics. This is a unique opportunity to expand our footprint in the Finnish market, and we look forward to working with our new team members, with local issuers, and with other actors in the financial industry, and to deploying our complete suite of solutions. This is the first build-up transaction made by a subsidiary of Euronext Corporate Services since its initial creation, and it demonstrates the dynamism of this franchise and the renewed support of Euronext for its development.”