Nasdaq to acquire investment data and analytics company eVestment for $705 million

Nasdaq has announced plans to acquire eVestment, a data and analytics platform for the investment industry, in a $705 million deal.
The transaction will be funded through a mixture of cash and debt.
Founded out of Georgia in 2000, eVestment offers a range of subscription cloud-based services geared toward helping institutional investors spot trends, track the best investment managers, and succeed in the world of investment. The company claims more than 2,000 clients, including “92 per