Verafin uses artificial intelligence and machine learning for cross-institutional, multi-channel analysis to show you truly unusual activity with a single alert, saving you time and providing you with the information you need to decide how to proceed. Verafin - Funding, Financials, Valuation & Investors Our diverse offering of data, analytics, software and LinkedIn cookie, to store data about the time when a synchronization took place with the cookie lms_analytics for users in the designated countries. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Senior debt financing for the transaction was led by Wells Fargo Capital Finance and included Scotiabank in the syndicate. Articles, Webinars, White Papers and more. Used by Microsoft Advertising as a unique ID for visitors. Represents one of the largest ever growth financings of a Canadian software business, Funding will accelerate Verafins product innovation roadmap and the expansion of sales and marketing initiatives into large financial institutions. Verafin provides a cloud-based cross-institutional software platform for Fraud Detection and Management, BSA/AML Compliance . LinkedIn sets this cookie to store performed actions on the website. 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Articles, Webinars, White Papers and more. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Up to The transaction accelerates Nasdaq's ongoing . When used in this communication, words such as will, believes, can and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. www.verafin.com Contact Information Headquarters 570 Newfoundland Dr, St. John S, Newfoundland and Labrador, A1A 5B1, Canada (877) 368-9986 Verafin Profile and History We are an industry pioneer in anti-financial crime management solutions, with a mission to create the worlds most effective crime-fighting network. The acquisition strengthens Nasdaqs HALIFAX Newfoundland and Labrador-based anti-financial-crime software firm Verafin has agreed to be acquired by stock-exchange operator Nasdaq in an all-cash deal valued at US$2.75 billion. Nasdaqs organic growth calculation methodology normally excludes acquired businesses from the measure until they have been part of Nasdaq for a full 12-month period. Verafin will continue to operate in St. Johns, Newfoundland and Labrador as a stand-alone organization aligned with Nasdaqs Market Technology business. Provided by Google Tag Manager to experiment advertisement efficiency of websites using their services. Verafin, a Nasdaq company, is an industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management, BSA/AML Compliance and Management, High-Risk Customer Management and Information Sharing. It works only in coordination with the primary cookie. NEW YORK, ST. JOHNS, Nov. 19, 2020 (GLOBE NEWSWIRE) Nasdaq, Inc. (Nasdaq: NDAQ), a global technology company, and Verafin, an industry Google DoubleClick IDE cookies are used to store information about how the user uses the website to present them with relevant ads, according to the user profile. Type a symbol or company name. This ensures that behavior in subsequent visits to the same site will be attributed to the same user ID. Verafin Completes C$515 Million Equity and Debt Recapitalization Nov 25, 2022. Nasdaq sees great potential in the innovation ecosystem of St. Johns and will increase investment in The test_cookie is set by doubleclick.net and is used to determine if the user's browser supports cookies. This cookie is used by Leadlander. Nasdaqs global reach combined with Verafins powerful analytics, robust data insights, and innovative investigation tools, will create a next generation suite of solutions to fight financial crime and promote integrity throughout the financial ecosystem. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. It offers fraud detection, anti-money laundering, high-risk customer management, online account takeover detection, and other solutions. Read the 9th Annual B2B Sales & Marketing Data Report New: B2B Data Report! This combination meaningfully accelerates the evolution of our business mix toward highly You also have the option to opt-out of these cookies. The transaction meets all of Nasdaqs acquisition investment criteria: Verafin is a strong strategic and cultural fit, accelerating Nasdaqs evolution into a technology, analytics Nasdaq includes acquisitions in its organic growth calculations after they have been part of Nasdaq for 12 months, and as such, Verafins impacts on organic revenue and non-GAAP expense growth will begin in the first quarter of 2022. This cookie is used to store the user consent for the cookies in the category "Analytics". Anti-financial crime technology represents a large and growing sector with structural and regulatory tailwinds. For over 25 years, the firm has partnered with proven entrepreneurs and management teams to build long-term value in market-leading software, information services and Internet companies. The cookie is used to store and identify a user's unique session ID for the purpose of managing user session on the website. Verafin respects your alerts, delivers context-rich insights and streamlines the daunting BSA/AML compliance processes that financial institutions face today. Verafin's quiet, huge success: Canada's largest venture funding deal transaction with a combination of US$2.5billion of debt and cash on hand and expects debt / non-GAAP EBITDA leverage to be approximately 3.9x pro forma for the transaction. 2020 Annual Report. We look forward to working with Jamie and the rest of the Verafin team to continue to support their product-innovation led go-to-market strategy that has enabled the Companys explosive growth., Dave Unsworth, General Partner at IVP added, Verafin is in the very early innings of its mission to create the worlds most effective crime fighting network. Phone Number 877.368.9986. Sales bookings and deal size at the company each grew by. Verafin respects your The pattern element in the name contains the unique identity number of the account or website it relates to. Verafin's. . Verafin expects to deliver in excess of US$140 million 4 in revenue in 2021, representing an implied multiple of approximately 19.5x revenue, in line with high-growth SaaS companies. This cookie is used to store user's last activity, it is created by user's last activity time following with a unique multiple-digit number as session ID. Longview Communications& Public Affairs (Canada). To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Operating Status Active. Verafin's blockbuster sale: A tech success story, decades in the - CBC LinkedIn sets the lidc cookie to facilitate data center selection. Verafin's. Verafin, a Nasdaq company, is an industry leader in enterprise Financial Crime Management solutions, providing a cloud-based, secure software platform for Fraud Detection and Management,. Verafin expects to deliver in excess of US$140 million 4 in revenue in 2021, representing an implied multiple of approximately 19.5x revenue, in line with high-growth SaaS companies. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. with U.S. GAAP. making it more difficult to maintain business and operational relationships; risks related to diverting managements attention from Nasdaqs ongoing business operations; the negative effects of the announcement or the consummation of the Verafin is the exclusive provider forTexas Bankers Association, Western Bankers Association, Florida Bankers Association, Massachusetts Bankers Association, and CUNA Strategic Services, with industry endorsements in 48 U.S. states. Stores the Clarity User ID and preferences, unique to that site, on the browser. Verafin - CUNA Strategic Services This cookie is used to store the user consent for the cookies in the category "Other". These cookies track visitors across websites and collect information to provide customized ads. Verafins existing executive leadership team will continue to lead the company. The Logic 2023 The Logic Inc. All Rights Reserved. The transaction accelerates Nasdaqs ongoing evolution into a leading SaaS technology provider and significantly strengthens its existing regulatory and anti-financial crime solutions. Used by Microsoft Advertising as a unique ID for visitors. Microsoft Clarity cookie, used in synchronizing the MUID across Microsoft domains. Analytical cookies are used to understand how visitors interact with the website. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Sign up to receive the latest educational resources about today's financial