A Nasdaq release on Tuesday stated that it will operate as a wholly-owned subsidiary of Nasdaq, of which it was a strategic member since October 2004 for the latter's corporate services network.
Shareholder.com currently services 1,100 clients, including 396 companies, currently listed on Nasdaq.
This transaction will enable Nasdaq to offer shareholder.com's comprehensive suite of investor relations and intelligence services to its 3,200 listed companies and other publicly held companies.