New Cloud-Based Virtual Data Room Solution
Robust Security and Auditing Functions for Information Sharing Initiatives
Works Across All Industries and Geographies
NEW YORK, May 6, 2013 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of WorkSpace, a new cloud computing platform that will expand the company's Corporate Solutions client base and enter the burgeoning virtual data room (VDR) market.
WorkSpace is a fully hosted, cloud-based solution that safeguards all sensitive and proprietary information in real-time, both inside and outside of an organization's firewall. The technology provides companies with a paperless VDR for secure and effective document sharing typically used for mergers and acquisitions, pre-IPO due diligence review, bankruptcy and restructuring, auditing, reporting, market research distribution and fundraising initiatives. WorkSpace also has an iPad app and is designed for unlimited accessibility via web or tablet use.
"At NASDAQ OMX, we are committed to building innovative technologies that help companies worldwide minimize risk, maximize efficiency and increase transparency," said Anna Ewing, Executive Vice President of Global Technology Solutions. "WorkSpace will expedite and organize deal transactions and project management, allowing organizations to save time and money through a highly secure and auditable VDR platform built strictly for those needs. This is a great opportunity for us to introduce another major cloud-based solution to the industry."
The virtual data room industry is expected to grow exponentially on an annual basis during the next five years. The need to have secure file sharing, document warehousing, and auditability has driven this growth and has provided key stakeholders with invaluable insight into business ventures and transactions.
"By launching WorkSpace, we aim to revolutionize the VDR industry," said Demetrios Skalkotos, Senior Vice President, Corporate Solutions. "As interest piques in the activities surrounding compliance and auditing functions for transactions and partnership interaction, companies are demanding a highly secure, real-time platform for document sharing and project collaboration. WorkSpace addresses this need head on."
Please visit our website to learn more http://www.oneworkspace.com.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.99% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world's securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $6 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about WorkSpace and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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