Nasdaq to realign its technology unit, hires new CIO
US-NASDAQ-TECHNOLOGY:Nasdaq to realign its technology unit, hires new CIO
By John McCrank
NEW YORK (Reuters) - Nasdaq OMX Group said on Thursday it is combining its software and technology units as the exchange operator looks to sell more services to the companies that list on its exchanges and draw more revenue from its corporate customers.
The new global technology solutions business unit will be led by Anna Ewing, who currently runs the Nasdaq's technology unit.
Nasdaq also said it appointed Bradley Peterson as global chief information officer, effective February 6.
Peterson, a former CIO for Charles Schwab Corp, where he oversaw the development of Schwab's mobile brokerage and banking applications, will report to Ewing, who currently holds the CIO position.
In December, Nasdaq acquired Thomson Reuters Corp's investor relations, public relations and multimedia services units for $390 million, adding to the exchange operator's businesses that do not depend on trading. The deal, which is expected to close in the first half of 2013, gives Nasdaq 7,000 new clients in more than 60 countries.
Nasdaq currently delivers trading, exchange technology and public company services to around 3,400 listed companies.
The move will help Nasdaq better compete against other large technology providers, such as SunGard and Fidessa.
Nasdaq currently gets more than 70 percent of its revenue from businesses that do not depend on transactions. The Thomson Reuters units Nasdaq is buying help companies communicate with investors and media and create and distribute video presentations.
(Reporting By John McCrank; Editing by Nick Zieminski)