Nasdaq Buys District Tech Firm

From the Associated Press:

NEW YORK -- Nasdaq Stock Market Inc. said Friday it is purchasing privately held Directors Desk for an undisclosed amount.

The Washington-based company provides technology to board members of public and private companies, including online voting, automated record keeping and Web conferencing. It currently counts more than 1,000 board members as customers.

Directors Desk will become part of a new service category in Nasdaq's corporate client group.

The deal is expected to close early in the third quarter.

By Dan Beyers  |  June 29, 2007; 12:15 PM ET  | Category:  Information Technology
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