|Founded||1982 (as Canadian Corporate News)|
|Canada, United States, United Kingdom, Europe, Asia, and Latin America|
|Adnan Ahmed (President and Chief Executive Officer)|
|Services||Online press release and content distribution. Social media monitoring and research.|
Number of employees
Coordinates: Marketwired was a press release distribution service headquartered in Toronto, Ontario, Canada. It was founded in 1993 and incorporated in the U.S. in 1999. In 2018, it was merged into GlobeNewswire.
A geographic coordinate system is a coordinate system that enables every location on Earth to be specified by a set of numbers, letters or symbols. The coordinates are often chosen such that one of the numbers represents a vertical position and two or three of the numbers represent a horizontal position; alternatively, a geographic position may be expressed in a combined three-dimensional Cartesian vector. A common choice of coordinates is latitude, longitude and elevation. To specify a location on a plane requires a map projection.
Toronto is the provincial capital of Ontario and the most populous city in Canada, with a population of 2,731,571 in 2016. Current to 2016, the Toronto census metropolitan area (CMA), of which the majority is within the Greater Toronto Area (GTA), held a population of 5,928,040, making it Canada's most populous CMA. The city is the anchor of the Golden Horseshoe, an urban agglomeration of 9,245,438 people surrounding the western end of Lake Ontario. Toronto is an international centre of business, finance, arts, and culture, and is recognized as one of the most multicultural and cosmopolitan cities in the world.
Ontario is one of the 13 provinces and territories of Canada. Located in Central Canada, it is Canada's most populous province accounting for 38.3 percent of the country's population, and is the second-largest province in total area. Ontario is fourth-largest jurisdiction in total area when the territories of the Northwest Territories and Nunavut are included. It is home to the nation's capital city, Ottawa, and the nation's most populous city, Toronto, which is also Ontario's provincial capital.
Marketwired was founded as Internet Wire in October 1994 by PR agency owner Michael Terpin and online marketer Michael Shuler in Los Angeles, California, United States. It received $17.5 million in venture capital in January 2000.The company changed its name to Market Wire in April, 2003, after making a partnership with NASDAQ, where its services would be recommended to listed companies.
Los Angeles, officially the City of Los Angeles and often known by its initials L.A., is the most populous city in California; the second most populous city in the United States, after New York City; and the third-most populous city in North America, after Mexico City and New York City. With an estimated population of nearly four million people, Los Angeles is the cultural, financial, and commercial center of Southern California. The city is known for its Mediterranean climate, ethnic diversity, Hollywood, the entertainment industry, and its sprawling metropolis.
California is a state in the Pacific Region of the United States. With 39.6 million residents across a total area of about 163,696 square miles (423,970 km2), California is the most populous U.S. state and the third-largest by area. The state capital is Sacramento. The Greater Los Angeles Area and the San Francisco Bay Area are the nation's second- and fifth-most populous urban regions, with 18.7 million and 9.7 million residents respectively. Los Angeles is California's most populous city, and the country's second-most populous, after New York City. California also has the nation's most populous county, Los Angeles County, and its largest county by area, San Bernardino County. The City and County of San Francisco is both the country's second-most densely populated major city after New York City and the fifth-most densely populated county, behind only four of the five New York City boroughs.
In 2000, a former employee of Internet Wire used the service to perpetrate an insider trading scam. He shorted Emulex stock, then published a fraudulent press release reporting problems at Emulex Corporation, which lost 62 percent of its value in morning trading. He was found out by the FBI and sentenced to 44 months in prison.
The Emulex hoax, an instance of securities fraud, was perpetrated by 23-year-old Mark Jakob on August 24, 2000.
In 2006, Marketwired (then known as Marketwire) was acquired by CCNMatthews, a 25-year-old news distribution company in Canada. The company adopted the name Marketwire unilaterally. At that point, it was majority-owned by OMERS Private Equity,which manages the private equity activities of OMERS Administration Corporation, a Canadian pension fund. The company's history can be traced back to 1957.
The Ontario Municipal Employees Retirement System (OMERS) is a pension fund created by statute in 1962 to handle the retirement benefits of all local government employees in the Canadian province of Ontario. It has become one of the largest institutional investors in Canada. As of December 2018, OMERS had 97 billion Canadian dollars in net investment assets. OMERS serves 1,000 participating employers and almost half a million active, deferred and retired employees. OMERS members are employed by municipalities, school boards, transit systems, electrical utilities, emergency services and children's aid societies.
In July 2010, Marketwire acquired Sysomos, a social monitoring and analytics service, offering customers the ability to track their social presence across sites like Facebook and Twitter.
Sysomos Inc. is a Toronto-based social media analytics company owned by Outside Insight market leaders Meltwater.
In October 2011, Marketwire filed a lawsuit accusing PR Newswire of trying to steal confidential information and trade secrets, seeking at least $25 million in damages.
PR Newswire is a distributor of press releases headquartered in New York City. The service was created in 1954 to allow companies to electronically send press releases to news organizations, at first using teleprinters. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company.
In April 2013, Marketwire re-branded, changing its name to Marketwired and introducing the tagline "The power of influence" with an updated logo.
In February 2016, MarketWired was acquired by Nasdaq, Inc.
In January 2018 Nasdaq's public relations business lines were acquired by West Corporation. Marketwired was merged into GlobeNewswire.
Aptalis was a company in the pharmaceutical industry. In January 2014, the company was acquired by Forest Laboratories for $675 million.
The Blackstone Group Inc. is an American multinational private equity, alternative asset management, and financial services firm based in New York City. As the largest alternative investment firm in the world, Blackstone specializes in private equity, credit, and hedge fund investment strategies.
Ally Financial is a bank holding company organized in Delaware and headquartered in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and an electronic trading platform to trade financial assets.
HC2 Holdings Inc., formerly known as Primus Telecommunications Group, Inc. (Primus), is a public financial services company. The company was renamed HC2 Holdings, Inc in April 2014 after HRG Group Inc. acquired a 40.5% stake in the company, changing HC2's Stock Market ticker on the NYSE to HCHC. Since January 2014, HC2 has acquired a diverse array of operating subsidiaries, each with its own dedicated management team across a broad range of industries. This includes the acquisition of Schuff Steel, America's largest steel fabricator in the first half of 2014 and Global Marine Systems, a British company specializing in building subsea cable infrastructure in the 3rd quarter of 2014. The company divested all telecommunications interests with the exception of PTGi-ICS.
Energen Corporation was a company engaged in hydrocarbon exploration. In 2018, the company was acquired by Diamondback Energy.
NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a direct bank.
Noble Energy, Inc. is a company engaged in hydrocarbon exploration. It is headquartered in Houston, Texas. The company is ranked 583rd on the Fortune 1000.
Thomas Properties Group was a real estate investment trust based in City National Plaza in Los Angeles, California.
HFF, Inc. was a provider of capital markets and brokerage services to owners of commercial real estate. In 2019, the company was acquired by JLL.
Dialogic is an American multinational technology company headquartered in Parsippany, New Jersey, United States, with operations in over 25 countries. Dialogic provides a cloud-optimized communications technology for real-time communications media, applications, and infrastructure to service providers, enterprises, and developers. Dialogic products are sold directly, as well as through a network of distributors, resellers, and partners, and supplied to OEMs.
Founded in 2007, APO Group is a media relations' consulting firm and press release distribution service in Africa and the Middle East. The company assist private and public organizations in sharpening their reputation and increasing their brand equity in target countries.
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Vista Equity Partners (Vista) is an American private equity and venture capital firm focused on financing and forwarding software and technology-enabled startup businesses, as well as passive equity investments.
PacWest Bancorp is a bank holding company based in Los Angeles, California, with one wholly owned banking subsidiary, Pacific Western Bank. Pacific Western Bank has 79 full-service branches in California and one branch in Durham, North Carolina. Pacific Western provides commercial banking services, including real estate, construction, and commercial loans, and deposit and treasury management services to small and medium-sized businesses. Pacific Western offers additional products and services under the brands of its business groups, CapitalSource and Square 1 Bank, now known as National Lending and Venture Banking groups, respectively. National Lending Group provides cash flow, asset-based, equipment and real estate loans and treasury management services to established middle-market businesses on a national basis. Venture Banking Group focuses on entrepreneurial businesses and their venture capital and private equity investors.