Now Street: Crowdnetic Acquires NowStreet Journal and Strengthens its Management Team with Key Hire

NowStreet Journal Acquired

Dear Readers:

I’d just like to take this time to say thank you for your readership and continued support of NowStreet Journal. It has been an incredible experience both witnessing and documenting the transformation of our financial markets. But this is merely the beginning.

As the popularity for neoteric crowdfinancing methods such as p2p lending and securities-based crowdfunding escalates, we have many exciting plans for NowStreet Journal under the Crowdnetic umbrella.

We look forward to continuing to bring you cutting-edge market commentary as well as the knowledge needed for issuers, investors and financial service providers to all capitalize during this unprecedented era of financial innovation and regulatory reform.

We hope you continue with us on this historic journey.

Sincerely,

Dara Albright
Founder of NowStreet

I look forward to discussing this acquisition in person next week in Orlando at:

CfPA’s Annual Crowd Investing Innovation Forum

 

Event will convene top crowdfunding pioneers, policymakers, entrepreneurs and investors to address the most urgent issues in capital formation, job creation, public policy as well as corporate and entrepreneurial initiatives.

Get 25% off!
REGISTER HERE USING THE PROMO CODE: NOWSTREET

 

July 30, 2013 11:00 AM Eastern Daylight Time 


Crowdnetic Acquires NowStreet Journal and Strengthens its Management Team with Key Hire

Industry Pioneers Unite to Construct the Infrastructure Necessary to Support the Rapid Growth of Crowdfinance

NEW YORK–(BUSINESS WIRE)–Crowdnetic, the leading provider of funding portal platform technology and market data solutions, announced today that it has agreed to acquire NowStreet Journal, the preeminent educational platform for the burgeoning industry of crowdfinance.

Crowdfinance, perceived by many as the next frontier in financial services, has been increasingly popularizing emerging asset classes such as peer-to-peer (“P2P”) lending and securities-based crowdfunding. These promising assets democratize the flow of capital by giving America’s smaller investors and businesses newfound opportunities to prosper in a financial system that tends to favor large corporate entities and institutional buyers.

While financial terms of the agreement were not disclosed, upon completion of the acquisition, NowStreet’s Founder, Dara Albright, will join Crowdnetic’s management team as its Chief Strategy Officer. In her new role, Albright will drive the expansion of Crowdnetic’s existing product portfolio as well as work with the team to launch a new line of products specifically designed to help conventional financial service providers increase assets under management, widen margins and add new revenue streams.

“It is an honor for me to join the Crowdnetic team and to have the opportunity to work alongside the very individuals who helped build the infrastructure in the 1990’s that allowed financial services to go online in the first place. Since starting NowStreet a few years ago, it has been my personal mission to help ignite the resurgence of the small cap underwriters who, throughout history, have consistently fostered economic growth by bringing some of the world’s most promising innovations to the investing public. With Crowdnetic’s technology and expertise, I finally have the chance to see this goal to its fruition,” said Albright.

Commenting on the acquisition, Luan Cox, Crowdnetic’s CEO, said, “Dara is a true visionary who, through NowStreet, has brought a great deal of Wall Street awareness to the nascent industry of crowdfinance. This union will not only bring a recognized media brand under the Crowdnetic umbrella, but it will also enable us to broaden our product suite, expand our sales reach and significantly increase both revenue and shareholder value.”

ABOUT CROWDNETIC
Crowdnetic is a leading provider of funding portal platform technology and market data solutions to the private equity and crowdfunded securities industry. We operate the industry’s premier centralized hub for real-time market data aggregated from platforms across the globe. Founded in 2011 by experienced financial technology and data industry experts, Crowdnetic is committed to creating a productive and sustainable marketplace for web-based private raises. Bringing over 15 years of experience in building complex, data intensive customized solutions, the leadership team has been instrumental in revolutionizing the equities industry through developing market data and analytics solutions. We are now bringing our expertise to the increasingly intricate crowdfunding space. Additional information can be found at www.crowdnetic.com.

ABOUT NOWSTREET
Symbolizing the Wall Street of tomorrow, NowStreet is a leading financial media and advisory company on the forefront of financial innovation. NowStreet is most known for its cutting-edge commentary and acclaimed financial events that introduce crowdfinancing mechanisms and neoteric asset classes to Wall Street. Some of the most prominent figures in the financial industry as well as the legislature have participated in NowStreet events. Our programs help issuers, investors as well as conventional financial service providers capitalize during this unprecedented period of financial industry disruption and regulatory reform. Additional information can be found atwww.nowstreetjournal.com