The story
Management Diagnostics Ltd, also known as BoardEx, was originally registered in 1999 in the UK. The company spent £2 million on a prototype of the service to show investors. The product was developed with the help of Professor David Norburn, head of Imperial College Management School, Professor Donald Hambrick from Columbia Business School, and Professor Brian Boyd of Arizona State University. Boardex launched in 2001, and marketing for the service began in April 2002. An office in the United States was opened in early 2003. In May 2003, the Financial News said that "BoardEx is well placed to become a commanding force in the world's boardrooms." BoardEx received a boost in clients after the Higgs review on the effectiveness of non-executive directors was released in the UK. The company was privately funded until mid 2008 when Goldman Sachs took a minority interest. On October 7, 2014, TheStreet, Inc. acquired BoardEx for approximately $21 million at closing. The transaction was completed on November 3, 2014. In 2018, TheStreet announced the sale of BoardEx and The Deal to Euromoney Institutional Investor.
From Wikipedia’s article on BoardEx, shared under CC BY-SA 4.0.4