NEW YORK--(BUSINESS WIRE)--
Intercontinental Exchange (NYSE: ICE), the leading global network of
exchanges and clearing houses, announced todaythat it has signed
a definitive agreement with SR Labs for the sale of the Wombat Financial
Software, a unit of NYSE Technologies. The transaction is expected to
close in third-quarter 2014 and terms were not disclosed.
“We are pleased to announce this agreement with SR Labs for the purchase
of Wombat, which includes SuperFeed and a full suite of connectivity and
data management services,” said Ben Jackson, President and Chief
Operating Officer, ICE Futures U.S. and President, NYSE Technologies.
“This is a significant step in the previously announced divestiture of
the non-exchange related assets of NYSE Technologies. We look forward to
completing the deal this summer and will work closely with the SR Labs
team to ensure an efficient and timely transition for Wombat customers.”
Wombat is a global leader in high performance financial market data
management solutions offering customers comprehensive, end-to-end
solutions for electronic trading and connectivity management. As part of
the Wombat product suite, SR Labs is also acquiring SuperFeed, which
offers direct connectivity to a range of key global trading venues,
reducing complexity and client overhead by allowing customers to
consolidate fragmented technologies and complicated connectivity
options. The Wombat platform also includes Wombat Direct Market Data
Feed Handlers, providing normalization for more than 200 direct exchange
and aggregated vendor feeds; DART Entitlements, providing market data
usage and compliance analysis, and reporting services; and Wombat
Middleware, enabling high-speed, multi-protocol messaging throughout the
Intercontinental Exchange will make further announcements regarding the
remaining NYSE Technologies business units in the coming months.
Evercore served as the exclusive financial advisor to Intercontinental
Exchange on this transaction.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is the leading network of
regulated exchanges and clearing houses for financial and commodity
markets. ICE delivers transparent, reliable and accessible data,
technology and risk management services to markets around the world
through its portfolio of exchanges, including the New York Stock
Exchange, ICE Futures, Liffe and Euronext.
Trademarks of ICE and/or its affiliates include Intercontinental
Exchange, ICE, ICE block design, NYSE Euronext, NYSE, New York Stock
Exchange, LIFFE and Euronext. Information regarding additional
trademarks and intellectual property rights of Intercontinental
Exchange, Inc. and/or its affiliates is located at https://www.theice.com/terms.jhtml and
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995 - Statements in this press release regarding ICE's business that
are not historical facts are "forward-looking statements" that involve
risks and uncertainties. For a discussion of additional risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see ICE's Securities and
Exchange Commission (SEC) filings, including, but not limited to, the
risk factors in ICE's Annual Report on Form 10-K for the year ended
December 31, 2013, as filed with the SEC on February 14, 2014.
212 656 2411
Kelly Loeffler, SVP Investor Relations & Corp.
+1 770 857 4726
Source: Intercontinental Exchange