Intercontinental Exchange Completes Sale of Wombat Financial Software to SR Labs
24 July 2014 - 6:16AM
Business Wire
Intercontinental Exchange (NYSE: ICE), the leading global
network of exchanges and clearing houses, announced today that it
has completed its previously announced transaction with SR Labs for
the sale of the Wombat Financial Software, a unit of NYSE
Technologies. The transaction closed today and terms were not
disclosed.
“I’d like to thank the SR Labs and Intercontinental Exchange
teams for working so quickly and diligently to finalize this
transaction within just six weeks of contract signing,” said Ben
Jackson, President and Chief Operating Officer, ICE Futures U.S.
and President, NYSE Technologies. “We congratulate everyone
involved and we will continue to provide support services to SR
Labs for a period of time to help ensure an orderly transition of
the business.”
Wombat is a global leader in high performance financial market
data management solutions. 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 enterprise.
Evercore acted as financial advisor and Shearman & Sterling
LLP acted as legal 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, and Liffe.
Trademarks of ICE and/or its affiliates
include Intercontinental Exchange, ICE, ICE block design,
NYSE, New York Stock Exchange, and LIFFE. 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
http://www.nyx.com/terms-use.
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.
SOURCE: Intercontinental Exchange
ICE-CORP
Intercontinental ExchangeMedia Contact:Eric Ryan+1 212
656 2411eric.ryan@nyse.comorInvestor Contact:Kelly Loeffler,
SVP Investor Relations & Corp. Communications+1 770 857
4726kelly.loeffler@theice.com
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