Press Release | Transaction Profile |
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Overview of Transaction
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On January 14, 2008 NYSE Euronext ("NYSE") entered into an agreement to acquire Wombat Financial Software ("Wombat") |
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Transaction announced for approximately $200 million in cash |
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Transaction is expected to close early second quarter 2008 and is expected to be accretive to NYSE's 2009 earnings |
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NYSE will now be able to integrate and link the messaging and data platforms to offer new solutions for smart order routing, risk management, DMA and other applications |
Significance of Transaction
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This strategic acquisition broadens NYSE's offering of comprehensive market-agnostic connectivity, transaction and data-management solutions to customers globally by integrating Wombat's industry-leading data enterprises |
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NYSE will add Wombats offerings to their existing offerings of execution, content and distribution services to enable customers to effectively and efficiently manage that content |
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Transaction further highlights the recent trends and challenges for financial institutions that demand efficient technologies to meet their low latency data feed needs |
FT Partners' Role
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FT Partners acted as exclusive strategic and financial advisor to Wombat Financial Software and its Board of Directors |
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FT Partners played a significant role in executive level negotiations |
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