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FT Partners Advises on $200 Million Sale of Wombat Financial Software

Overview of Transaction
  • On January 14, 2008 NYSE Euronext ("NYSE") entered into an agreement to acquire Wombat Financial Software ("Wombat")
  • Transaction announced for approximately $200 million in cash
  • Transaction is expected to close early second quarter 2008 and is expected to be accretive to NYSE's 2009 earnings
  • 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
  • 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
  • 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
  • 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
  • FT Partners acted as exclusive strategic and financial advisor to Wombat Financial Software and its Board of Directors
  • FT Partners played a significant role in executive level negotiations