NYSE Euronext is to acquire Wombat Financial Software, a privately held developer of financial market data management solutions.
The firm says that this strategic acquisition broadens NYSE Euronext’s offering of comprehensive market-agnostic connectivity, transaction and data management solutions.
Under terms of the agreement, NYSE Euronext will acquire 100% of Wombat for US$200 million in cash, and will also create a retention pool for employees.
This transaction, which was unanimously approved by the NYSE Euronext board of directors, is expected to close early second quarter 2008, and will be accretive to NYSE Euronext’s 2009 earnings.
“Wombat bridges our commercial technology and market data strategies, broadening our customer reach and enabling NYSE Euronext to deliver advanced technology solutions to our customers’ increasing data management challenges,” said Duncan Niederauer, NYSE Euronext CEO.
“Our mission to become a leader in the global market data, messaging and trading technology sectors has been a driving force for the last five years,” said Danny Moore, Wombat CEO. “Synergies with TransactTools and other NYSE Euronext businesses will allow us to dramatically accelerate the growth of our value proposition; plus deliver software and services into a much broader customer base.”
NYSE Euronext to acquire Wombat Financial Software
Cash deal worth US$200 million
- January 14, 2008 January 14, 2008
- 13:20