Intercontinental Exchange Agrees to Sell Wombat Financial Software to SR Labs

Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that 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 enterprise.

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 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: IntercontinentalExchange

ICE-CORP