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News Jun 18, 2014

Shearman & Sterling Advises Intercontinental Exchange on Sale of Wombat Financial Software to SR Labs

Shearman & Sterling advised Intercontinental Exchange (ICE) on the sale of Wombat Financial Software, a unit of NYSE Technologies, to SR Labs. Terms were not disclosed.

Wombat Financial Software 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.

Intercontinental Exchange 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.

The Shearman & Sterling team included partners David Connolly (New York-Mergers & Acquisitions), Michael Shulman (Washington, DC-Tax), John Cannon (New York-Compensation, Governance & ERISA), and Beau Buffier (New York-Antitrust); special associate Kelly Karapetyan (New York-Antitrust); associates Richard Fischetti (New York-Mergers & Acquisitions), Roger Morscheiser (New York-Mergers & Acquisitions), Robert Bucella (New York-Mergers & Acquisitions), Alan Sun (New York-Mergers & Acquisitions), Ganaraj Hegde (New York-Corporate), Tasha Matharu (New York-Compensation, Governance & ERISA), Regina Park (New York-Compensation, Governance & ERISA), Jeffrey Tate (Washington, DC-Tax), Michael Jokic (New York-Intellectual Property Transactions), Joshua Steinberger (New York-Intellectual Property Transactions), and Timothy Haney (New York-Antitrust); and international associate Yoshihito Kuramochi.