Press Releases

Marlin & Associates' client, TMX Group, has agreed to sell its wireless and extranet infrastructure services businesses to ICE

February 15, 2017

Marlin & Associates, international investment banking and strategic advisory firm, announced that it's client, TMX Group has agreed to sell its wireless and extranet infrastructure services businesses known as TMX Atrium to Intercontinental Exchange (ICE). Upon closing, TMX Atrium will become part of ICE Data Services, which includes ICE’s SFTI network – a highly resilient private network purpose-built for the global capital markets. The transaction is expected to be complete by the end of Q1 pending regulatory approvals.

This transaction is part of TMX’s ongoing strategic initiative to streamline its organizational structure. Atrium employees and clients are expected to benefit from the expanded global reach of the combined Atrium and ICE network – giving them access to a dedicated redundant connection to securely route orders to equities, options and futures markets as well as a host of other liquidity venues across the globe.

“Throughout this process, the team at Marlin & Associates provided great financial and strategic advice. They served as a true strategic partner and integral part of the team as they guided the complex cross-border carve-out project. Marlin & Associates unique industry expertise played a critical role in bringing this project to a successful conclusion for all stakeholders." Eric Sinclair, President, TMX Datalinx and Group Head of Information Services.

Marlin & Associates is one of the most active investment banking and strategic advisory firms providing counsel to worldwide buyers and sellers of middle-market fintech firms as well as others that provide information technology, application software, online data and services. Headquartered in New York City, with offices in San Francisco, Washington, D.C., and Toronto, Marlin & Associates has won numerous awards including the “Middle-Market Investment Bank of the Year,” “Boutique Investment bank of the Year”. “Middle-Market Financing Agent of the Year – Equity,” and “TMT Advisory Bank of the Year.” More than 20 transactions on which Marlin & Associates has advised have been recognized as “Deal-of-the-Year”. The Marlin & Associates team of professionals has advised on more than 200 information-technology transactions in 27 countries.

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