Announced
Completed
Financials
Sources
Tags
paperless trade solutions
Majority
Third Party Logistics (3PL)
Cross Border
Completed
Single Bidder
Malta
Friendly
Acquisition
Private
Synopsis
Intercontinental Exchange, an American company that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services, completed the acquisition of essDOCS, a paperless trade solutions provider. Financial terms were not disclosed. In a statement on essDocs’ website giving the rationale for the acquisition, ICE says it “provides financial technology and data services across major asset classes that offer its customers access to mission-critical workflow tools that increase transparency and operational efficiencies, two areas which essDocs is similarly focused on”.
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