SR Labs, a leading provider of low latency market data and market access solutions for the financial industry, acquires Wombat, the developer of SuperFeed™.
On June 18, Willkie client SR Labs, a leading provider of low latency market data and market access solutions for the financial industry, announced it has agreed to acquire Wombat from Intercontinental Exchange. The merger is expected to form a comprehensive market data solution for global financial institutions. Existing SR Labs investor Insight Venture Partners provided additional financing for the acquisition. 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, allowing customers to consolidate fragmented technologies and complicated connectivity options.
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. SR Labs’ flagship products, SMDS and SREX, are currently used by top-tier investment banks and hedge funds.
The deal was handled by Corporate: partners Gordon Caplan, Morgan Elwyn and Jeffrey Hochman and associates Neil Keenan, Iris Lichtman, Tim Andree, Adam Remo, Pablo Richards and Michael Gordon; IP: associates Amir Ghavi and Meghan Hungate; Real Estate: associate Justin Elliott; HSR/Antitrust: partner David Tayar and special counsel Jonathan Konoff; Benefits: partner Michael Katz and associate Rose Ohanesian and Tax: partner Hillel Jacobson and associate Meredith Levy.