Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
TMX Group Expands into Transfer Agent Business

Will acquire transfer agent assets from Equity Financial Holdings Inc.

TORONTO, Feb. 13, 2013 /CNW/ - TMX Group Limited today announced that it has entered into an agreement with Equity Financial Holdings Inc. (Equity) to acquire its transfer agent and corporate trust services business.  The acquisition marks TMX Group's expansion into a highly-complementary business area with both immediate scale and significant opportunities for growth.

"This acquisition further diversifies our revenue base, opens new growth avenues and provides TMX Group with an even stronger offering for our customers," said Tom Kloet, CEO, TMX Group.  "Furthermore, TMX Group is uniquely positioned to build on Equity's success by expanding our relationships with listed companies and the capital markets advisory community."

Transfer agency and corporate trust services complement the strong public company services offering currently provided by TMX Group, including investor relations, design services, shareholder data and tracking, and market analytics.  The Equity business currently offers services to 700 clients, most of which are listed on Toronto Stock Exchange or TSX Venture Exchange.  In addition, it supports public market activities by maintaining security holder registers, acting as a depositary agent for merger and acquisition transactions, and assisting issuers in discharging their obligation to hold meetings of security holders.

"With this acquisition we will further broaden our portfolio of services and enhance the value we can deliver to public companies," said Kevan Cowan, President, TSX Markets and TMX Group Head of Equities.  "We look forward to welcoming the Equity team of professionals to TMX Group and are excited to work with them to expand the business and serve our customers."

Under the terms of the agreement, TMX Group will pay $64 million for these assets subject to certain post-closing price adjustments, which will be funded from existing cash and credit facilities. Certain terms and conditions within the credit agreement will be amended.  In 2012, the business generated revenues of approximately $17 million and was profitable. TMX Group expects the acquisition to be accretive to earnings per share in the first year following the closing of the transaction. The transaction, which is expected close at the end of March or early April, is subject to closing conditions, including certain consents and an Equity shareholder vote.

About TMX Group (TSX:X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community.  TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney.  For more information about TMX Group, visit our website at www.tmx.com.  Follow TMX Group on Twitter at http://twitter.com/tmxgroup.

SOURCE Toronto Stock Exchange

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements gr...
Modern Systems announced completion of a successful project with its new Rapid Program Modernization (eavRPMa"c) software. The eavRPMa"c technology architecturally transforms legacy applications, enabling faster feature development and reducing time-to-market for critical softwar...
Plutora provides enterprise release management and test environment SaaS solutions to clients in North America, Europe and Asia Pacific. Leading companies across a variety of industries, including financial services, telecommunications, retail, pharmaceutical and media, rely o...
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these sam...
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud compu...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE