M&A Deal Summary

ICE Acquires True Office Learning

On November 4, 2014, ICE acquired internet software and services company True Office Learning

Acquisition Highlights
  • This is ICE’s 2nd transaction in the Internet Software and Services sector.
  • This is ICE’s 8th transaction in the United States.
  • This is ICE’s 6th transaction in New York.
Investment Fate
  • True Office Learning was divested to a consortium of buyers in 2017.
  • True Office Learning was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2014-11-04
Target True Office Learning
Sector Internet Software and Services
Buyer(s) ICE
Deal Type Add-on Acquisition

Target

True Office Learning

New York, New York, United States
True Office Learning is a provider of analytics-rich, interactive e-learning software and services, specializing in governance, risk and compliance (“GRC”). The Company’s cloud-based adaptive training and analytics platform connects e-learning to advanced behavioral data, and enables organizations to rapidly build and deliver solutions utilizing analytics to drive better business outcomes. True Office Learning was founded in 1998 and is based in New York city.

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Buyer(S) 1

Buyer

ICE

Atlanta, Georgia, United States

Category Company
Founded 2000
Sector Financial Services
Employees12,920
Revenue 11.8B USD (2024)
DESCRIPTION
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.
Entrance to Intercontinental Exchange's corporate headquarters in Atlanta, Georgia.

ICE is a network of regulated exchanges and clearing houses. The company's futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE was formed in 2000 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 12 of 29
Sector: Internet Software and Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 10 of 18
State: New York M&A 6 of 9
Country: United States M&A 8 of 19
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-07 SuperDerivatives

New York, New York, United States

SuperDerivatives, Inc., a provider of risk management analytics, financial market data and valuation services.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-20 Coinbase

Wilmington, Delaware, United States

Coinbase is a provider of cryptocurrency wallets as well as access to cryptocurrency markets. The Company allows users to purchase Bitcoin currency and use it to purchase goods and services. Coinbase was founded in 2012 and is based in Wilmington, Delaware.

Buy -