M&A Deal Summary

24 Exchange Acquires 11B Technologies

On July 27, 2021, 24 Exchange acquired information technology company 11B Technologies

Acquisition Highlights
  • This is 24 Exchange’s 1st transaction in the Information Technology sector.
  • This is 24 Exchange’s 1st transaction in the United States.
  • This is 24 Exchange’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-07-27
Target 11B Technologies
Sector Information Technology
Buyer(s) 24 Exchange
Deal Type Add-on Acquisition

Target

11B Technologies

Jersey City, New Jersey, United States
11B Technologies is a technology and service provider for OTC venues, brokers, and professionals, based in Jersey City.

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Buyer(S) 1

Buyer

24 Exchange

Hamilton, Bermuda
Category Company
Founded 2019
Sector Business Services
DESCRIPTION

24 Exchange is a multi-asset class trading platform that allows market participants to exchange their exposures at the lowest possible cost. 24 Exchange's mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange was founded in 2019 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Mergr

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Company

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