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Mdx Technology Acquires Iceflow Technology Limited, A Low-Code/No-Code Saas Workflow Solution For Financial Institutions

Jun 15, 2022•over 3 years ago

Acquiring Company

MDX Technology Ltd

Acquired Company

MDX Technology Ltd

LondonLondonOtherSoftwareOtherSoftware

Description

MDX Technology (MDXT) today announces the acquisition of Iceflow Technologies Limited. Iceflow enables users to build workflows on-the-fly, circumventing congested development queues. Proof of Concepts (POCs) can be set up within days and deployed very quickly due it being a low-code/no-code SaaS platform. Iceflow has been developed by Graham Denyer, ex-IHS Markit and architect of the original Markit EDM solution, Graham will join MDXT as CTO.

Company Information

Company

MDX Technology Ltd

Location

London, Ontario, Canada

About

Almost 40 of the world's leading financial institutions and data providers use MDX Technology to disseminate real-time data and collaborate internally and with clients. Users include TP ICAP, HSBC, ICE and Royal Bank of Canada to name a few. The company is headquartered in London, with offices in North America and representation in the Far East. SOURCE MDX Technology

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed