IntercontinentalExchange has started to offload the technology business it acquired as part of its acquisition of NYSE Euronext with the sale of the Wombat Financial Software to SR Labs.

Wombat offers financial data management solutions for electronic trading and connectivity. It was first acquired by NYSE Euronext in January 2008 for $200 million. Financial terms of the latest deal with SR Labs were not disclosed and the transaction is expected to close in the third-quarter of this year.