Institutional Cash Distributors, LLC
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Institutional Cash Distributors, LLC - overview
Established
2003
Location
Golden, CO, US
Primary Industry
Software
About
Based in Colorado, US, and founded in 2003 and led by co-founders Jeffrey C. Jellison, Edwin P. Baldry, and Thomas P. Newton, Institutional Cash Distributors, LLC operates as a developer of Software-as-a-Service portal solutions to provide trading services, investment channels, and risk management services.
In April 2024, Tradeweb Markets LLC agreed to acquire Institutional Cash Distributors, LLC from Parthenon Capital for USD 785 million, in cash. Institutional Cash Distributors, LLC offers the ICD portal, which is an unbiased platform for trading money market funds and other short-term investments, providing maximum visibility and control. The company offers ICD Portfolio Analytics leverages AI technology provides a variety of features such as investment data, offering compliance limit analysis, and risk monitoring. In addition, the firm tools to improve treasury professionals to manage their investments and maintain compliance and gain valuable insights into their portfolios.
Current Investors
Parthenon Capital
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.icdportal.com
Verticals
Cloud Computing, FinTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Institutional Cash Distributors, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Institutional Cash Distributors, LLC | - | ||||||||
| Private Debt | Completed | Institutional Cash Distributors, LLC | - | ||||||||
| Growth | Completed | Institutional Cash Distributors, LLC | - |
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Institutional Cash Distributors, LLC - employee data
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