October 12, 2006

INVESTools Announces Merger with thinkorswim

Combines Leading Investor Education Firm with Top-Ranked Online Brokerage Platform

INVESTools (NASDAQ:IEDU), a leading provider of investor education solutions, announced its plans to merge with thinkorswim, a leading retail option brokerage, in a transaction valued at approximately $340 million. INVESTools' continuing education offerings on options complement thinkorswim's award-winning options-oriented execution platform, creating a unique business model with the ability to offer differentiated product offerings for the retail investor.

Updata Capital provided a fairness opinion to INVESTools with respect to the transaction.


	Updata Capital® Enterprise Application Software M&A Transactions
	Recent enterprise application software mergers and acquisitions deals completed by Updata Capital
	http://updataadvisors.com/transactions.asp?sector=13&level2id=52&level2name=Enterprise%20Application%20Software&sectorname=ALL%20SECTORS

Topic Tags: enterprise application software, financial technology, INVESTools, thinkorswim, Updata Capital

by Robin Dvorak

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