(Bloomberg) -- Intercontinental Exchange Inc. is expanding its data services business, the company’s fastest-growing source of revenue, with the $5.2 billion acquisition of Interactive Data Holdings Corp.

IDC, which filed to become a public company earlier this year, specializes in pricing corporate bonds. For the first half of the year, the firm earned 72 percent of its revenue, or $337.5 million, from its pricing and reference data segment, according to a company filing. ICE’s latest acquisition brings further resources to its data business that has already been expanded by the $350 million purchase of SuperDerivatives in October 2014. The company’s data fee segment grew 29 percent in the quarter ended in June compared with a year earlier, the biggest jump of any unit.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access