19.5 C
London
Thursday, September 18, 2025
HomeBusinessIdeanomics Completes the Acquisition of Cash Flow Positive Timios Holdings Corp.

Ideanomics Completes the Acquisition of Cash Flow Positive Timios Holdings Corp.

Date:

Related stories

Boeing Secures $1.6 Billion NASA Contract Extension for Starliner Crew Missions to ISS

On September 12, 2025, the American aerospace manufacturer Boeing...

Newland Introduces S90 Android SmartPOS Series for Global Retail Sector

Newland Payment Technology (NPT), a leading global provider of...

Growing Focus on Health and Wellbeing as Americans Seek Balance

Across the United States, more people are recognizing the...

NEW YORK, Jan. 11, 2021 — Ideanomics (NASDAQ: IDEX) announced that it has completed its previously announced acquisition of privately held Timios Holdings Corp. (“Timios”), a nationwide title and settlement solutions provider. 

CEO Raymond B. Davison and President Joseph Montag will continue to lead Timios, and the company will retain its current leadership, personnel, branding, and culture and operate as an entity within the Ideanomics Capital division.

Timios currently has 285 employees and operations in 44 states, and has booked over $60 million in YTD revenues, including over $8 million in October 2020.

Timios combines difficult to obtain licenses, a knowledgeable and experienced team, and a scalable solutions platform to deliver best-in-class service through both centralized processing and a localized branch network. Timios has introduced significant product and service level improvements, becoming an innovator in the real estate title and escrow services industries – markets poised for technology disruption.  Ideanomics will assist Timios in scaling its business in various ways, including referring client acquisition and product innovation.

November 12, 2020 News Link –https://investors.ideanomics.com/2020-11-12-Ideanomics-Announces-Definitive-Agreement-to-Acquire-Timios-Holdings-Corp

https://www.timios.com/
https://ideanomics.com/

PR News Editor
PR News Editorhttps://prnewsblog.com
Dawn Jackson is Editor of PR News Blog, a leading free press release distribution platform and Google News publisher. Submit your news to us for free distribution today. www.prnewsblog.com/join-now

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here