Ideanomics Completes the Acquisition of Cash Flow Positive Timios Holdings Corp

NEW YORK - Rezul -- NEW YORK, -- Ideanomics announced that is has completed its previously announced on 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.

More on Rezul News

• San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard
• CGI+ Sells Multifamily Development Site in Los Angeles' South Bay to JPI for $40 Million
• $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
• Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
• Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids

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/