Tom Cruise and Katie Holmes reached a settlement in their divorce case, putting an official end to the much-scrutinised romance less than two weeks after Holmes unexpectedly filed for divorce.

?The case has been settled and the agreement has been signed,? Holmes attorney Jonathan Wolfe said in a statement. Cruise?s rep Amanda Lundberg confirmed the settlement.

?We are thrilled for Katie and her family and are excited to watch as she embarks on the next chapter of her life,? the statement from Holmes? attorney said. ?We thank Tom?s counsel for their professionalism and diligence that helped bring about this speedy resolution.?

Cruise, 50, and Holmes, 33, had a romance that ended as it began ? as tabloid fodder. Earlier Monday, they asked for privacy for their family with 6-year-old daughter Suri.

?We are committed to working together as parents to accomplish what is in our daughter Suri?s best interests,? read the statement from Lundberg and Holmes representative Nanci Ryder.

The resolution was notably quick. By way of comparison, Kim Kardashian and Kris Humphries are still negotiating a divorce for an August 2011 marriage that lasted less than three months.

?A quick settlement indicates that they were able to agree that they?ll both do some co-parenting,? said Steve Mindel, a managing partner in the LA law firm Feinberg, Mindel, Brandt and Klein. Mindel said the next step would be for Holmes or Cruise to file to have their status changed to divorced, but that the actual financial and child custody details won?t get filed in court unless there?s some later dispute.

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Tags: Tom Cruise, Katie Holmes, divorce case, Jonathan Wolfe