IPC Systems has acquired Etrali Trading Solutions, a provider of compliance and unified communications solutions. No financial terms were disclosed. Etrali was owned by The Gores Group.
JERSEY CITY, N.J., Feb. 3, 2016 /PRNewswire/ — IPC Systems, Inc. (IPC), a leading provider of global communications solutions and software for the financial services community, today announced it has completed its acquisition of Etrali Trading Solutions (Etrali), a leader in compliance and unified communications solutions. The new organization offers customers an innovative suite of compliance products, enhanced capabilities in agile network services, advanced communications software, an unparalleled global network community, and an experienced talent base dedicated to service excellence.
“I’m very excited about bringing together the complementary strengths of both companies, particularly as the financial technology sector continues to innovate at a rapid pace,” said Neil Barua, CEO of IPC. “Our customers will realize significant benefits from our expanded geographical footprint and accelerated roll-out of capabilities in compliance and security. This is a pivotal event during a transformational time in the industry. Our shared vision and decades of experience creates a best-of-breed combination – one that provides our customers with progressive solutions to meet their business challenges. I am also excited to welcome Lionel Grosclaude, current CEO of Etrali, who will join my executive team as Managing Director of EMEA and lead our newly created compliance business division.”
By uniting IPC’s award-winning roster of products with Etrali’s compliance expertise and agile service delivery, customers now receive highly differentiated connectivity solutions over a unified access architecture. The company’s enhanced, industry-leading portfolio addresses the most demanding security, compliance and productivity challenges that financial institutions face, all maintained with the highest level of support available.
IPC’s worldwide presence, together with Etrali’s European and Asia Pacific strengths, creates an expanded global footprint that provides customers access to markets in over 700 cities in 60 countries across six continents. It establishes a deep community of more than 6,000 financial services firms operating on an agile, secure and focused Financial Markets Network with multiple on-premise and cloud offerings.
The company will operate as IPC. Its global headquarters remain in Jersey City, NJ, USA, with new regional hubs in EMEA and APAC.
To learn more about the completed combination of IPC and Etrali, please visit: www.ipc.com
IPC Systems, Inc. is the technology and service provider of choice powering the global financial markets. With a 40-year, award-winning history, IPC’s focus on innovation, service excellence and partnership with customers has delivered valuable solutions that set the standard for a productive, secure and compliant financial community. IPC accelerates a customer’s ability to be agile and adapt to dynamic industry requirements for counterparty and liquidity access, advanced networking capability, regulatory adherence and global compliance mandates. Headquartered in Jersey City, New Jersey, IPC connects a global financial services community of more than 6,000 market participants across 700 cities worldwide.
For more information, visit www.ipc.com