HONG KONG, Sept. 10, 2015 /PRNewswre/ -- IPC Systems, Inc. (IPC), a leading global provider of specialized communications solutions for the financial services community, today announced that it has made a binding proposal to combine the businesses of IPC and Etrali Trading Solutions (Etrali), a leading provider of compliance and unified communication solutions.
IPC and Etrali have developed complementary businesses that provide cutting-edge technology and services required in the global financial markets. The proposed combination would enable the companies to further advance their strategic visions and growth plans to offer the most comprehensive solutions to the global financial community they both serve.
Executive Management of both companies are supportive and excited by the future project and the opportunity to create greater value for the global financial community.
The completion of the proposed transaction is subject to information consultation with Etrali's Works Council and other customary closing conditions. IPC has been granted an exclusive negotiating period by Etrali's shareholders.
About Etrali
Etrali Trading Solutions is the global compliance & unified communication services integrator for trading. Employing over 500 people in major financial centres, the company, which empower business transformation and meet changing market requirements, is supported by a global partner network of distributors in 50 countries.
Founded in 1965, Etrali Trading Solutions was acquired by The Gores Group, a private equity firm in 2013. With longstanding experience in the trading industry, the company brings innovative solutions and the highest quality service focusing on building long-term partnerships with customers. It provides innovative and optimised solutions over its dedicated trading network to a community of more than 2,000 network member organisations, encompassing buy-side and sell-side institutions and trading venues. Etrali Trading Solutions also offers state of the art, flexible, unified voice trading solutions and compliance products including movable recording and business continuity capabilities.
For more information, visit www.etrali.com.
About IPC
IPC is a global provider of mission-critical network services and trading communication technology to the financial markets community. With complete focus on this sector and more than 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle, including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC's offerings include a unified communications/application platform, award-winning trading positions, managed voice and data connectivity solutions, compliance technologies, infrastructure management and a suite of enhanced service offerings. IPC's global reach extends to more than 60 countries -- including a network of nearly 5,000 customer sites across 700 cities and an installed base of more than 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has more than 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. IPC's mission is to continually innovate to support collaboration across the global financial community and address our clients' needs in an ever-changing landscape.
For more information, visit www.ipc.com
Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.
Media Contacts
Khurram Mirza
IPC Systems, Inc.
+1-201-253-2285
khurram.mirza@ipc.com
Ronald Mina
Finn Partners for IPC
+1-212-593-6485
ronald.mina@finnpartners.com
Anne-France Malrieu
Image Sept for IPC
+33-1-5370-7470
afmalrieu@image7.fr
Ethel Ooi
Communications Manager
Pink Tiger Media for IPC
+60-4-210-2897
ethel.ooi@pinktigermedia.com
Raewyn McBain
CEO
Pink Tiger Media for IPC
+60-4-210-2890
raewyn.mcbain@pinktigermedia.com
Katherine Dvorkin/Sam Hannaford
Cognito Europe for Etrali
+44-20-7426-9400
etralitradingsolutions@cognitomedia.com
