Trading
communications provider IPC Systems announced today (Tuesday) its acquisition
of software communications firm Intracom Systems, expanding its technology
offerings in the financial services sector.
IPC Expands Trading
Communications Suite with Intracom Systems Acquisition
The
transaction, whose financial terms weren’t disclosed, combines Intracom’s
push-to-talk matrix technology with IPC’s Unigy platform, creating an
integrated communications system for financial institutions’ front, middle, and
back-office operations.
“Intracom’s
innovative technology empowers us to deliver unparalleled downstream
functionality and channel interoperability for our financial services clients,”
said Kurt Adams, CEO of IPC.
“This
acquisition enables IPC to deepen its value proposition, providing
communication solutions that extend from traders on the front lines to
compliance teams and middle- and back-office operations, all through a secure,
scalable SaaS model.”
The
combined technology will serve various segments of the financial services
industry, from trading desks to wealth management offices.
Intracom
Systems, known for its software-based communication solutions across multiple
industries, will now focus on optimizing its platform for financial services
applications. Stephen Brand, Intracom’s Co-Founder and CEO, will remain with
the company to oversee the integration process.
“Intracom’s
mission has always been to solve complex communication challenges,” said Brand.
“Joining IPC enables us to expand our reach within the financial services
industry while maintaining our commitment to delivering cutting-edge
solutions.”
The
acquisition is expected to close in the first quarter of 2025, subject to
customary regulatory approvals. IPC indicated that existing clients would
continue receiving current services during the integration period.
Key Strategic Developments
in Late 2024
Systems has
undergone significant strategic developments in recent months, including a
senior leadership appointment and two major technological partnerships.
The company
named Izzy Dawood as Chief Financial Officer in November. Dawood, who
previously served as CFO at CURO Financial Technologies and Paysafe, brings
over two decades of financial leadership experience to the role.
On the
technology front, IPC deepened its collaboration with Amazon Web Services
(AWS), resulting in the deployment of a new voice transcription solution. The
service has already gained traction among Fortune 100 financial institutions.
Earlier in
November, IPC formed a partnership with LeapXpert to enhance its messaging
compliance capabilities. The collaboration aims to address regulatory
requirements from major financial authorities through a federated messaging
environment that enables cross-platform communication.
Trading
communications provider IPC Systems announced today (Tuesday) its acquisition
of software communications firm Intracom Systems, expanding its technology
offerings in the financial services sector.
IPC Expands Trading
Communications Suite with Intracom Systems Acquisition
The
transaction, whose financial terms weren’t disclosed, combines Intracom’s
push-to-talk matrix technology with IPC’s Unigy platform, creating an
integrated communications system for financial institutions’ front, middle, and
back-office operations.
“Intracom’s
innovative technology empowers us to deliver unparalleled downstream
functionality and channel interoperability for our financial services clients,”
said Kurt Adams, CEO of IPC.
“This
acquisition enables IPC to deepen its value proposition, providing
communication solutions that extend from traders on the front lines to
compliance teams and middle- and back-office operations, all through a secure,
scalable SaaS model.”
The
combined technology will serve various segments of the financial services
industry, from trading desks to wealth management offices.
Intracom
Systems, known for its software-based communication solutions across multiple
industries, will now focus on optimizing its platform for financial services
applications. Stephen Brand, Intracom’s Co-Founder and CEO, will remain with
the company to oversee the integration process.
“Intracom’s
mission has always been to solve complex communication challenges,” said Brand.
“Joining IPC enables us to expand our reach within the financial services
industry while maintaining our commitment to delivering cutting-edge
solutions.”
The
acquisition is expected to close in the first quarter of 2025, subject to
customary regulatory approvals. IPC indicated that existing clients would
continue receiving current services during the integration period.
Key Strategic Developments
in Late 2024
Systems has
undergone significant strategic developments in recent months, including a
senior leadership appointment and two major technological partnerships.
The company
named Izzy Dawood as Chief Financial Officer in November. Dawood, who
previously served as CFO at CURO Financial Technologies and Paysafe, brings
over two decades of financial leadership experience to the role.
On the
technology front, IPC deepened its collaboration with Amazon Web Services
(AWS), resulting in the deployment of a new voice transcription solution. The
service has already gained traction among Fortune 100 financial institutions.
Earlier in
November, IPC formed a partnership with LeapXpert to enhance its messaging
compliance capabilities. The collaboration aims to address regulatory
requirements from major financial authorities through a federated messaging
environment that enables cross-platform communication.
This post is originally published on FINANCEMAGNATES.
