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Centerbridge Partners Completes Its Acquisition of IPC SystemsJERSEY CITY, N.J., Feb. 9, 2015 /PRNewswire/ -- IPC Systems, Inc., a global provider of network services, trading communication technology and enhanced services to the financial markets community, today announced that affiliates of Centerbridge Partners, L.P., a leading private investment firm, have completed their acquisition of IPC from Silver Lake Partners. The acquisition was announced in December 2014. IPC offers services and solutions for capital markets participants across all asset classes. From its unified communications and software platform to its industry leading data and voice extranet, IPC remains focused on improving the speed, productivity, collaboration, and efficiency of the entire trade lifecycle. IPC continues to accelerate its market segment leading position, fueled by the increased adoption of its integrated trading communications and application platform, Unigy®. The IPC Financial Markets Network is the leading choice for capital market participants enabling data and voice connectivity through its Network-as-a-Service (NaaS) offerings. Its suite of solutions addresses industry imperatives such as business continuity planning, network diversity and speed of execution. IPC Enhanced Services supports its customers' trading communications environments and is committed to collaboration, service excellence and value. "Last year was one of IPC's best years on record and we are expanding on that momentum," said Mr. Neil Barua, Chief Executive Officer of IPC. "Our focus remains on delivering products and services that contribute to our customers' success. This unwavering commitment to our customers coupled with Centerbridge's proven ability to drive long-term sustainable growth will further strengthen our global brand. We look forward to working together with our new owners." Mr. Jared Hendricks, Senior Managing Director at Centerbridge said, "IPC has a track record of innovation and success that has made it a valued strategic partner to the world's most preeminent financial institutions. The Company is uniquely positioned to deliver tailored, state-of-the-art solutions to serve the complex needs of the financial services community. We are excited to support IPC and its management through the Company's next phase of growth and innovation." IPC was advised by its financial advisors, Evercore and Goldman, Sachs & Co. and its legal advisor, Simpson Thacher & Bartlett LLP. Centerbridge was advised by its financial advisors, Barclays and Credit Suisse Securities (USA) LLC and its legal advisor, Weil, Gotshal & Manges LLP. About IPC About Centerbridge Partners, L.P. 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/centerbridge-partners-completes-its-acquisition-of-ipc-systems-300032239.html SOURCE IPC Systems, Inc. |