IPC, the leading provider of specialized solutions for the financial services community, today announced the appointment of Neil Barua as Chief Executive Officer, effective immediately. A veteran of the telecom and financial industries, Mr. Barua had been serving as interim CEO of IPC since February 2014.
Previously, Mr. Barua was an Operating Partner at Silver Lake, the global leader in technology investing, and will remain part of the Silver Lake extended community as CEO of one of its portfolio companies.
“I am excited and honored to join IPC as Chief Executive Officer,” said Mr. Barua. “During my time at IPC, I have developed tremendous respect for the people at this company and how we serve our customers as a trusted partner. I’m thrilled to accelerate our current momentum and provide superior trading and connectivity solutions to our customers.”
“Neil has done a tremendous job at IPC in his interim role, and we couldn’t be more pleased to have him lead IPC into its next phase of growth,” said Greg Mondre, Managing Partner at Silver Lake.
Mr. Barua previously served as Operating Advisor at private equity firm Francisco Partners. His management experience includes his role on the executive leadership team that took telecommunications company Global Crossing through a restructuring and consequent sale to Level 3 Communications. Mr. Barua held several leadership positions at Global Crossing around the world, including Managing Director of its $700 million+ enterprise services division, where he led the team to significant growth. Before Global Crossing, Mr. Barua worked at Asia Global Crossing in Hong Kong and was a key participant in its $400 million initial public offering.
IPC is a leading global provider of specialized solutions for the financial services community. With a 100-percent focus on this sector and over 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 hard and soft turrets, managed voice and data network connectivity solutions, trading communications infrastructure management and dedicated service and support. IPC’s global reach extends to more than 60 countries – including a network of 5,000 customer sites over 700 cities and an installed base of approximately 118,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has approximately 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. For more information, visit www.ipc.com.
