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New York – October 6th, 2021 – IPC, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets, announced today that its industry-leading solution for Traders to work remotely, Unigy Soft Client, is now Citrix Ready.  

Citrix Ready is a technology partner program that helps software and hardware vendors of all types develop and integrate their products with Citrix technology for Digital Workspace, Networking, and Analytics. To earn the Citrix Ready designation, partners must validate their solutions through a robust testing and verification process that ensures compatibility with Citrix solutions. 

Unigy Soft Client provides users with the same functionality, consistency, and flexibility that is expected from Unigy, regardless of location. The application can be rapidly deployed and delivers powerful features with the same intuitive look & feel and workflow as the end-user interface of the IQ/MAX Touch financial terminal. Traders and other regulated users can replicate virtually the same experience they have physically in the office anywhere, including at home. 

“Today’s traders demand a consistent experience wherever they work. Trading firms now need to have the ability to trade flexibly from anywhere– in a secure and compliant manner,” commented Joseph Pickel, VP Product Strategy, IPC. “This is an enormous competitive benefit in an uncertain and ever-shifting environment.” 

Used in conjunction with Citrix Workspace™,  Unigy Soft Client enables traders and all regulated users to: 

• Access their office work environment from anywhere using a virtual desktop infrastructure – no VPN needed 
• Leverage a unified communication solution created with today’s evolving trading needs in mind 

• Switch seamlessly between a turret and a soft client on a laptop or desktop device 
• Do their best work with a seamless workspace experience using a soft trading platform flexibly deployed, managed, and maintained from a centralized infrastructure 

“The modern workplace of today relies on real-time collaboration whether it’s an audio call among a few team members or a video conference hosting a large group of attendees. We are glad to onboard IPC to our ecosystem of Unified Communications solutions,” says John Panagulias, Director, Technology Partner Programs, Citrix. “Together IPC and Citrix help provide an integrated solution with a consistent user experience across various device types and platforms – even helping to enable capabilities on platforms without native client support.”  

About IPC 

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on Linkedin and Twitter (@IPC_Systems_Inc). 

 

October 1, 2021—New York, NY— IPC Systems, Inc. (“IPC” or the “Company”), a leading global provider of secure, compliant communications and networking solutions for the global financial markets, today announced that it has entered into a Transaction Support Agreement (the “Agreement”) with its key stakeholders that will reduce the Company’s debt by over $400 million, extend its debt maturity schedule by 5 years and provide new capital of $125 million to deliver the resources for investment in long-term growth strategies. 

Bob Santella, CEO of IPC, commented: “The balance sheet enhancements we are announcing today will allow us to continue building a robust future for IPC and strengthen our partnership with employees, customers, suppliers and other strategic relationships. I am especially excited about accelerating our efforts to provide our customers with new, innovative solutions for their mission-critical challenges – through both organic and inorganic actions in the months and years ahead.  We are also encouraged and thankful to have the support of our shareholders and lenders, which reflects their high level of confidence in us.” 

The parties to the Agreement include:  funds managed by Strategic Value Partners, LLC and its affiliates (“SVPGlobal”), a lender that, as a result of this transaction, will become a substantial equity sponsor and equityholder; affiliates of Centerbridge Partners, L.P. (“Centerbridge”), the Company’s existing private equity sponsor that will continue to be a significant equityholder; and certain of its current debt investors, including HPS Investment Partners, LLC. HPS will also serve as administrative agent for a group of lenders in a new and streamlined debt structure.  

Victor Khosla, Founder and Chief Investment Officer of SVPGlobal, said: “We strongly believe that, as the result of the agreement reached today, IPC will maintain its position as a global communications and networking solutions leader over the long term.  We are excited about renewing our partnership with IPC and, in our more active role, look forward to supporting management as they continue to provide the first-in-class services for which they are known.” 

Jared Hendricks, Senior Managing Director at Centerbridge, said: “IPC has an excellent track record of delivering innovative solutions to the world’s leading financial institutions, and Bob has done a tremendous job leading the Company since he joined in 2018.  We look forward to continuing to support IPC, Bob and his management team in their next phase of innovation and growth.” 

Mr. Santella continued: “At IPC, we pride ourselves on helping our clients anticipate change and solve problems, and this is equally true for how we manage our multi-award-winning business.  For nearly fifty years, we have evolved and adapted to grow and better serve our clients in a dynamic and changing industry. The actions we are announcing today will give the Company the financial foundation to continue setting the standard with industry expertise, exceptional service and comprehensive technology solutions for many years to come.” 

“We are grateful to our employees for their continued hard work and dedication to IPC’s clients throughout this process.  We also thank our customers, suppliers and other business partners for their support as we focused on aligning IPC’s financial structure for long-term success,” Santella concluded.  

IPC’s professional advisors included Kirkland & Ellis and Evercore. 

About IPC 

IPC is a technology and service leader powering the global financial markets. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants.  As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit www.ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc). 

About SVPGlobal 

SVPGlobal is a global investment firm focused on distressed debt, special situations and private equity opportunities with more than $17 billion in assets under management. The firm, established by Victor Khosla in 2001, has approximately 130 employees, including approximately 50 investment professionals, across its main offices in Greenwich (CT), London and a presence in Tokyo.  It was among the earliest U.S. distressed firms to establish a European office, opening in London in 2004.  In total, SVPGlobal has invested more than $36 billion of capital since its inception in 2001, including $16 billion in Europe, and led over 150 significant transactions.  SVPGlobal is a signatory of the United Nations supported Principles for Responsible Investment (PRI).  The PRI is recognized as the leading global network for investors committed to integrating environmental, social and governance (ESG) considerations into their investment decision making.  Learn more at www.svpglobal.com. 

About Centerbridge 

Centerbridge is a private investment management firm employing a flexible approach across investment disciplines — private equity, private credit and real estate — in an effort to develop the most attractive opportunities for our investors.  The Firm was founded in 2005 and as of July 1, 2021 has approximately $31 billion in capital under management with offices in New York and London.  Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies.  For more information, please visit www.centerbridge.com.  

Certain statements contained in this press release may be forward-looking statements. Any forward-looking statements are based on current expectations, assumptions, estimates and projections and involve known and unknown risks and uncertainties. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.

 

NEW YORK, September 13, 2021 – IPC, a leading provider of secure, compliant communications and multi-cloud connectivity solutions for the global financial markets, today announced that it was ranked 46th on the 2021 IDC FinTech Rankings. The 18th annual vendor ranking represents the leading hardware, software and service providers to the financial services industry globally.   

“IPC provides some of the largest financial institutions in the world with the cutting-edge solutions and support they need to stay competitive,” said Bob Santella, Chief Executive Officer, IPC. “Our continued inclusion on the IDC FinTech Rankings is illustrative of our steadfast commitment to the global financial markets.” 

IDC Financial Insights forecasts global spending on financial services IT across the globe to be $590 billion (USD) by 2025. To meet this demand, IPC has a wide array of products and solutions that power the financial markets worldwide. These offerings include Connexus Cloud, an unparalleled, award-winning multi-cloud platform that interconnects more than 7,000 diverse capital market participants across 750 cities in over 60 countries, as well as Unigy, the industry-leading platform purpose-built to enable mission-critical trading communications. 

The annual IDC FinTech Rankings have become an important measure of the health and direction of technology in the industry, and the emergence of innovative solutions from new players. In addition, the IDC FinTech Rankings serve as a critical tool for financial services institutions to use during strategic planning, and to review whenever they consider new investments in third-party solutions.  

“Being named in the IDC FinTech Rankings is a significant accomplishment, demonstrating a provider’s commitment to the success of its financial institution clients,” said Marc DeCastro, Research Director, IDC Financial Insights. “The IDC Fintech Rankings, now in its 18th year, is the global standard list of fintech providers to the industry, and we congratulate the 2021 winners.” 

About IPC 

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc). 

About IDC Financial Insights 

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company.   

 Certain statements contained in this press release may be forward-looking statements. Any forward-looking statements are based on current expectations, assumptions, estimates and projections and involve known and unknown risks and uncertainties. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.