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IPC Systems, Inc., a global provider of network services, trading communication technology and enhanced services to the financial markets community, today announced the introduction of its Self-Provisioning Online Tool (SPOT) for Trader Voice services within the EMEA region. SPOT empowers the EMEA Trader Voice community with greater control and visibility into their voice network by enabling customers to self-provision voice connections through IPC’s Xchange Customer Portal. SPOT is the most recent expansion of IPC’s proven, private and secure Xchange Customer Portal, which provides customers with instant, global visibility and hands-on analysis of their trading communications system and network services.

IPC is breaking new ground with the first single provisioning and management interface dedicated to the financial markets. SPOT enables customers to self-provision voice services anytime and proactively administer IPC resources globally. With SPOT, firms in EMEA will be able to:

• Self-provision voice services to IPC’s ever growing community of more than 5,000 global on-net locations
• Efficiently manage voice connections, including new voice installations, shifts or terminations enterprise-wide
• Quickly redirect bearers and channels
• Easily submit or cancel termination requests

“The introduction of SPOT in EMEA is just the first phase in a broader deployment of real-time self-provisioning solutions across our service portfolio to customers around the globe,” said Dave Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “IPC is dedicated to helping our customers achieve maximum business advantage, and the launch of SPOT is another step forward in IPC’s commitment to deliver trader productivity and drive operational efficiencies throughout the financial markets.”

In addition to provisioning, SPOT provides advanced functionality for IPC Financial Markets Network customers to gain complete visibility into their accounts including a dashboard overview of their global voice estate and order status, inventory management capabilities, capacity planning reports and advanced search capabilities. EMEA Trader Voice customers can use SPOT to search, report, reserve, lock, label and assign signaling preferences.

The Self-Provisioning Online Tool is part of IPC’s comprehensive portfolio of Voice Connectivity Services including Trader Voice and EVS. IPC Voice Connectivity Services enable traders to reach counterparties, access global hoot and holler networks and gain greater mobility in a rapid, cost-effective manner. The service also provides access to new markets, proactive infrastructure monitoring and unrivaled flexibility.

 

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

For the second time in the Sell-Side Technology Awards program’s three year history, IPC Systems, a leading provider of trading communications solutions to the world’s top financial services firms, has received the “Best Sell-Side Trading Communications Systems” award. The selection was made by a panel comprised of industry experts and Waters journalists.

“It is our mission to equip customers with technology to be faster, more productive, and more collaborative,” said Michael Speranza, Senior Vice President, Managing Director, Trading Communications Solutions, IPC. “By combining our expertise with our technology, we create products that provide our customers a competitive edge at every stage of the trade lifecycle. Being granted this award for the second year in a row recognizes our dedication to uniting technology with proficiency to drive success for our customers.”

 

“This was a very competitive category, but Unigy’s scale and its ability to help traders improve their productivity was what most won over the judging panel,” said Anthony Malakian, US Editor, Waters.

With more than 120,000 of the world’s trading turret positions, IPC is a market leader in trading communications systems. Unigy®, IPC’s open, single services-oriented architecture (SOA)-based unified trading communications and applications platform, speeds collaboration between traders and the trade support teams across middle and back offices with unprecedented flexibility, scalability and adaptability. Unigy’s interoperability allows it to work with existing systems, IQ/MAX® turrets, PBX phone systems and voice recording equipment to help trading firms transform their workflow. Now live at more than 700 customer sites globally, Unigy helps trading firms of every size reduce complexity, ensure compliance and control operating costs.

IPC also offers a sophisticated suite of trading communications tools that includes: the IQ/MAX turret, intuitively designed to deliver advanced Voice-over-IP technology with maximum clarity, speed, control and power to a trader’s fingertips; IQ/MAX Edge, a Unigy-powered turret designed specifically for small- to medium-sized trading firms; and IQ/MAX Omni, an innovative PC-based soft-turret that offers traders the ability to trade from anywhere. In addition, IPC’s revolutionary Blue Wave® application development platform enables Unigy customers and third party Application Service Providers (ASPs) to create their own business-specific applications.

The winners of the Sell-Side Technology Awards were announced during an awards ceremony in New York on April 21. Bruce Bolcer, Director Product Management at IPC, participated in a Waters video interview special at the ceremony.

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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

IPC Systems, Inc., is proud to announce that one of the company’s thought leaders will be presenting to senior derivatives operations executives from leading financial institutions at the DerivOps North America conference. The event, to be held April 21 and 22, 2015, at the Westin River North in Chicago, Illinois, will provide in-depth discussions on the changes impacting the industry, such as the maturation of SEFs, collateral management and optimization, clearing and settlement, regulatory concerns and infrastructure and technology best practices. IPC’s Ganesh Iyer, Director of Product Marketing, will share his insights on how the managed network-as-service model empowers firms to benefit from industry best practices and allows them to focus on their core business of alpha generation in a presentation titled “Network Technology: Successfully Executing Dynamic Derivative Trading Strategies”.

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

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

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

About Centerbridge Partners, L.P.

Centerbridge Partners, L.P. is an investment management firm focused on private equity and distressed investment opportunities. As of December 2014, the Firm has approximately $25 billion in capital under management with offices in New York and London. The firm is dedicated to partnering with world-class management teams across targeted industry sectors to help companies achieve their operating and financial objectives.

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.

IPC Systems, Inc., a global provider of specialized communications solutions for the financial services community, today announced the successful deployment of Unigy, the leading unified trading communications and application platform, at the Singapore branch of Sumitomo Mitsui Banking Corporation (SMBC) which maintains relationships with more than 210,000 companies in the Asia-Pacific (APAC) region.

SMBC wanted a new infrastructure that would increase the flexibility, scalability and manageability of its trading communications systems. Additionally, SMBC desired to upgrade to a VoIP-based system, capable of integrating with existing private branch exchange (PBX) infrastructure. SMBC also had requirements for improved business continuity planning (BCP) as well as space limitations for equipment at its production and disaster recovery sites.

“We managed to meet all challenges with the solutions provided by IPC and went live within a limited timeframe. IPC analyzed the situation quickly and was very proficient and collaborative,” says Yoshiaki Ota, Joint General Manager–Treasury Unit, Sumitomo Mitsui Banking Corporation, Singapore. “We saw IPC’s commitment to this project by meeting our tight schedule and mobilizing the required resources to enable a successful ‘go-live’ date.”

“Our users require a lot of conferencing and speaker functionalities. We included these individuals in our proof of concept demonstrations and they were comfortable with Unigy,” says Ota. The bank needs to be in constant communication with its customers and counterparties and Unigy’s clarity eliminates the time and extra effort that had been required to communicate.

Unigy’s flexible administration controls combined with tight system security will also help SMBC lower the costs of maintaining trading communications infrastructure. In addition, Unigy’s versatility provides SMBC with the key capabilities necessary to maximize collaboration with their counterparts in overseas offices. Furthermore, increased resiliency means SMBC can continue operations regardless of any external forces that may interrupt normal function of their trading floor.

“We are delighted that SMBC chose IPC for their trading communication systems and BCP needs,” said Bruce Maslen, Vice President, Trading Systems Sales, APAC, IPC. “Our mission is to deliver high quality and value-added voice communications technology solutions that support global trading floors. We will continue to help meet the growing and diversified needs of financial services customers in this region and around the world – helping them to achieve global trading efficiency.”

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

About SMBC

Sumitomo Mitsui Banking Corporation is headquartered in Tokyo, Japan. The large, global firm has more than 25,000 employees located in more than 400 domestic branches and 15 international offices. SMBC engages in deposit taking, lending, securities brokering and trading, securities investment, money transfer, foreign currency exchange, corporate bond trustee services and custody services, financial futures underwriting, investment trust sales and other commercial banking activities.

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.

IPC Systems, Inc., is proud to announce that one of the company’s thought leaders will be presenting to senior FX traders from leading buy-side institutions at the TradeTech FX 2015 conference. The event, to be held January 26 and 27, 2015, at the Trump International Beach Resort in Miami, Florida, will focus on the critical concerns facing the industry, such as the growth of trading technology and automation, fragmentation of liquidity, proliferation of platforms, automated and algorithmic execution, regulatory concerns and changing market structure.

IPC’s Ganesh Iyer, Director of Product Marketing, will discuss how the managed network-as-service model can provide a foundation for cost-effective trading and enable firms to focus on their core business of alpha generation in a presentation titled “Buy-Side Insight: Leveraging Network Technology to Successfully Execute FX Trading Strategies”.

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

Preceded by a year focused on innovation, 2015 is set to become a year of self-improvement in the financial services industry, based on the results from a recent survey of financial firms that highlights increased investment in technology for 2014 amidst a drive to increase efficiency and improve cost-effectiveness. The annual survey, IPC 2015 Capital Markets Technology Trends Survey, conducted by IPC Systems, Inc., a global provider of mission-critical network services and trading communication technology to the financial markets, released today, shows that traders and IT decision makers are increasing their reliance on cloud computing and managed services in order to streamline their processes and improve their bottom line.

In a clear continuation of an ongoing trend, according to the surveys from 2014 and 2015, network infrastructure and services were the top spending focus for the second year in a row, with 40% of respondents indicating this category as a priority. In combination with the priority on technology for traders, the trading desk and trading floor, this suggests that after dedicating 2014 to enhancing their capabilities via innovation, firms are now focused on tapping the full potential of their infrastructure. The increased deployment of cloud computing (31%) and managed services (45%) strongly suggests that firms are taking a “shortcut” to this goal by tapping the expertise of dedicated external professionals, thereby enabling firms to focus on their core competencies.

“Market participants increasingly require sophisticated network technology to adapt to changes in the regulatory environment, market structure and business models,” said David Brown, Senior Vice President and Managing Director, Financial Markets Network, IPC. “A managed network-as-a-service solution allows trading firms to rapidly access a ready-made ecosystem of counterparties and cost- effectively execute complex strategies.”

Additional key findings of this year’s survey include:

• 46 percent of participants said their primary driver for technology investments were improve efficiency and cost effectiveness.
• 64 percent of respondents are implementing or plan to implement cloud computing technology in the coming year. 
• 63 percent of respondents are currently using or have plans to use managed services to support their technology infrastructure.

The research covered a broad range of roles for staff supporting the full trading lifecycle from order initiation and execution to clearing and settlement. Respondents came from the front, middle, and back office and included people involved in both the business and technology side of trading support.

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

IPC Systems, Inc., is proud to announce that two of the company’s thought leaders will be presenting to senior executives from leading financial institutions at the Waters USA 2014 conference. The event, to be held on December 8, 2014 at the New York Marriott Marquis, will focus on cutting-edge IT strategy developments and solutions that are driving innovation and enabling smart business decision making at investment banks, investment management firms, asset management firms, pension funds and hedge funds.

IPC’s Joe Pickel, Global Head of Sales and Marketing, and Ganesh Iyer, Global Head of Product Marketing, will discuss how the managed network-as-service model is transforming capital market communications and enabling firms to focus on their core business of alpha generation in a presentation titled “Transforming the Trade Lifecycle: The Case for a Managed Network-as-a-Service Model”.

About IPC

IPC is a leading global provider of specialized communications solutions for the financial trading 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.

IPC Systems Inc. (“IPC” or the “Company”), a global provider of mission-critical network services and trading communication technology to the financial markets community, announced that it has entered into an agreement to be acquired by Centerbridge Partners, L.P. (“Centerbridge”), a leading private investment firm, from Silver Lake Partners (“Silver Lake”) for approximately $1.2 billion in total deal value.

From its unified communications and software platform to its leading voice and data extranet and award-winning trading positions, IPC offers services and solutions focused on improving the speed, productivity, collaboration, and efficiency of the entire trade lifecycle. The partnership with Centerbridge further enables the Company to deliver these valued services to its customers and to capitalize on its growth opportunities. IPC continues to accelerate its market leading position, fuelled by the increased adoption of its integrated trading communications and application platform, Unigy, its expanding data and voice business and new enhanced services offerings.

“This transaction follows what has been one of IPC’s best years and will help accelerate our continued momentum,” said Neil Barua, Chief Executive Officer of IPC. “Centerbridge has a proven track record of driving long-term sustainable growth, and we look forward to building on our successes with our new owners. I want to thank all of our dedicated employees for their continued efforts in driving value creation. We are a trusted advisor to our customers and will continue to provide the industry-leading service and expertise they’ve come to expect from us.”

 

Jared Hendricks, Senior Managing Director of Centerbridge said, “Having followed the Company for a number of years, we are excited to back IPC and its management team through its next phase of growth and development. IPC is uniquely positioned to deliver tailored, state-of-the-art solutions to serve the complex needs of the financial services community. We look forward to continuing to support IPC’s momentum.”

 

Greg Mondre, Managing Partner at Silver Lake said, “The IPC team, led by former Silver Lake Operating Partner Neil Barua, has been instrumental to the Company’s recent impressive growth and has been an invaluable partner in achieving its leading market position. We look forward to IPC’s continued success and believe Centerbridge will be highly supportive owners.”

The transaction is expected to be completed in January 2015 following the satisfaction of customary closing conditions and approvals.

The company was advised in the transaction by Evercore and Goldman, Sachs & Co. Centerbridge was advised by Barclays and Credit Suisse Securities (USA) LLC, who are also providing debt financing for the transaction.

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 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 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 5,000 customer sites over 700 cities and an installed base of approximately 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has over 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.

About Centerbridge Partners

Centerbridge Partners, L.P., headquartered in New York, NY is a private investment firm with approximately $25 billion in capital under management. The firm focuses on private equity and credit investments and is dedicated to partnering with world-class management teams across targeted industry sectors to help companies achieve their operating and financial objectives.

About Silver Lake Partners

Silver Lake is the global leader in technology investing, with over $23 billion in combined assets under management and committed capital. The firm’s portfolio of investments collectively generates more than $85 billion of revenue annually and employs more than 200,000 people globally. Silver Lake has a team of approximately 110 investment and value creation professionals located in New York, Menlo Park, San Mateo, London, Hong Kong, Shanghai and Tokyo.

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.