• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

IPC Named Among Top 100 Suppliers to Financial Services Industry; Ranking Reflects Success of VoIP on the Trading Floor and IPC's Overall Commitment to Innovation

Posted on: Wednesday, 9 November 2005, 09:00 CST

IPC Information Systems, the leading provider of trading floor communications solutions for the global financial services industry, today announced that consulting firm Financial Insights and American Banker have named IPC to the FinTech 100, an international annual listing of the top vertical financial technology vendors.

IPC, whose products and services support more than 2400 trading floors around the globe, was selected from thousands of companies, many of whom actively sought inclusion but did not make the list. IPC was ranked 32nd. Revenue was a key factor in the decision-making process, attesting to the company's stability and their successful deployment of mission-critical voice communications solutions and services, today in use by the majority of the world's largest financial institutions.

"We're thrilled to be included among the elite providers in the industry," said Lance Boxer, CEO of IPC. "IPC has been serving its clients for over three decades, and we believe that our dedicated focus -- financial services -- has given us a huge advantage, allowing us to invest in engineering the best, most forward-looking solutions and services in the marketplace."

IPC forged a leadership position in the development of VoIP solutions when it was first to introduce the VoIP-based trading turret in 2001. IPC has always invested heavily R&D, and the industry has been quick to embrace its offerings. Currently, nearly 30% of IPC's more than 100,000 global trading positions are powered by VoIP.

"VoIP has come into its own on the trading floor as global operations grow increasingly more sophisticated," said Damon Kovelsky, Senior Analyst, Financial Insights. "We've seen more and more firms leveraging VoIP to achieve greater flexibility and reliability in order to meet rapidly changing market demands."

About IPC

IPC is a leading provider of mission-critical communications solutions to global enterprises. With more than 30 years of expertise, IPC provides its systems and services to the world's largest financial services firms, as well as to public safety; government; power, energy and utility; and transportation organizations. IPC offers its customers a suite of products and enhanced services that includes advanced Voice over IP technology, and integrated network and management services to 40 countries. Based in New York, IPC has over 800 employees throughout the Americas, Europe and the Asia Pacific regions. For more information visit www.ipc.com.

Statements made in this news release that state IPC's or its management's intentions, beliefs, expectations, or predictions for the future constitute "forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.

(C)2004 IPC Acquisition Corp. All Rights Reserved. IPC, IQMX, and ICMX are trademarks of IPC. All other trademarks are the property of their respective owners.

Source: Business Wire

More News in this Category