Yesterday there was a bit of consolidation over in the financial networking segment of the industry. IPC Systems has announced the acquisition of smaller rival ASPone.
IPC Systems was once the trader voice arm of Global Crossing and these days is an independent company led by former Global Crossing executive Neal Barua that still focuses tightly on the network and voice needs of financial companies. ASPone targets the same vertical, of course, with one division focused on trader voice and networking needs and another on trading solutions and software. The two have complementary approaches and customer bases, and the combination will surely find both synergies and new opportunities if all goes well.
The financial networking space has long been at the bleeding edge of the bandwidth business. For a while it was all about ultra-low latency, although that has moderated over time. But now the cloud beckons, and if there was ever an industry built to consume on-demand infrastructure-as-a-service in all its forms, the financial community is it. By bringing in some additional talent and scale, IPC is hoping to better position itself to meet that demand.
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Categories: Financials · Managed Services · Mergers and Acquisitions · VoIP
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