IPC Systems, Inc. (IPC), a leading global provider of specialized communications solutions for the financial services community, today announced that it has made a binding proposal to combine the businesses of IPC and Etrali Trading Solutions (Etrali), a leading provider of compliance and unified communication solutions.
IPC and Etrali have developed complementary businesses that provide cutting-edge technology and services required in the global financial markets. The proposed combination would enable the companies to further advance their strategic visions and growth plans to offer the most comprehensive solutions to the global financial community they both serve.
Executive Management of both companies are supportive and excited by the future project and the opportunity to create greater value for the global financial community.
The completion of the proposed transaction is subject to information consultation with Etrali’s Works Council and other customary closing conditions. IPC has been granted an exclusive negotiating period by Etrali’s shareholders.