Lance Boxer, chief executive officer of IPC, commented on the closing, âFor 33 years, IPC has attributed its success to an unwavering commitment to bring clients the most innovative, reliable and robust products and services. As our client base continues to grow and evolve, Silver Lakeâs support of the IPC vision along with their strategic expertise makes for a valuable partnership.â
Greg Mondre, a managing director of Silver Lake Partners, said, "IPC has a long and reliable record of successfully delivering leading edge communications solutions to the world's largest financial services firms and other global enterprises. We are particularly impressed by IPC's talented management team and their well deserved reputation for innovation and world-class service. We look forward to working in partnership with the IPC team to continue growing this very dynamic business."
IPC has served as both the bedrock and the pioneer of global trading floor communications for more than three decades. IPC has consistently received recognition and awards from the industry, including the American Banker/Financial Insights FinTech 100, Institutional Investor Online Financial 40 and Waters Awards. IPC was first to pioneer the use of VoIP (Voice over Internet Protocol) on the trading floor and introduced the first VoIP-based turret in 2001 and its second generation VoIP-based turret in 2006. IPC also provides communications solutions globally to public safety; government; power, energy and utility; and transportation organizations.
Goldman Sachs served as financial advisor to IPC in connection with the transaction. J.P. Morgan and Morgan Stanley served as M&A advisors to Silver Lake in connection with the transaction. Simpson Thacher & Bartlett LLP served as legal advisors to Silver Lake. Fried Frank Harris Shriver & Jacobson LLP served as legal advisors to GS Capital Partners and IPC.