Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Latest news
  3. Carlyle Group buys ITRS
Latest news
Carlyle Group buys ITRS
27 September 2011 Washington
Reporter: Anna Reitman

Image: Shutterstock
Carlyle Group has announced the acquisition of ITRS Group, a global provider of real-time monitoring systems for the world’s financial institutions, in partnership with its founders and management.

Carlyle will support ITRS’ international expansion and is committed to broadening its specialized product offering. Furthermore, this investment will facilitate ITRS’ diversification and continue to enable clients to be at the forefront of the market’s evolving demand for continuous real-time risk and performance monitoring of trading platforms.

The acquisition, says Fernando Chueca, director in Carlyle’s European Technology Partners team (CETP), comes "as financial firms are increasingly challenged by the growing cost and complexity of running high-performance trading infrastructures, and facing the increased regulatory pressure to manage the operational risk of potential systems outages".

ITRS’ core product is Geneos, which enables real-time proactive and predictive monitoring and management, presenting financial institutions with an ultra-high speed overview of their trading environment. It further enables ITRS’ clients to quantify the performance and robustness of an institution’s trading infrastructure at local, regional and global levels. Geneos is therefore able to enhance risk management, minimise latency and reduce the level of trading and reputational risk, wrote Carlyle Group.


← Previous latest article

Darwin selects Phoenix Fund Services
Next latest article →

DTCC Will Implement ISO 20022
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today