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.
