Saturday, 28 November 2015
Last updated 1 day ago
Sep 26 2011 | 1:18pm ET
The Carlyle Group has acquired a financial monitoring software company.
The $153 billion private equity giant has bought London-based ITRS, it said today. Terms of the transaction were not disclosed, but Carlyle funded the purchase with its three-year-old Carlyle Europe Technology Partners II fund.
ITRS boasts 600 clients, including eight of the top 10 global investment banks, for its flagship trading infrastructure monitoring system, Geneos. Carlyle has pledged to help ITRS' international expansion effort and its customized product offering effort.
"We are very excited about the prospect of working with Carlyle to support Kevin and his management team in growing the business," ITRS founder Stephen Bates said, referring to CEO Kevin Covington. "We are confident that we now have the optimal team to provide a platform for innovation in products and services, and to deliver growth in international and new markets."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…