Carlyle Acquires Trading Monitoring Systems Co.

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."


In Depth

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...