Friday, 22 August 2014
Last updated 11 min 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."
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note