There's may be a bit of impending consolidation in the financial networking world. IPC Systems said yesterday that it has made a binding proposal to Etrali Trading Solutions.
Etrali specializes in UC and compliance solutions for traders, and was a division of Orange before being sold to the Gores Group two years ago. Gores planned to accelerate the company's growth via both organic and inorganic means, although not much has happened on the latter end until now. The combination with IPC makes plenty of sense, as the two companies' technology and customer bases seem like a good fit.
Details of the proposed transactions are not yet available. It's not a done deal yet either, with an 'information consultation' with Etrali's Works Council and other items yet to figure out, but IPC has been granted an exclusive negotiating period.
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