IPC Systems, Inc. is an American company headquartered in Jersey City, New Jersey that provides and services voice communication systems for financial companies. In 2014, IPC Systems employs approximately 1,000 employees throughout the Americas, EMEA and Asia-Pacific regions"IPC Systems Rings The NASDAQ Stock Market Closing Bell"
''Nasdaq'', 31 July 2013. Retrieved on 10 June 2013. IPC's products, called

trading turret A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks. Trading has progressed from floor trading through phone trading to electronic trading during the later hal ...

s, are specialized, multi-line, multi-speaker communications devices used by traders. Turrets can have access to hundreds of lines and allow traders to monitor multiple connections simultaneously to maintain communication with counterparties, liquidity providers, intermediaries and exchanges IPC's desktop system for traders provides multiple market data screens. and gives traders the option to use instant messaging for colleague communications while checking on incoming calls. In 2010, IPC was described by Waters Technology as the "Best Trading Turret Provider"Anderson, Victor
"Best Trading Turret: IPC"
''Waters Technology'', 23 August 2010. Retrieved on 10 June 2013. Companies that provide similar services to IPC Systems include BT and

Orange Business Services Orange Business Services, the business services arm of Orange S.A., is a global integrator of communications products and services for multinational corporations. Orange Business Services offers integrated communications products and service ...

History

IPC was founded as Interconnect Planning Corporation, a consulting company, in 1973. Its voice communication system was created after Republic National Bank approached IPC founder Stephan Nichols with a request to improve the bank's trading hardware"Waters Hall of Fame"
''Waters Technology'', 01 January 2000. Retrieved on 10 June 2013. In 2001, IPC Systems was purchased by

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

.it comman words 123456789 ng Newsflashes: Silver Lake Partners Acquires IPC Information Systems from GS Partners for $800 Million"
''Wall Street and Technology'', 03 August 2006. Retrieved on 10 June 2013. IPC was the first to use

Voice over Internet Protocol Voice over Internet Protocol (VoIP), also called IP telephony, is a method and group of technologies for the delivery of voice communications and multimedia sessions over Internet Protocol (IP) networks, such as the Internet. The terms Internet t ...

(VoIP) on the trading floor; this reduced communication costs. The company introduced the first VoIP-based turret in 2001 and its second generation VoIP based turret, the IQ/MAX, in 2006.Jawoski, Alexa
"Merrill Installs IPC VoIP Trading Turrets"
''Securities Technology Monitor'', 19 November 2007. Retrieved on 10 June 2013. Goldman Sachs sold the company to

Silver Lake Partners Silver Lake is an American global private equity firm focused on investments in technology, technology-enabled and related industries. Founded in 1999, the firm is one of the largest technology investors in the world. Its investment holdings have ...

in 2006 for $800 million. In 2014,

Centerbridge Partners Centerbridge Partners is a multi-strategy private investment firm focused on leveraged buyouts and distressed securities. The firm manages over $32 billion of assets

announced that it had agreed to acquire IPC Systems from Silver Lake Partners. IPC Systems also developed a division called Positron Public Safety, which developed similar systems for use by

911 operator A dispatcher is a communications worker who receives and transmits information to coordinate operations of other personnel and vehicles carrying out a service. A number of organizations, including police and fire departments, emergency medical s ...

s and other dispatchers. This was sold in 2008 to rival Intrado."Intrado-IPC Positron deal expected to close this quarter"
Nov 18, 2008 Donny Jackson , ''Urgent Communications''

References

{{Reflist 1973 establishments in New Jersey Companies based in Jersey City, New Jersey Consulting firms established in 1973 Telecommunications equipment vendors Telephone exchange equipment Electronics companies established in 1973