The Carlyle Group (Carlyle) has acquired ITRS Group (ITRS), a global provider of real-time monitoring systems for the world’s financial institutions. Financial terms were not disclosed.
ITRS is primarily focused on supplying the financial services sector with trading infrastructure monitoring software. The company has over 600 installations worldwide and its clients include investment banks, several brokers, exchanges, hedge funds and data vendors. In the year ended March 2011, ITRS generated more than £16m in revenues. The company was formed in 1997 and is headquartered in London, with offices in New York, Hong Kong and Manila.
ITRS’ core product is Geneos, which enables real-time monitoring and management and Carlyle will support ITRS’ international expansion.
Since 2002, Carlyle’s European Technology team has invested in 22 companies. Recent fund investments in the financial technology sector include: FRS Global, a risk and regulatory compliance software vendor to the financial services industry; Trema, a provider of treasury and asset management software for corporations and financial institutions; and Apama, a platform for complex event processing.
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