SOURCE: Wesley Clover Solutions

June 14, 2007 14:50 ET

Wesley Clover Solutions Establishes Leadership Position in Alternative Voice Trading Technologies

Focused on Next-Generation Solutions That Benefit Emerging Market Segments

DULLES, VA--(Marketwire - June 14, 2007) - Wesley Clover Solutions (WCS) today announced the achievement of significant milestones in establishing a series of innovative solutions for the voice trading technology market.

Wesley Clover Solutions has signed contracts with a number of customers, installing systems worldwide including: Boston, Chicago, Florida, New Jersey, New York, Canada, Europe and Asia.

Wesley Clover Solutions offers financial trading enterprises an alternative to the approach of legacy-oriented suppliers. WCS is combining innovative and highly reliable technology designed for growing market segments including small-medium sized trading firms, branch offices of larger firms and disaster recovery sites.

The Tower Group has stated that there is growing demand for voice trading technology from buy-side firms such as hedge funds, emerging market locations and new financial products like derivatives. There is also a massive wave of buying underway in this segment because of a confluence of factors including manufacturer end-of-life notices, market consolidation and the transition to new (IP) technologies.

The WCS IP Solutions Portfolio gives the financial trading community a series of next-generation capabilities with several industry firsts including:

--  a range of IP appliances designed for "light-trading" environments
--  secure remote connectivity over broadband circuits including wireless
--  inherent business continuity and disaster recovery
--  inherent IP-line networking functionality
--  a single voice platform for voice trading and general IP telephony
--  secure, open architecture voice recording
"Wesley Clover Solutions is the first company focused on delivering the benefits of IP to the most underserved segments of the financial trading community," said Chris Corridon, Wesley Clover Solutions Vice President of Marketing. "We are offering small-medium size firms a practical way to migrate from legacy environments to secure, reliable and flexible IP trading technologies not available from traditional suppliers."

Wesley Clover Solutions views the potential for adoption of the IP Solutions Portfolio to be enormous. According to Frost & Sullivan Research, small-medium size trading entities comprise the vast majority of trading sites and positions worldwide. Their needs are not being optimally addressed by traditional suppliers whose products are burdened by legacy technology and are designed for large, single location trading floors.

Corridon added: "We have a product roadmap that is broadening the potential for these customers exponentially. We understand the needs of these segments and how to deliver the products and services they require on a global basis."

Peter Madsen, CEO of Wesley Clover Solutions, stated, "the firm has developed strategic partnerships with leading edge technology firms and has established a global sales and service network with market-leading partners in high-growth market segments."

About Wesley Clover Solutions

Wesley Clover Solutions was formed to meet the growing demand from financial trading firms for expertise in managing the transition from legacy to next-generation IT solutions. We help customers realize the potential of new technologies while reducing risks, complexity and costs. Wesley Clover Solutions has deep domain expertise in financial trading technology and experience installing and supporting mission critical real-time trading infrastructure. Wesley Clover Solutions also draws on resources of parent company, technology investment firm Wesley Clover, and industry-leading partners to deliver reliable, flexible and cost effective solutions to our customers.

About Wesley Clover

Wesley Clover is in the business of building businesses using a disciplined approach that leverages the experience and knowledge gained by our principal, Terry Matthews, and a veteran management team led by Simon Gibson which collectively represents many decades of experience in the networking and telecommunications equipment industry.

Wesley Clover companies have access to guidance and experience from an executive team of technology entrepreneurs, managers and investment finance specialists. This allows new entrepreneurs to focus on products and customers at an early stage of development. Our practice is to take a hands-on, active investor role working to build the business, leverage relationships and promote partnerships.

With offices in the United Kingdom, Canada, Australia, the Middle East, Russia and Hong Kong, Wesley Clover has developed a reputation as a truly world class investment group.

Contact Information

  • Wesley Clover Solutions Contact:
    Chris Corridon
    Vice President of Marketing
    Email Contact

    Media Contact:
    Tony Crane
    Email Contact