This alliance with IPC is part of the Telefonica strategy to offer a vertical services portfolio that covers the specific needs of financial institutions. Telefonica widens its portfolio by offering the state of the art trading solutions of IPC which are based on open standards and IP technology, ready for the current requirements for SIP integration and Next Generation Networks connectivity.

IPC reinforces the collaboration with Telefonica, strengthening the position in key countries by leveraging on the assets of Telefonica. The first phase of the agreement includes offering voice trading solutions to the market in Spain, Portugal; where Telefonica would be the exclusive distributor of the new Unigy Solution; to collaborate to develop business in several countries of Latin America (Mexico, Argentina, Colombia, Peru) and to jointly propose global trading solutions to several multinational strategic customers.

Clients will benefit from voice trading solutions based on the IPC technology, which is used by top financial institutions around the world. These solutions are designed to meet global regulatory challenges and help trading firms to transform their workflow. They will also be able to take advantage of the position of Telefonica as a global IT and communications provider and will be able to have global integrated solutions that cover all their communications needs.

"IPC's primary goal is to provide sophisticated trading communications solutions and expertise that grants clients a competitive advantage in every stage of the trade lifecycle. Products such as our Unigy platform enable us to do so by making the entire trading ecosystem more productive, secure and efficient," said Joe Smolarski Senior Vice President, Trading Communications Systems Sales & Support, IPC. "We look forward to working with Telefonica to allow customers to benefit from the combination of IPC's trading industry expertise and Telefonica's communications soluti and Telefonica's communications solutions leadership."

"This agreement allows us to provide world-class solutions that cover the trading needs of financial institutions and enable them to stay ahead of global markets requirements. By addressing these customers IT and communications needs, we help them to focus on their business and strengthen their competitive position," said Juan Carlos Lopez Vives, President of Telefonica Global Solutions. "Furthermore, the global market reach of both companies is an added value for our Multinational clients and an excellent growth opportunity for IPC and Telefonica, collaborating to jointly develop business in the markets in which we operate."