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Velocimetrics licenses IP rights for TS-Associates network-monitoring tech

17 July 2014  |  1318 views  |  0 Source: Velocimetrics

Velocimetrics, the provider of real-time business performance monitoring and analysis solutions to the global financial community, today announces it has licensed the intellectual property rights of TS-Associates' TipOff and Application Tap products.

Complementing Velocimetrics' existing product line, licensing TipOff and Application Tap will enable Velocimetrics to offer a full-spectrum product suite from network-level analysis and high-volume packet capture, to complex business flow correlation and analysis. This extended product line will provide users with the tools to fully comprehend, at a highly granular level, the root-cause of latency issues from both a business and technical perspective, facilitating swift issue resolution.

This agreement allows Velocimetrics to offer on-going maintenance to TipOff and Application Tap users, and to develop and enhance these products.

Velocimetrics is also delighted to announce that it has appointed Steve Rodgers, previously CTO at TS-Associates, together with key members of his engineering and support team.

Bringing 18 years of knowledge and experience gained within the financial technology sector, including extensive expertise developing network analytics for low latency, high volume environments, Steve Rodgers will lead the engineering team to continue the development of TipOff, and to integrate the Velocimetrics and TipOff product lines.

Commenting on this appointment Steve Colwill, CEO, Velocimetrics stated:

'I have a huge amount of respect for Steve and his engineering team, and for the technologies developed at TS-Associates. We had always felt that the TipOff and Application Tap products were largely complimentary to our own business-focused solution. Having also secured the rights to develop and market these technologies alongside, and integrated with, our own product means we will be able to provide existing and new customers a single product suite offering comprehensive analysis from complex business flow to network.' 

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