IPC, a leading provider of mission-critical communications solutions to global enterprises announced today that they have signed a distribution agreement with Sun Ivy, a Vietnamese Telecommunication company that will allow Sun Ivy to sell, install and maintain IPC products and services in Vietnam.
IPC provides trading floor solutions and services to the world's largest financial services institutions in more than 40 countries, with more than 105,000 traders around the world relying on an IPC trading desktop every day - with more than 57,000 of those using Voice over Internet Protocol (VoIP) technology.
IPC offers Sun Ivy an integrated suite of products and enhanced services that include its VoIP-based trading desktop, which delivers features such as call logs, caller ID, updateable displays and an assortment of customizable options to traders. The use of IP on the trading floor also allows for comprehensive business continuity planning and solutions that are flexible, cost effective and easy to manage. The VoIP-enabled IQ/MAX is the first desktop to be based on primary research conducted by IPC with more than 300 actual traders. IQ/MAX debuted in March 2006 and in other cities around the world throughout the year.
"Vietnam enjoys a vibrant and stable economy which is currently reflected in the growth of the financial markets. We have seen many companies establishing a presence, and IPC is delighted to support both domestic and global financial institutions as they expand their trading presence into Vietnam," said David Dodd, Vice President of IPC Asia Pacific. "We are dedicated to providing consistently high levels of service and support throughout Asia Pacific, and are delighted to directly support the needs of Sun Ivy in this rapidly growing market."
Mr. Leo Chou, Managing Director, Sun Ivy said, "We are very pleased to announce our distribution agreement with the world's leading provider of financial trading systems. We recognize IPC's commitment to its partners and believe that this venture will be mutually beneficial. It will allow us to bring leading edge technology to the Vietnamese financial market, and we look forward to working with IPC to deliver complex dealing room solutions."
The deal with Sun Ivy is further evidence of IPC's continued commitment to Asia Pacific. In the last year alone, IPC opened 9 offices in the region and now serves more than 450 major clients in 15 cities throughout Asia, including Barclays Capital, Deutsche Bank, JPMorgan Chase and Citigroup.