ITRS Group plc, the leading provider of predictive, real-time systems and application management products to the world's financial community, is pleased to announce a new global partnership with 29West.
Recently acquired by Informatica (NASDAQ: INFA), 29West is the market leader in high-performance, ultra low-latency messaging solutions.
The two companies will develop an interface between the ITRS Geneos framework and 29West's Ultra Messaging system. ITRS Geneos provides a powerful set of analytical, consolidation and correlation functions across all managed metrics, while 29West's Ultra Messaging allows trading and market data applications to communicate with each other with ultra-low latency.
The partnership brings two market leaders together and will provide extensive capabilities to their large mutual client base. The interface will equip 29West and ITRS customers with real-time, high-performance management of their 29West Ultra Messaging middleware infrastructure and was created in response to increased customer demand. The benefits will include operations and capacity forecasting and planning capabilities, resource consumption and cost allocation. It will also give traders clear visibility of [real-time] systems vital to their work.
Misha Kipnis, ITRS CTO, said: "We are delighted to be working closely with 29West. The partnership was driven by demand from 29West clients for a comprehensive, professional management and monitoring system. The new interface will greatly increase efficiency and allow 29West clients to manage not only their Ultra Messaging middleware infrastructure, but also, through ITRS Geneos, their trading applications, FIX engines, market data platforms and IT infrastructures."
29West global head of sales, Annalisa Sarasini, commented: "29West is the market leader in messaging, and the new 'plug and play' interface will give our clients access to ITRS's innovative monitoring and management solutions. Our clients asked for GUI/dashboard functionality and ITRS Geneos stood out as the best option for our customers for a number of reasons: the company's expertise in financial markets; its particular suitability for high frequency trading environments in the capital markets and its small footprint."
The new interface will be jointly marketed by ITRS and 29West; it is anticipated that the majority of the clients of both firms will opt for the interface because of its broad benefits.