Telefónica and IPC Systems, a communications provider for the financial trade industry, have entered a strategic partnership to deliver communications technologies to EMEA and Latin America. 

Telefónica’s Global Solutions division will distribute IPC’s open-standard VoIP technology to “key markets” to help trading firms in their adoption of next generation networks connectivity and signalling communications protocol, which supports multimedia communications such as VoIP and video conferencing.

The partnership is part of Telefónica’s strategy to offer a vertical services portfolio for the financial industry, the operator said.

[Read more: Inetnational reorganisation sees Telefónica refocus key Big Data project on transport]

To begin with, Telefónica will distribute IPC’s Unigy trading communications platform in Spain and Portugal, with the two companies also aiming to collaborate on solutions for businesses in Mexico, Argentina, Columbia and Peru, as well as other “multinational strategic customers”.

Joe Smolarski, SVP of Trading Communications Systems Sales & Support at IPC, said: “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.”

Telefónica added that clients will also benefit from the operator’s global reach in IT and communications by being offered a number of integrated solutions as part of the partnership with IPC.

Jose Gamo, CEO of Telefónica Global Solutions’ Multinational Business Unit, said: “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.

“Furthermore, the global market reach of both companies is an added value for our multinational clients and an excellent growth opportunity for IPC and Telefónica, collaborating to jointly develop business in the markets in which we operate.”

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