ITRS Group Acquired by The Carlyle Group
Summary
Formed in 1997 by Stephen Bates and Misha Kipnis, and led by CEO Kevin Covington, ITRS focuses on supplying the financial services sector with trading infrastructure monitoring software.Its core product is Geneos, which enables real-time proactive and predictive monitoring and management, presenting financial institutions with an ultra-high speed overview of their trading environment.It also allows clients to quantify the performance and robustness of an institution’s trading infrastructure at local, regional and global levels.The company has over 600 installations worldwide and its clients include 8 of the top 10 global investment banks, and several brokers, exchanges, hedge funds and data vendors.ITRS also operates offices in New York, Hong Kong and Manila, Philippines.