CyberTech International, a provider of compliance recording solutions and IPC Systems, a supplier of trading communications, are signing an agreement to jointly market, distribute and produce next generation voice recording solutions. Thanks to the deal, CyberTech can add IPC’s Voice over Internet Protocol (VoIP) turret technology to its recording devices and plan for growth as new regulations demand more and more record keeping in financial services.

The cooperation agreement between CyberTech and IPC Systems provides a single point of contact for management, administration and customer support for global financial institutions, as well as spurring new product development.

CyberTech offers voice recording and monitoring applications that investment houses and other financial institutions can use to try and drive efficiencies in the capture, storage, retrieval and playback of voice, radio and data communications to support existing business processes. Working with IPC Systems will mean both companies can provide better customer support through the integration of trader voice communications platforms and recording solutions.

“We chose to partner with CyberTech knowing that together we can provide benefit to our mutual customers,” says Tim Whelan, CEO of IPC, when talking about the partnership. “We’ve listened to our customers and are pleased to add their offerings to our existing portfolio of integrated solutions.”

According to Ad Ketelaars, CEO of CyberTech, the combined solutions and resources of IPC and CyberTech will provide the high-quality solutions demanded by multinational financial market customers. “Working together, we intend to build on the success that each has had individually as we plan to develop, build and deliver the next generation of voice recording and compliance solutions for the financial industry,” he explains.

New regulations for compliance and reporting continue to underscore the need for a streamlined voice recording solution. IPC introduced VoIP to the trading floor and to date has deployed over 70,000 IP trading communications desktops supporting over 2,400 trading floors and exchanges across the globe. This strategic partnership benefits customers with tight integration of CyberTech voice recording and IPC trading communications platforms, providing streamlining of administration and support functions such as installation, warranty, maintenance and system design.

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