BT, a provider of network, cloud, and security services, has inked an agreement to acquire IP Trade SA, helping expand the scope and focus of its Cloud of Clouds solution, according to a recent BT statement.

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IP Trade SA utilizes a wide suite of solutions, providing unified communications and collaboration functionality for trading floor environments and command-and-control dispatch centers. The acquisition is central to BT’s portfolio strategy and its investment in voice trading and turret solutions.

In particular, BT’s customer base will look to benefit from optimized cost of ownership, as well as the deployment of flexible cloud-based options. Moreover, following the acquisition, BT will look to better grapple with a series of regulatory compliance obligations, with the goal of helping foster an ongoing collaboration between its customers, colleagues and trading partners.

The acquisition of IP Trade SA will also look to streamline BT client base’s ability to trade and control via multiple devices, including dedicated desktop devices (turrets), software clients, and traditional office phones. The acquisition itself is still subject to obligatory regulatory conditions and is expected to be completed in Q1 2017.

According to Luis Alvarez, CEO Global Services BT, in a recent statement on the acquisition: “Our customers will appreciate the way we will bring together BT’s Cloud of Clouds portfolio strategy, products and expertise, managed services capability and global reach with IP Trade’s open software platform and range of devices and applications.”

“We are fully committed to maintaining and supporting our existing customers through delivery of BT’s own and IP Trade solutions against our product roadmap. This is all about giving customers the best possible choices and flexibility on a global scale,” he added.

“We look forward to combining our technology and agility with BT’s global reach, sector expertise and cloud capabilities. Thanks to this combination, customers in the global finance and command-and-control markets will benefit from optimised global solutions that meet their needs today and into the future,” reiterated Jean-Francois Geys, CEO, IP Trade, in an accompanying statement.