BT announces completion of IP Trade takeover

BT has announced it has completed the acquisition of IP Trade, the Belgian provider of unified communications and collaboration solutions for trading floor environments and command-and-control dispatch centres.

The deal was secured following the approval of UK’s Competition & Markets Authority (CMA).

As announced on February 1sr, the acquisition of IP Trade will improve BT customers’ ability to unify trading and control room communications.

Teams will now be able to collaborate across global communities more effectively, using a blend of speech, video and messaging with the broadest range of fixed and mobile devices and applications.

Technology and operations groups will also be able to integrate their enterprise systems with their specialist trading floor and control room IT and combine cloud with on-premise solutions in the way that suits them best.

As a result, firms will be better able to meet demanding regulatory compliance obligations.

Luis Alvarez, CEO Global Services BT, previously said: “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.”