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Press Release -- March 29th, 2019
Source: IPC Systems
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IPC partners with Cosmos Business Systems marking a push into the Greek, Cypriot and Balkan market

LONDON, March 28, 2019 – IPC, a leading global provider of secure, compliant networking solutions and communications for global financial market participants, has announced a partnership with one of the largest IT and telecommunications companies in Greece and Cyprus, Cosmos Business Systems, to extend IPC’s product suite into the region.

The new collaboration is set to capitalize on the upward trajectory of the Greek financial sector. S&P’s recent EMEA Financial Institutions Monitor views the economic risk trend in Greece as positive. The global ratings agency expects Greece’s GDP to grow around 2.4 percent from 2018 to 2021, and that stable economic growth coupled with improving investor confidence in Greece could translate into a more supportive environment for the banking sector.

“Having access to liquidity and trading venues is vital for financial services anywhere in the world. IPC’s technology and the connected global ecosystem it provides is unique,” said Elias Rizos, Telecom Division Director at Cosmos Business Systems. “With 20 plus years’ experience in the Greek and Cypriot markets, we’re excited to combine our local experience with IPC’s state-of-the-art communications technology to boost access to financial services in the region.”

The partnership has already proven successful in Cyprus with Cosmos Business Systems recently onboarding RCB Bank. The customer, one of the largest financial institutions in Cyprus, upgraded its IPC Alliance solution to IPC’s Unigy platform for unified communications.

“As a bank, connectivity, communication and compliance are always at the forefront of our mind and with employees becoming increasingly mobile it is vital that solutions are easy to use,” said Christos Demosthenous, Head of Payments & AML Systems – IT Manager at RCB Bank. “Cosmos Business Systems has installed and managed IPC’s Unigy technology across our offices, and we are delighted with the flexibility and accessibility is has provided us to date.”

IPC’s unified communications platform – Unigy – gives financial organisations greater control, flexibility and a fully functioning integrated communications solution. It provides an array of capabilities for monitoring, managing and maintaining a firm’s trading communication infrastructure. The broad range of market participants relying on IPC’s solutions has become an integral part of one of the world’s largest and most diverse financial ecosystems, which provides reliable, secure access interconnecting global financial centers and allowing connectivity between more than 6,400 market participant locations across 750 cities in more than 60 countries.

“Europe has always been a very dynamic financial market, by teaming up with best-of-breed partners across the region IPC technology can reach further than ever before connecting financial market participants from across the globe,” said Maria-Angelica Latorre, Global Head of Channel Management at IPC. “We’re thrilled to work with a partner that reflects our own customer-first mentality and we’re looking forward to seeing the development across the region.”

About Cosmos Business Systems

Cosmos Business Systems Group is one of the largest leading IT and Telecommunications technology groups in Greece and Cyprus. Its aim is to cover the needs of Private and Public Enterprises, as well as specific Vertical Sectors and to provide superior quality “Turn Key Solutions“.

The company’s objective is to offer integrated Turn-Key Solutions in IT Infra­structure, Telecommunications Services, Software and Consulting to the Greek In­dustrial and Commercial Markets and to Business Professionals – focusing mainly on the middle and large corporations of the Private Sector, Public Sector, Banking and Telecoms. CBS provide to its customers, superior quality technology products, services and solutions in order to maximize productivity and competitiveness.

About RCB Bank

RCB Bank Ltd – a European bank with over 20 year history. The Bank operates a universal banking model and serves thousands of local and international clients. The Bank’s network includes branches in Nicosia, Limassol, Larnaca, Pafos and Luxembourg and Representative Offices in London and Moscow.

About IPC

IPC is a technology and service leader powering the global financial markets. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With a customer-first mentality, IPC brings together one of the largest and most diverse global financial ecosystems spanning all asset classes and market participants. As the enabler of this ecosystem, IPC empowers the community to interact, transact and react to market changes and challenges, and we collaborate with our customers to help make them secure, productive, compliant and connected. Visit ipc.com and follow us on LinkedIn and Twitter (@IPC_Systems_Inc).

Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should” or “will” or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.

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