2007 Archives

IPC announces agreement to acquire Westcom Corp.

New York, New York - IPC, a leading provider of mission critical communications solutions to global enterprises, announced today that it has entered into a definitive agreement to purchase WestCom Corporation from One Equity Partners LLC, the private equity arm of JP Morgan Chase & Co., Inc. WestCom, headquartered in New York, is a private, global telecommunications company that provides managed voice and data solutions and services to the financial trading community.

Upon completion of the transaction, IPC plans to merge WestCom’s operations with its IPC Network Services business to provide greater network and support coverage to its global customer base. The deal is expected to close within 90 days subject to regulatory approvals and customary closing conditions.