SINGAPORE, January 04, 2012 /24-7PressRelease/
-- Infinet Financial Systems (Group Holdings) Pte. Ltd. and Teletronics Dealing Systems Pvt. Ltd. are pleased to announce a merger, which will take effect on the 4th of January 2012 whereby Teletronics will be absorbed into the enlarged Infinet Group and continue trading as Infinet Financial Systems (Teletronics) Pvt. Ltd.
This merger represents a joining of two of a new breed of Turret vendor, with the objective of pooling expertise and resource, to produce a more powerful, yet more adaptable core range of solutions for the Trading room.
Teletronics is a Mumbai-based provider of Turrets and Voice Recorders for the Indian market, with its own "Turbo", "Super Turbo" and "ip Genesis" range of solutions. Teletronics is focused on the unique needs of the Indian user, demanding a more flexible and cost-effective solution, but with the same functional capabilities as Turrets provided elsewhere. This focus has resulted in a growing market-share in India and increasing demand for the solution in new geographical areas.
Infinet is a Singapore-based Turret solution provider, managed by a group of individuals with deep expertise in Trading Room voice and with a patent pending technology, aimed at providing a new type of voice service to the Trading room.
"I see the skills gained in India by Teletronics to be absolutely key in our initial expansion across the region," said Stephen Phillips, CEO Infinet Financial Systems. "The technology and solutions that we will be implementing in the Asia Pacific region as a springboard to wider availability have really been 'fast-tracked' with the addition of Teletronics and of course, by leveraging Teletronics well deserved reputation, we are also able to add India as a sphere of Infinet influence."
Added Douglas Fernandes, Managing Director of IFS (Teletronics) India: "I believe that the opportunities are going to be expanded exponentially by the coming together of our organizations, Teletronics will gain enhanced management, market expertise and technology from Infinet and when they are added to the position that we have gained in the Indian market, I will expect to see increased growth and a whole new range of solutions being rolled out."
About Teletronics Dealing Systems Pvt. Ltd. (Teletronics)
Teletronics is the only Turret Company formed and currently serving the Trading Room voice market in India. Begun over 30 tears ago in Bombay, Teletronics has provided solutions for all types of Indian Financial Institution including Stock Exchanges, Banks and Brokerage firms. A center of innovation in the Trading Room, Teletronics now delivers voice logging, recording, and applications, in addition to the regions first fully IP based 'end-to-end' solution. With over 150 customer installations in India, the number of positions has expanded over a wider base and over 1500 Traders sit down every day in front of one of its range of current Turrets. For more information please email firstname.lastname@example.org
About Infinet Financial Systems (IFS)
IFS are a new breed of Turret provider focused on the provision of solutions using IP technology. Aimed exclusively at the Trading Desk, Infinet uses the flexibility and adaptability of IP as the start point for its range of voice and voice applications for the Trader. Targeted at the whole range of buy and sell-side institutions, IFS is aiming to change the way that Traders use, manage and gain benefit from voice at their Trading position. Headquartered in Singapore, IFS, in managed by a team of individuals with a wide range of experience in the Turret sector, having held senior positions at all the major existing market vendors. For more information please email email@example.com