WestCom Corp. (Booth 414), a provider of point-to-point voice and data services to the financial community has purchased Radianz Voice Services (RVS). RVS, a division of Radianz, headquartered in London, is a provider of voice solutions connecting local, national and international trading rooms around the world.
The acquisition of RVS will launch WestComs expansion of its existing voice
service offering outside of the U.S. market. WestComs network already supports mission-critical and latency-sensitive applications such as trader voice services for some U.S. financial institutions. The transaction will create a new global player in voice services and the largest on-net community between the United States and Europe for fast provisioning of trader voice lines between trading firms, says the company.
RVS has an excellent reputation for service delivery with an extensive global foot print of on-net customer sites which makes it a perfect combination with WestCom, states WestCom president Michael Hirtenstein. Both WestCom and RVS will leverage a combined on-net list of over 900 sites globally to support our 24-hour turn-up service for new trader voice lines between clients.
The transaction has been structured to ensure minimum impact on customers, and the firms will work closely together to ensure a smooth transition. As June 30, WestCom acquired all RVS customer contracts as well as all RVS employees in Europe and the majority of employees in the United States. Hardware will continue to be colocated in Radianz premises for as long as three years.