IPC Announces Appointment of New Directors to Board

Technology, Business Leaders Join IPC's Board of Directors as Company Charts Future Path in Financial Services

Aug 26, 2015, 13:03 ET from IPC

JERSEY CITY, N.J., Aug. 26, 2015 /PRNewswire/ -- IPC Corp., a leading global provider of specialized communications solutions for the financial trading community, today announced the appointment of two accomplished technology and business leaders to its parent's Board of Directors. Mark Adams, Chief Development Officer of Equinix, and Marc Lefar, former Chief Executive Officer of Vonage, will serve as independent directors. Mr. Adams and Mr. Lefar will join Neil Barua and representatives from Centerbridge Partners on the Board of Directors.

"We welcome Mr. Adams and Mr. Lefar to our Board of Directors," said Neil Barua, IPC's Chief Executive Officer. "Mr. Adams and Mr. Lefar are respected leaders and mentors, with great vision and focus that have led their respective companies to strong and sustained business growth. It is exciting to welcome new members to the board who bring with them a fresh perspective. The benefit from their combined expertise will help us continue supporting IPC's ongoing growth and innovation."

Mr. Adams is the Chief Development Officer for the data center services company Equinix, where he is responsible for developing the company's data center and services strategy. Prior to Equinix, Mr. Adams was the Senior Vice President of Corporate Development and Strategy for Electronics for Imaging, Inc. (EFI), where he led a series of acquisitions and equity investments that launched EFI into digital inkjet printing. In addition, Mr. Adams has founded and been CEO of four companies in wireless networking, digital music, IPTV, and a venture capital fund for direct investment in Indonesia. Mr. Adams started his career as a consultant with McKinsey & Company.

Mr. Lefar was most recently the Chief Executive Officer of Vonage, a position he held from 2008 until the end of 2014.  He also serves as a member of the National Security Telecommunications Advisory Committee, appointed by President Obama in 2011. Before joining Vonage, he was the Chief Marketing Officer of Cingular Wireless, now AT&T Mobility, responsible for all aspects of marketing strategy and execution. Mr. Lefar played a major leadership role in the acquisition and successful integration of AT&T Wireless into Cingular in 2005. Mr. Lefar's career in the telecommunications industry started with GTE Wireless, where he was Vice President of Marketing and helped to merge GTE with Bell Atlantic to form Verizon. Mr. Lefar is a frequent speaker on the topics of Global Commerce and Strategic Marketing and serves on the Advisory Board of the McIntire School of Commerce at the University of Virginia.

About IPC
IPC is a global provider of mission-critical network services and trading communication technology to the financial markets community.  With complete focus on this sector and more than 40 years of expertise, IPC provides customers with integrated solutions that support traders and participants across the entire trade lifecycle, including sell-side and buy-side financial institutions, inter-dealer brokers, liquidity venues, clearing and settlement firms, independent software vendors, corporate finance departments, financial information exchange providers and market data providers. IPC's offerings include a unified communications/application platform, award-winning trading positions, managed voice and data connectivity solutions, compliance technologies, infrastructure management and a suite of enhanced service offerings. IPC's global reach extends to more than 60 countries – including a network of nearly 5,000 customer sites across 700 cities and an installed base of more than 120,000 trading positions deployed worldwide. Headquartered in Jersey City, New Jersey, IPC has more than 900 employees located throughout the Americas and the EMEA and Asia-Pacific regions. IPC's mission is to continually innovate to support collaboration across the global financial community and address our clients' needs in an ever-changing landscape. For more information, visit www.ipc.com.

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.

Media Contacts


Khurram Mirza

Ronald Mina

IPC Corp.

Finn Partners for IPC

+1 201-253-2285

+1 212-593-6485

khurram.mirza@ipc.com

ronald.mina@finnpartners.com

 

SOURCE IPC



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