NEW YORK, Sept. 18, 2013 /PRNewswire/ -- Ipreo, a leading global provider of market intelligence, investor data and workflow solutions to capital markets and corporate professionals, announced it has expanded its partnership with OpenExchange, the video conferencing platform for financial communications, to offer virtual meeting solutions to both corporate and capital markets clients.
OpenExchange offers a community-based video service to a qualified network of sell-side, buy-side, and corporate professionals. It connects investors, analysts, clients and colleagues over video in a simple, repeatable and secure manner. Combining video conferencing interoperability with its authenticated global directory, OpenExchange members form a virtual community of financial professionals that can make scheduled and instant video calls from conference rooms, desktops and mobile devices.
The two firms announced a partnership in June to integrate OpenExchange's videoconferencing capabilities into Ipreo's investor relations workflow application. Under the expanded partnership, Ipreo will now be offering OpenExchange solutions to both corporate and capital markets professionals, with seamless integration of video-related capabilities into a number of Ipreo's platforms to come in 2014.
"Ipreo's whole offering is centered around better connecting all the players in the capital markets, with information and software solutions that align with and improve their workflow," said Kevin Marcus, President and COO of Ipreo. "As videoconferencing becomes increasingly accepted and utilized, it is natural for us to make that capability available to our clients."
Additionally, as an indication of Ipreo's strong commitment to the OpenExchange partnership and the videoconferencing industry generally, Ipreo has taken a minority investment stake in OpenExchange as part of their most recent round of funding. Ipreo's head of Global Equity Capital Markets, Jennifer Sun, will also take an observer seat on OpenExchange's Board of Directors.
"We are continuously looking for ways to make the capital-raising process more efficient for our clients," said Sun. "The OpenExchange partnership allows us to introduce new technologies that will make the deal marketing process in particular more flexible, broad-reaching, and cost-effective."
"Video will be a pervasive part of the financial workplace within two years, but only if it is integrated seamlessly with meeting workflows. OpenExchange's community-based video service for financial professionals enables this to take place," said Mark Loehr, CEO of OpenExchange. "We're delighted to have Ipreo as both partner and investor in delivering these game-changing solutions to the financial community."
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. From new issuance through ongoing investor management, our unique solutions drive connectivity and efficiency throughout all stages of the capital-raising process. Ipreo is a KKR portfolio company with nearly 700 employees supporting clients in every major financial hub around the world.
For more information, please go to www.ipreo.com.