Ipreo to Open New Office in Raleigh, NC Significant operation planned for "Research Triangle" location to support business expansion
NEW YORK, April 11, 2013 /PRNewswire/ -- Ipreo, a leading global provider of market intelligence and workflow solutions to capital markets and corporate professionals, announced plans to open a significant new operation located in Raleigh, North Carolina.
"Ipreo is a high performing, fast growing company, with a commitment to hiring high-caliber talent to support our expanding business lines. To that end, we have been actively seeking to expand our operations into a new office location that will allow us to continue to grow our business with the necessary talent," said Kevin Marcus, President and COO of Ipreo. "After considering many different cities throughout the country, we have selected Raleigh, NC as the location that meets our core criteria of a strong university system and business-friendly environment conducive to recruitment and continued growth."
"The North Carolina Research Triangle combines one of the deepest pools of technology talent in the US with a highly respected university system from which we can recruit the caliber of individual we at Ipreo demand and our clients expect," said Scott Ganeles, CEO of Ipreo. "This, along with support from the North Carolina Department of Commerce and the initial warm reception we have received from the local universities, have led us to our decision to make a major commitment to the region. We're looking forward to playing an active and productive role in the Raleigh community."
Ipreo plans to have a presence in Raleigh almost immediately, in order to begin recruitment efforts. Ipreo's permanent office will be open sometime during the summer of 2013, and the firm expects – through a combination of initial relocation and ongoing recruitment – to have approximately 150 people on the ground by the end of year one, with an estimated employee base of 250 over the next few years. There will be representation from each of Ipreo's three primary business verticals – Capital Markets, Research Sales & Trading, and Corporate Investor Relations – including key functions such as technology, product, client support and services.
Executive leadership will be represented by O'Hara Macken, who in addition to his current responsibilities as EVP and MD of Global Product Applications will be relocating to North Carolina to head up the Raleigh operation.
"I am very excited by the opportunities Raleigh affords Ipreo and what the region will allow us to accomplish as a company," said Macken. "We will build a globally competitive front-office operation that will result in meaningful long-term value for both our employees and our clients."
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 more than 650 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.