Telstra invests in enepath and becomes new global partner
Telstra today announced its Ventures team has invested in enepath, a global specialist in the development and application of trader voice technology for the financial services sector, particularly traders in both buy and sell side institutions.
Headquartered in Singapore, enepath uses its Adaptive Media Platform (AMP), with fully distributed architecture, to deliver critical trader voice solutions and applications to trading rooms around the world.
Matthew Lempriere, Telstra’s Global Head of Financial Services Market Segment, said Telstra would become enepath’s new global partner and through its equity investment, will help enepath accelerate product development, expand its capabilities into new geographies and capitalise on emerging market opportunities, outside the financial services industry.
“enepath’s fully virtualised voice trading platform is an industry leading solution that delivers all the scalability, reliability and security that one would expect of a fully distributed system, but with a much smaller footprint, faster installation and lower maintenance costs.
“Through our new global partnership, utilising enepath’s IP trading platform – in conjunction with Telstra’s world-class integrated network, cloud data centres and suite of financial solutions – we will help our customers mitigate risk and quickly address compliance concerns, while focusing on what’s most important to them – driving revenue and sustainable business growth,” he said.
Stephen Phillips, Chief Executive Officer, enepath, said Telstra’s investment was a critical milestone in the company’s growth and a pivotal partnership for its future success.
“In today’s highly competitive capital marketplace financial services organisations face many challenges, including the need to comply with increasing regulatory requirements, together with greater volatility and increased pressure on margins.
“As a result, demand for our IP technology among global traders is increasing and this investment will help us scale quickly while accelerating some exciting product developments, including new desktop solutions and applications.
“We’re thrilled to be joined by Telstra on this journey and look forward to uniting our resources with the goal of executing a shared strategy for IP trader voice technology on a global scale,” Mr Phillips said.
According to Mr Lempriere, Telstra is expanding its financial services portfolio at pace and will continue to build upon its domestic and global capabilities over the coming months.
“We see great synergy between Telstra and enepath and look forward to working in partnership with them to deliver leading trader voice solutions that meet the evolving needs of our customers in Australia and around the world,” Mr Lempriere said.