Wesley Clover Solutions Experiences Strong Revenue and Company Growth

Achieves Significant Milestones in Advancement of Next-Gen IP Voice Solutions for Mission-Critical Communications Sector

New York - March 12, 2009  —Wesley Clover Solutions a leading provider of mission-critical voice communications solutions for the global financial community today announced significant growth with year-over-year revenue of 291 percent while more than doubling the number of clients. Wesley Clover Solutions attributes the growth to a broader awareness and increasing level of acceptance in the market place for their mission-critical IP voice communications solutions as superior alternatives to those of incumbent providers.

The migration from legacy to IP technologies and services continued to be a top spending priority for the financial services sector and seems certain to continue its rapid acceleration as companies seek to reduce costs, increase productivity and ensure their businesses are well-positioned to be competitive in the future. Wesley Clover Solutions has quickly become a preferred supplier in the deployment and ongoing support of these initiatives for mission-critical voice solutions.

"With customers in more than 40 cities and 20 countries, Wesley Clover Solutions has experienced rapid growth for next-generation voice solutions for financial trading firms. We expect this to continue as we broaden our geographic reach, sign new strategic partners and deliver advanced solutions at significantly lower price points than our competitors," said Peter Madsen, President and CEO of Wesley Clover Solutions.

Other milestones that support Wesley Clover Solutions strong revenue growth include:

  • Signed an exclusive five-year agreement for the USA with Mitel as their vertical market partner for the capital markets sector
  • Launched the SIP-based Voice Trading Applications Platform (VTAP) and Speaker Solution expanding the addressable market for their IP voice communications solution
  • Achieved interoperability certification with IPC, the world's leading trading turret supplier
  • Expanded presence with the opening of a Western regional office in Chicago
  • Strong order flow from existing customers to provide solutions for their current or new office expansions
  • Continued international growth, adding customers in London, Singapore, Hong Kong, Bogota, Amman, Kuala Lumpur, Bangkok and Toronto
  • Growing recognition and demand from industry partners that Wesley Clover Solutions addresses the communications needs of previously underserved market segments
  • Increasing displacement of incumbent legacy trading platforms that are end-of-life or end-of-support

About Wesley Clover Solutions

Wesley Clover Solutions was formed to meet the growing demand from financial trading firms for expertise in managing the transition from legacy to next-generation voice trading solutions. We help customers realize the potential of new technologies while reducing risks, complexity and costs. Wesley Clover Solutions has deep domain expertise in financial trading technology and experience installing and supporting mission critical real-time trading infrastructure. Wesley Clover Solutions also draws on resources of parent company, technology investment firm Wesley Clover, and industry-leading partners to deliver reliable, flexible and cost effective solutions to our customers.

Wesley Clover Solutions Contact:
Chris Corridon
Senior Vice President, Marketing
212-561-1322
Chris_Corridon@wesleycloversolutions.com

Media Contact:
Tony Crane
703.318.4366
Tony_Crane@wesleycloversolutions.com

For more information about Wesley Clover Solutions visit; www.wesleycloversolutions.com
or e-mail info@wesleycloversolutions.com