Over the past few weeks, the ownership of ITRS has transitioned from The Carlyle Group (NASDAQ: CG) to TA Associates, a leading global growth private equity firm.
Since making its investment in September 2011, Carlyle has worked closely with the ITRS management team on several strategic initiatives. The company has evolved from its founder-led heritage into an organisation with an experienced leadership team operating across multiple geographies and business sectors.
Led by Guy Warren, CEO, the management team increased ITRS' market penetration from its traditional base in capital markets to other financial services markets, including hedge funds, and exchanges and trading platforms.
Warren said, “Carlyle has provided strategic guidance and support for the development of our current revenue models, which are now increasingly sustainable and recurring. They also supported our evolution from offering heritage data monitoring products to our new state-of-the-art data analytics product suite.”
ITRS, from its management team to its staff, remains the same, as does its core purpose: simplifying information into real-time actionable insight. The company welcomes TA as an investor and looks forward to leveraging the firm’s industry knowledge, experience and global resources as it continues to grow.
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