WestCom Acquires KGM Circuit Solutions, Expanding Global Extranet Connecting Thousands of Institutions
WestCom Corp., the world's largest provider of trader voice solutions, today announced it has acquired KGM Circuit Solutions, another leading provider of trader voice services to the financial markets. KGM's customers are now members of the largest global trader voice community, connecting thousands of financial institutions in thirty countries. As members of the WestCom community, KGM's customers will now benefit from rapid access to new trading partners, with unmatched network diversity and resiliency.
New York, NY (PRWEB) November 3, 2006 -- WestCom Corp., the world's largest provider of trader voice solutions, today announced it has acquired KGM Circuit Solutions, another leading provider of trader voice services to the financial markets. KGM's customers are now members of the largest global trader voice community, connecting thousands of financial institutions in thirty countries. As members of the WestCom community, KGM's customers will now benefit from rapid access to new trading partners, with unmatched network diversity and resiliency.
"With this acquisition, we accelerate the continued growth of our community, while affording our new members nearly immediate access to tens of thousands of traders connected over our global financial extranet "said Alexander Russo, CEO of WestCom. "We welcome KGM's customers and the KGM Circuit Solutions team, who will join WestCom in providing the most responsive level of service in the industry."
"Like WestCom, KGM has grown its business by providing outstanding service to the most demanding customers in the world," said Forrest Gurl, CEO of KGM Circuit Solutions. "WestCom is clearly the leader in providing trader voice services with the largest, most secure, highest quality network in the industry, and our combination brings increasing benefits to all traders now connected to this expanding community. We're delighted to join this great team, as we continue to focus on providing the highest possible service levels to our valued, loyal customers."
WestCom will keep KGM's physical network in place, as a means to further expand its presence and to immediately establish even greater diversity and resilience. The acquisition adds additional points-of-presence in New York, Chicago, San Francisco and Houston. KGM customers now have rapid access to more traders, and a more efficient means to get to those traders over the most resilient and dynamic private voice trading network in the world.
KGM Consulting, a former affiliate of KGM Circuit Solutions, will remain an independent entity.
About WestCom
WestCom is the world's largest trader voice services provider, delivering voice and data solutions to the financial industry. WestCom operates a global private network enabling members to turn up new services in less than 24 hours. For more information, please visit www.westcom.com.
About KGM Circuit Solutions
KGM Circuit Solutions delivers end-to-end private line solutions designed to provide companies with the leverage they need to successfully compete in global markets. With over 60 years of combined experience in the trading and brokerage community, KGM Circuit Solutions works with clients to take the complexity out of private line provisioning. For more information, please visit www.kgmckts.com.
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