About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ITRS Continues Infrastructure Monitoring Expansion with OP5 Purchase

Subscribe to our newsletter

ITRS Group’s acquisition of OP5, a Swedish provider of IT monitoring and log analysis technology, continues its move to shore up its trading infrastructure offering coming on the heels of a recent partnership deal with Velocimetrics and its May purchase of capacity analysis specialist Sumerian.

OP5 specialises in helping firms to control and monitor their IT configurations using technology built on open-source software from Nagios/Naemon and ElasticSearch, Logstash & Kibana (ELK). The company, which has more than 600 clients across data centre operators, telcos, automotive companies and financial services, helps provides greater scalability, APIs for controlling the software and its configuration, and enhanced visualisation of the data.

According to ITRS, the purchase of OP5 “follows ITRS’ strategy to build, buy and partner to deliver smart, automated and predictive end-to-end monitoring solutions for increasingly complex IT estates across industries. This development follows the successful acquisition of Sumerian, and partnerships with Apica and Velocimetrics to offer capacity planning, synthetic monitoring, load testing and real-time business insight.”

Guy Warren, CEO at ITRS, says: “ITRS and OP5 will continue to independently focus on their respective core markets while adding value to customers in areas such as capacity planning, network monitoring, log analysis and big data storage and analytics. This allows us to leverage our investment in R&D across a larger market and customer base.”

OP5 will remain and operate as a separate brand and entity, fully owned by ITRS Group, with Jonas Vestin remaining as CEO of OP5 and joining the senior leadership team of ITRS Group.

ITRS appears to be bolstering its capabilities to address the growing appetite for infrastructure monitoring among financial markets institutions, many of which see benefits beyond operational efficiency. ITRS’s partnership with Velocimetrics to give users of its ITRS Geneos real-time monitoring solution the ability to independently trace and analyse the real-time performance of every trade as it is processed and improve operational resilience, offering business intelligence around client and counterparty behaviour.

Last month, long-established latency measurement specialist Corvil launched its Intelligence Hub, which extracts data from Corvil analytics appliances at every stage in the trading lifecycle to give firms insight into client order behaviour, enhanced transparency into trade performance, and improved compliance through risk management.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Market data in the cloud

Over the past several years, the topic of market data in the cloud has been hotly debated – latency has been an issue, which data to put in the cloud has been discussed, and lines have been drawn. But where are we now, and how have the lines been redrawn? This webinar will consider progress...

BLOG

Push Technology Rebrands as DiffusionData and Sets Out Market Alignment Strategy

DiffusionData, formerly known as Push Technology, a pioneer in real-time data streaming and messaging solutions, today announced the final details of the company’s business realignment strategy and launched its new name and brand. The company’s stated mission under the new branding of DiffusionData is to manage and reduce the costs of data consumption, transformation and...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...