2nd February 12, London: Gartner’s latest report on “APM (Application Performance Monitoring) Innovators: Driving APM Technology and Delivery Evolution” gave a special mention to ITRS Group plc for its focus and expertise in developing technology uniquely appropriate to APM for financial institutions and their trading and risk management applications.

Gartner issues a Magic Quadrant for APM every year; this year’s included a supplement entitled, ‘APM Innovators: Driving APM Technology and Delivery Evolution’.  The supplement listed companies whose product in the APM market was highly noteworthy for a particular aspect. 

Gartner pointed out that in the world of APM one size does not necessarily fit all and many key business applications require highly specialised monitoring. ITRS originated from the world of banking and trading, developing its Geneos platform from the ground up, specifically to meet the needs of the financial services industry.

ITRS is the leading global provider of predictive, real-time application performance monitoring technology to the world’s financial markets; the report, authored by Gartner’s Research Vice President Will Cappelli and Research Director Jonah Kowall, highlights the ITRS Geneos focus on financial markets, which sets it apart from industry-neutral vendors.

Kevin Covington, CEO of ITRS Group, said, “It is an enormous boost for our team to have gained recognition in this way from Gartner and validates our current development path.  We shall continue to expand the functionality of Geneos to meet the ongoing requirements of our industry and the mushrooming need for APM solutions.”

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Editorial contact

John Norris

Moonlight Media Ltd.

Tel: +44 (0) 20 7250 4770

Email: john@moonlightmedia.co.uk  

Notes to Editors:

About ITRS

ITRS Group is the leading provider of risk mitigation solutions to global financial institutions. It leads the way in a new discipline which extends real-time monitoring into a comprehensive operational and service management solution. Providing innovative businesses with the visibility necessary to identify, analyse and mitigate risk, ITRS Group has been recognised through industry awards for its innovation and customer support. ITRS’s products are specifically designed to reduce service disruption, improve IT efficiency, and ensure that critical operational processes are executed as planned, protecting against both business reputation and trading risks.

ITRS delivers proactive, predictive real-time monitoring and management with specialist interfaces for over 100 key third-party trading and risk applications, including core financial market trading applications, services and execution venues – a prerequisite for effective system control. A unified view and full visibility of complex environments is provided through the Geneos dashboard, giving a complete end-to-end view of all systems. Disparate data is aggregated, creating a single source of actionable business intelligence, giving the ability to predict and act to prevent problems, enhancing risk management and minimising latency, all at ultra-high speeds.

Established in 1997, ITRS has offices in London, New York, Hong Kong and Manila, supporting clients worldwide including banks, brokers, exchanges, hedge funds and data vendors. ITRS has over 600 Geneos installations, implemented in 60 leading financial institutions, including eight of the top ten global investment banks. ITRS was acquired by The Carlyle Group on 26th September 2011.

For more information visit www.itrsgroup.com and www.carlyle.com or email information@itrsgroup.com

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