ITRS Group Acquires OP5 to Bolster Monitoring and Log File Capabilities

The latest move looks to strengthen ITRS’ Geneos product suite and Gateway Hub by offering its financial markets clients access to OP5’s network analytics, monitoring capabilities, data resources, and log file technology. Guy Warren, CEO of ITRS, explains that although OP5 predominantly targets large enterprises, institutional clients are increasingly demanding new technologies for carrying out tasks such as log collection, data aggregation, and analytics.

“The volume of log files that investment banks generate is huge,” says ITRS’ Warren. “Terabytes a day need to be aggregated and indexed, so you can go back through the historical log files and find out what went on.”

The OP5 purchase will enable clients to leverage its monitoring infrastructure, data and log file capabilities through ITRS Geneos. Using the technology, log files can be fully aggregated onto one server, indexed, and made searchable.

Warren says the recent acquisition ties in with ITRS Group’s product strategy, wherein the vendor is seeking to broaden its technology offerings through building, buying, and partnering with appropriate firms. This move follows on from its acquisition of Sumerian in May, and partnerships with Apica and Velocimetrics in July, to offer capacity planning, synthetic monitoring, load testing and real-time business analytics.

“We have what we call a product tools landscape, which is our view of what kind of tools our clients would want, and it includes products and companies [that we would look at]”, says Warren.

Looking forward, ITRS aims to build out its capabilities, undergo multiple data integrations, and expand its reach across the financial markets and other industries. The provider is also currently exploring the use of cloud services from major cloud providers for storage and data collection purposes.