FX Concepts, an investment management and research firm, has chosen Juma Technology, a provider of IP convergence solutions, to design and deploy a multi-site converged IP telephony and data network to support its growing foreign exchange and currency management business.
The integrated IP telephony and data network designed by Juma will enable FX Concepts to benefit from enhanced mobility, lower costs and dramatically improved efficiency. The IP network will heighten the company’s ability to manage foreign exchange exposures while providing service to hundreds of institutions worldwide.
Hugh Tilney, executive vice president and COO of FX Concepts, said: Having researched a number of options for the upgrade of our communications systems, we are convinced that Juma has come up with the best solutions to meet our needs on a worldwide basis. We look forward to working with Juma on the implementation phase of the project, and to an ongoing relationship with them going forward.
David Giangano, president and CEO of Juma, said: By partnering with Juma to upgrade, integrate and enhance their communication networks, the company is making an investment in technologies that will streamline business operations and enable their investment professionals to provide superior service to clients worldwide. We certainly look forward to working with FX Concepts to bring this project to fruition.