Cazenove Replaces Voice Trading Infrastructure; The Independent Investment Bank Deploys IPC's VoIP-Native Trading Systems.

Business Editors

LONDON--(BUSINESS WIRE)--March 17, 2003

IPC Information Systems, Inc. (IPC), the specialist the global financial community depends on for world class trading floor solutions, today announced that Cazenove Group has decided to upgrade its London trading operations using IPC's state-of-the-art Voice over Internet Protocol (VoIP)-native trading systems.

The installation, which will be completed later this year, replaces Cazenove's existing voice trading systems with IPC's IQMX(TM) trading desktops, ICMX(TM) Intercom modules and an Alliance MX(TM) back office switch. All of the new devices employ IP to deliver voice, video and data through a single path to the trader's desktop.

IPC is the first company in the financial technology space to build VoIP technology into voice trading systems. The installation provides a high degree of flexibility because it allows traders to use any dealerboard or intercom anywhere on the trading floor at the 180-year-old British financial institution.

"We are very pleased to be a part of Cazenove's decision to refresh its trading operations using VoIP. Among other things, the deployment reflects an important trend in the adoption of VoIP technology in the trading room as more and more firms seek to harness its powerful capabilities," said Colin Knight, president of IPC's Europe, Middle East, and Africa division. "It is also evidence that IPC's reputation for leading edge technology and superior service is continuing to attract customers at Europe's most prestigious institutions."

Notes to Editors:

IPC Information Systems, Inc., a wholly owned subsidiary of IPC Acquisition Corp. (Bloomberg: IPCACQ), is a leading world specialist in the delivery of integrated multimedia communications solutions for financial trading floors. For 30 years, IPC's trading systems have been a mainstay on the desktops of 100,000+ traders worldwide. IPC's extensive portfolio includes the newly released Enterprise feature for its IP-native solutions, the IQMX(TM) trading desktop and the ICMX(TM) a Intercom Module. The Enterprise capability enables practical business continuity planning (BCP) by supporting trading and middle office operations that are geographically removed from the back office and economies of scale by integrating voice trading communications onto the firm's enterprise IP local area/wide area network (LAN/WAN).

Notes to Editors:

Cazenove Group plc is a leading independent investment bank. A relationship based advisory firm with strong distribution, it combines high quality impartial advice with knowledge and understanding of financial markets. The firm has two principal business divisions, Investment Banking, which includes Corporate Finance, Capital Markets and Equities, and Fund Management for institutional, charity and private clients.

Statements made in this news release that state IPC's or its management's intentions, beliefs, expectations, or predictions for the future constitute " forward looking statements" as defined by federal securities laws, which involve significant risks and uncertainties. Many risks and uncertainties are inherent in the telecommunications equipment industry. Others are more specific to our operations. The occurrence of the events described and the achievement of the expected results depend on many factors, some or all of which are not predictable or within our control. Actual results may differ materially from results discussed in these forward-looking statements. Among the factors that could cause actual results, performance or achievement to differ materially from those described or implied in the forward-looking statements, are risks associated with substantial indebtedness, leverage and debt service, risks relating to the performance of our business and future operating results, risks of competition in our existing and future markets, loss or retirement of key executives, risks related to the notes and to high yield securities generally, general business and economic conditions, market acceptance issues, including potential technology changes and the risks inherent in new product and service introductions and the entry into new geographic markets, as well as those risk factors described in our filings with the SEC.

(C)2003 IPC Acquisition Corp. All Rights Reserved. IPC, IQMX, TraderVision, and ICMX are trademarks of IPC. All other trademarks are the property of their respective owners.