Mr. Santella succeeds Neil Barua, who will leave the Company to pursue other opportunities.

Mr. Santella has built his career successfully managing global financial, investment, and trading software businesses, with demonstrated expertise in the fintech and financial services industries. He has a strong track record of leading businesses through technological transformations, including software and SaaS transitions, while growing revenue and increasing profitability.

Most recently, Mr. Santella served as President of the Global Trading Group for Fidelity National Information Systems (FIS), which he joined when it acquired SunGard Financial Systems (SunGard) in 2015. At SunGard, he was President of its Brokerage Group, where he led all trading software and services businesses. Mr. Santella joined SunGard in 2010, after its acquisition of Fox River Execution, where he served as its Chief Operating Officer. Prior to that, he held senior management positions at two alternative asset firms, SAM Investments and RAS Investments. Mr. Santella started his career at PricewaterhouseCoopers LLP, where he spent eight years in a senior leadership role within the Personal Financial Planning unit.

"IPC is a leading provider of connectivity, communication and compliance solutions," said Mr. Santella. "I am excited about IPC's prospects for strong growth, expansion of services and its strong track record in providing its customers with innovative solutions. I look forward to working with IPC colleagues in taking our solutions to the next level, built on a strong foundation under Neil's leadership."

"We look forward to supporting Bob and the entire IPC team as the Company continues to execute on its transformation, and thank Neil for his many contributions to IPC's success to date," added Jared Hendricks, Member of the Board of Directors at IPC and a Senior Managing Director with Centerbridge Partners, L.P., an investment firm which holds a majority ownership stake in IPC. "His diverse background, collaborative and engaging approach, and proven track record in developing high-performing teams make him an ideal choice to lead IPC. We are confident that his broad array of leadership experiences will be a great asset to the business and the team."

Mr. Santella graduated from Wharton School, University of Pennsylvania with a Bachelor's of Science degree in Economics, Accounting and Finance. He also holds the CPA designation and the FINRA Series 7, 24, 63 and 99 securities registrations.