InfoReach, a leading provider of execution management service technology (EMS), is expanding internationally with the opening of its Amsterdam office. Led by Cognizant and InfoPulse trading veteran Peter Van Wely, the office will enable InfoReach to better serve its rapidly growing client base in Europe.
Van Wely was recently responsible for the capital markets business unit of Cognizant's European operations. Prior to that Van Wely was the commercial director of InfoPulse Holding and member of its board with over 150 employees. InfoPulse focused on the financial sector, mainly trading and order management solutions. It was sold in 2004 to Cognizant, a NASDAQ traded IT services company that specialized in offshore outsourcing. Van Wely's task was to integrate his unit into Cognizant and develop trading and connectivity applications for the capital markets sector. His leadership and success in this area is well known, as he built Cognizant into a multi million-euro company, "Peter brings a wealth of experience that will help InfoReach continue to move forward and grow," said Allen Zaydlin, CEO of InfoReach, in a press release. "He is well acquainted with our products as his former firm, InfoPulse, partnered with InfoReach on distributing and integrating the InfoReach FIX engine (FIX protocol engine) back in 2000. That partnership continued as InfoPulse was merged into Cognizant," Zaydlin added.