US-based alternative asset manager has closed the deal in partnership with its founders and management.

ITRS is a technology provider, primarily focused on supplying the financial services sector with trading infrastructure monitoring software. For the year ended March 2011, ITRS generated more than £16m in revenues.

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Carlyle said it will support ITRS’ international expansion and is committed to broadening of the company’s specialized product offering.

The deal will facilitate ITRS’ diversification and continue to enable clients to be at the forefront of the market’s evolving demand for continuous real-time risk and performance monitoring of trading platforms, added Carlyle.

ITRS CEO Kevin Covington said they expect Carlyle’s global resources, international network and sector expertise will help propel them forward as they continue to expand and enhance their product offering for clients.

Financial terms of the transaction were not disclosed.

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