On the product website, this support has been mentioned. However, I'm not sure about what type of support is provided in the current release of IPP. Is it based on BLAS and/or Lapack libraries? What types of optimizations are supported with this algebra support?
Please take a look on IPP manual for small matrix operations for more details on this. IPP is not based on LAPACK or any other libraries. Instead of that we provide optimized kernels (primitives) which might be used tospeedup LAPACK or BLAS libraries in case of small matrixes (3x3, 5x5,... 11x11).
If you work with big matrixes we would recommend you to use Intel MKL library (which use IPP kernels inside to process small matrixes).