Options secures significant growth investment from Abry Partners
Options, a provider of cloud-enabled managed services to the global capital markets, has secured a significant growth investment from Abry Partners, a Boston-based sector focused private equity firm.
The transaction will enable the firm’s executive team to significantly accelerate its growth strategy, pursue strategic M&A targets, invest further in the firm’s technology platform and expand Options’ reach in key financial centres globally. No further terms of the transaction were disclosed.
Options, founded in 1993 as a hedge fund technology services provider, has expanded rapidly in recent years and now finds itself as an established market leader in outsourced financial technology and managed IT services to the global capital markets. The firm has close to 300 employees globally and offices across the US, London, Belfast, Hong Kong, Singapore, Toronto, Dublin, Geneva and Auckland.
Founded in 1989, Abry Partners is a premier media, communications, internet infrastructure, business and information services-focused private equity investment firm. This investment in Options adds to their growing portfolio of companies in the Managed Service Provider sector.
Options President and CEO, Danny Moore, says: “We are thrilled to announce Abry’s investment in Options. They are a firm with a proven track record in partnering with growth firms and propelling them to the next level. Even more crucially, they are seasoned operators in the financial services and Managed IT space and understand the exciting opportunities within reach of firms offering cloud services to the capital markets sector. We look forward to working with Abry as we continue to lead the market in the delivery of complex IT infrastructure, colocation services and specialised financial applications.”
Tomer Yosef-Or, a Partner at Abry, says: “We are excited to be able to help the Options team accelerate their efforts to become one of the leading Managed Service Providers globally. Abry believes the ever-changing IT landscape will provide multiple opportunities for Options to continue to expand its services and strengthen its strong partnerships with customers. We intend to leverage our significant capital and experience in the IT infrastructure and managed services space to help the Options team build a highly sophisticated, customer centric, global platform.”