FinTech services firm Options secures £76m US funding
FinTech services firm Options has today announced a significant growth investment by Abry Partners, a Boston-based sector-focused private equity firm.
Figures were not disclosed but Tech Nation listed the funding round at £76 million.
The transaction is hoped to enable the creation of additional strategic M&A targets, power further innovation of its technology platform and expand its reach in global financial centers.
Founded in 1993 as a hedge fund technology services provider, the firm has since pivoted into 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.
Options President and CEO, Danny Moore said: “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 specialized financial applications.”
Tomer Yosef-Or, a Partner at Abry, added: “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.”