Belfast firm Options Technology announces its acquisition of Fixnetix
Belfast-headquartered Options Technology has announced it has closed on its acquisition of Fixnetix, a DXC Technology Company.
A leading provider of IT infrastructure to global Capital Markets firms backed by Abry Partners, Options Technology will use the acquisition as an opportunity to expand its service capabilities.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and was part of DXC’s global banking and capital markets business.
This deal supports Options’ growth strategy and combines two industry leading teams committed to optimising the service offered to their customers across the financial sector.
As a result of the acquisition, clients can avail of the extensive market data footprint covering the US, European and Asian Markets alongside ground-breaking R&D capabilities, including industry leading automation, monitoring and testing competences.
Danny Moore, Options’ President and Chief Executive Officer said: “We are excited to reach this important milestone with Fixnetix and view this acquisition as an opportunity to expand our service capabilities whilst providing further value for our customers and the overall market.
“Fixnetix and Options are highly complementary, and the deal combines Options’ comprehensive coverage in the US and Asia with Fixnetix’s European offering, allowing us to provide existing customers with the agility they need to respond to rapid changes in market dynamics.”
Tomer Yosef-Or, a Partner at Abry continued: “We are delighted to be able to support Options in this exciting transaction. We continue to be impressed by the Fixnetix’s team’s capabilities and believe the combination, supported with our capital, will provide enhanced quality and breadth of services to existing and new customers.
“The collaboration we have already seen between the two companies gives us great optimism in the ultimate potential for the organization.
“We are excited to bring this transaction to a close and move forward together with the united strategy of building a leading and differentiated global IT Managed Service Provider highly focused on the financial services vertical.”
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