Bregal Sagemount has invested almost $100m into cloud services provider Options.
The exact size of the investment has not been disclosed.
Founded in 1993, Options was originally a hedge fund technology service provider, but over ten years ago changed to become a cloud service provider for the financial sector. UK-based Options offers clients the ability to deliver a dual mandate, by helping them operate the infrastructure and helping with scalability and new technology advancements.
The platform is used by over 200 firms which include global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges, according to the company.
The investment will allow Options to search for strategic growth initiatives, further product innovations and expand the products reach in key financial centres around the world.
Options CEO Nigel Kneafsey said, ?Their investment in Options is an endorsement of the team, services, and technology we have built over the last 25 years. We believe that the rapid growth in the business in the last few years is underpinned by the accelerated wave of outsourcing in Financial Services IT globally. Sagemount is the perfect partner to support our mission to become a global power in this high growth sector.p>
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