Options, a supplier of cloud-enabled managed services for capital markets, has received an undisclosed investment from private equity firm Abry Partners.
The FinTech is planning to use its new funds to accelerate its growth strategy, pursue strategic M&A targets, grow its presence and deepen its technology capabilities.
Investment banks, hedge funds, funds of funds, trading platforms and private firms can use Options to digitise their services and access cloud-based tools. The company spans 20 countries around the world and supports more than 200 firms with their operations.
Abry partner Tomer Yosef-Or said, “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.”
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