Options Technology Acquisition of Fixnetix from DXC Technology
Options Technology, a provider of IT infrastructure to global Capital Markets firms backed by Abry Partners, has announced it had closed on its acquisition of Fixnetix, a DXC Technology Company (NYSE: DXC). Financial terms of the agreement were not disclosed.
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.
“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,” said Danny Moore, Options’ President and Chief Executive Officer. “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, said, “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.”