Options, a provider of cloud-enabled managed services to the global capital markets, received a nearly $100m growth investment.
Bregal Sagemount, a New York-based private equity firm focused on growth-oriented investments, made the commitment.
The transaction will enable the company’s executive team to pursue strategic growth initiatives, invest further in platform innovations, and expand its reach in key financial centers globally.
Founded in 1993 as a hedge fund technology services provider and led by CEO Nigel Kneafsey, Options is an established market leader in outsourced financial technology and managed IT services to global capital markets and financial services firms. The company today provides cloud services to over 200 financial sector clients including global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges.
From 2014 to 2016, In the US alone, Options has more than doubled revenues. In the same period, it has grown its staff from 110 to close to 200 and established a presence in London, New York, Belfast, Hong Kong, Singapore, Toronto, Dublin, Geneva, and the Caribbean.