Options Technology to purchase Fixnetix from DXC Technology
Options Technology, a provider of IT infrastructure to global capital markets firms backed by Abry Partners, is ti acquire Fixnetix, a DXC Technology Company.
Financial terms of the transactions, which is expected to close during the first half of this calendar year, have not been disclosed.
Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide and is part of DXC’s global banking and capital markets business, which delivers strategic, mission-critical IT solutions for its customers.
“We are excited to partner with Fixnetix and continue bringing to market exceptional quality of service and leading technology solutions,” says Danny Moore, Options’ President and Chief Executive Officer. “This transaction represents an opportunity to expand our service capabilities and to provide further value for our customers and the overall market. With the added managed services capabilities of Fixnetix, we are poised to accelerate innovation in trading technology infrastructure, giving existing Fixnetix and Options customers the agility they need to respond to rapid changes in market dynamics.”
Tomer Yosef-Or, a Partner at Abry, says: “We are delighted to be able to support Options in this exciting transaction. We have been impressed by Fixnetix’s capabilities and believe the combination, supported with our capital, will provide enhanced quality and breadth of services to existing and new customers. Furthermore, we view this transaction as a continuation of Options’ strategy to build a leading and differentiated global IT Managed Service Provider highly focused on the financial services vertical.”