Managed service and IT infrastructure provider Options, has acquired Jake Roy Pillar, a New York-headquartered technology consultancy for the financial industry and primarily hedge funds.
The financial terms of the deal, which closed in the second quarter of 2015, have not been disclosed, but the acquisition will see the technology consultancy form an additional business unit within Options called Options Advisory.
The acquisition will allow Options to provide clients currently leveraging their portfolio of products, including leading hedge funds, global investment banks and private equity firms, with direct access to a professional consultancy team who are uniquely experienced in delivering services to firms ranging in size from USD50 million to USD100 billion. The firm currently supports over 50 asset managers and hedge funds, in addition to being industry-leading experts in Advent Geneva, Advent APX, Advent Axys, Tradar Insight, Sungard and VPM.
Options CEO and Founder, Nigel Kneafsey, says: “This acquisition is hugely complementary to both the Options and JRP teams and will be advantageous to our now combined client-base. By adding such a talented group of consultants to the Options offering, our customers will benefit from a full application management team to help select, deploy, tune and support the right portfolio solution. Equally, the JRP team will be able to leverage our wide range of cloud-based hosting services combined with a unique set of networking and infrastructure skills.
“Options Advisory will sit alongside our current portfolio of infrastructure products and strengthen our ability to provide a fully managed service that’s operated and supported by industry experts, 24×7. Options’ continuing focus is to deliver world-class managed IT services and infrastructure products to the financial technology sector, and the JRP acquisition chimes perfectly with this objective.”
JRP CEO and Founder, Charles Walters, adds: “Today’s announcement is a hugely exciting moment in the firm’s history and we are delighted to be taking JRP forward within Options as Options Advisory. Like JRP, Options is a firm renowned for its service orientated, client-facing approach, and it is this shared focus that will make for such a powerful partnership.”
