MSP Private Equity Funding: Abry Partners Invests In Options Technology
Summary
Options will leverage the investment to “significantly accelerate its growth strategy, pursue strategic M&A targets, invest further in the firm’s technology platform and expand Options’ reach in key financial centers globally.” Options, founded in 1993 as a hedge fund technology services provider, now has close to 300 employees globally and offices across the United States, London, Belfast, Hong Kong, Singapore, Toronto, Dublin, Geneva and Auckland, the company said. The private equity firm’s key holdings include NexusTek and a minority stake in Rackspace. We look forward to working with Abry as we continue to lead the market in the delivery of complex IT infrastructure, colocation services and specialized financial applications.” “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.” Dozens of private equity firms have been acquiring MSPs.
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