Belfast-based Options Tech purchases DXC tech firm

  • Belfast-based IT infrastructure firm, Options Technology has purchased Fixnetix, a DXC Technology Company, for an undisclosed sum.

    The transaction is expected to close during the first half of 2021.

    Fixnetix provides outsourced front-office trading services to investment banks, hedge funds, proprietary trading firms and exchanges worldwide.

    It is part of DXC’s global banking and capital markets IT solutions business.

    “We are excited to partner with Fixnetix and continue bringing to market exceptional quality of service and leading technology solutions,” said Danny Moore, Options’ President and CEO.

    “This transaction represents an opportunity to expand our service capabilities and to provide further value for our customers and the overall market.  

    RELATED: Digital DNA 2020 award winners announced

    “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.”

    US private equity investment firm Abry is supporting Options in its acquisition.

    Tomer Yosef-Or, a Partner at Abry, said: “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.”

    RELATED: HSC NI's 'Patient Identity Management' goes digital

    About the author

    An article that is attributed to Sync NI Team has either involved multiple authors, written by a contributor or the main body of content is from a press release.

    Got a news-related tip you’d like to see covered on Sync NI? Email the editorial team for our consideration.

    Sign up now for a FREE weekly newsletter showcasing the latest news, jobs and events in NI’s tech sector.

Share this story