Options receives Vitruvian Partners investment after four years with Abry

The financial services-focused MSP has found a new backer in London-based Vitruvian

Service provider Options Technology has received a “significant” investment from PE firm Vitruvian Partners, the two companies reported today.

This investment marks the next phase of Options’ growth, with Vitruvian Partners bringing capital and strategic support to drive the company’s continued global expansion and innovation.

According to Options, the fresh capital will go towards speeding up growth across key areas for the financial industry specialist, including networking, cloud, security, AI and market data services.

“We’re thankful for the significant support from Abry Partners, which has driven our remarkable growth in recent years,” said Danny Moore, president and CEO of Options Technology.

“Now, with Vitruvian Partners, we’re excited to take the next step in our journey. Their expertise and shared vision will help us build on this foundation and continue delivering exceptional technology solutions for our clients worldwide.”

Financial details of the deal were not disclosed.

This investment follows several acquisitions, which Top VARs ranked Options completed under the ownership of Abry Partners, including Fixnetix and Activ Financial.

In its most recent financial year, the business grew UK revenues by 21 per cent to £54.7m, to find itself at No. 82 in the ranking.

Calendar 2022 revenues saw another uptick thanks to a combination of upsell to existing customers and the residual impact of acquiring Fixnetix in April of that year.

Jefferies International and Arma Partners advised Options on the transaction, while Abry were advised by Paul Hastings Europe.

Boston-HQ Abry Partners first invested in the service provider business in 2020.