Private equity firm Bregal Sagemount has invested nearly $100 million in Options, a software-as-a-service provider for the financial services industry. The target says the investment will help to pursue new growth opportunities, as the financial services IT sector has seen an spike in outsourcing.
Founded in 1993 as a hedge fund technology services distributor, Options offers outsourced software technology and managed information technology services. The target serves global capital markets and financial service firms from its offices in London, New York, Hong Kong, Singapore, Toronto, Dublin, Geneva, and Belfast, Ireland. Bregal Sagemount’s investment will be used to scale the business through technology and personnel.