Options Technology, backed by Abry Partners, has agreed to acquire ACTIV Financial. The financial terms of the agreement were not disclosed.

As a long-term provider of global capital markets services including cloud-enabled managed solutions, global trading infrastructure and telemetry analytics services, this deal reinforces Options’ commitment to continually add value and optimize their offering to capital markets firms.

ACTIV Financial is a renowned global provider of real-time, delayed, historical and enriched multi-asset financial market data and offer a wide range of industry-leading solutions in a true Enterprise data platform.

The combination of Options’ core services will allow clients to bring their mission-critical applications closer to the data source, in essence bringing the query to the data, not the data to the query. In addition, this acquisition further supports Options’ growth strategy, allowing clients to benefit from an extensive market data footprint and global trading connectivity built on and supported by best of breed technologies, industry-leading automation and world-class cyber security and monitoring.

Danny Moore, Options’ President and Chief Executive Officer, commented:

“We believe that merging the ACTIV data feed and software capabilities on top of the Options global network and infrastructure is probably the most impactful deal in the sector in the last decade. The industry has been crying out for a true next-generation platform focused on the coming decades, near zero latency, global, on modern hardware, fully Cloud Integrated, and fully backward compatible. Merging our platforms will bring all that and more.”

Tomer Yosef-Or, a Partner at Abry, said,

“We are very excited to support Options in the acquisition of ACTIV Financial. We are highly impressed by ACTIV Financial’s global presence within market data services which has allowed them to develop successful relationships with some of the world’s leading financial institutions.

Steve McNeany, Chief Executive Officer and Co-founder at ACTIV Financial, said,

“The acquisition of ACTIV Financial by Options is an extremely exciting time in our history, and we are confident this deal will deliver a highly differentiated and competitive offering to both our current clients and the market as a whole. We believe this is the start of a new era in the market data industry providing unparalleled, fully managed market data services globally with our clients set to benefit from a wide range of strategic synergies.”