Options Technology to create 150 new jobs in Belfast

based in Belfast Options The technology is expected to create 150 new, highly skilled jobs in the city over the next 18 months, nearly doubling the workforce.

The news comes when the company is taking over. announced Active finance for an undisclosed amount.

Options is led by Danny Moorewho previously ran the Belfast-based commercial technology company Wombat financial software, a company acquired by NYSE Euronext in 2008 for $ 200 million.

Originally founded in 1993 as a hedge fund technology provider, Options today provides a range of IT services to financial services companies, including trading infrastructure and telemetry analytics.

No financial details were released on the deal for Active, but industry analysts estimated it at over $ 100 million.

Options said the hiring for the new roles would begin immediately.

Active Financial is a global provider of financial market data. Mr. Moore said the merging of Activ’s data feed and software capabilities with Options’s global network and infrastructure was “probably the most impactful deal in the industry in the last decade”.

“The acquisition of Activ will mean further growth for Options, and we are pleased to add the highly skilled talent pool in Belfast and everywhere Northern Ireland as we continue to develop our engineering and technical support capabilities, ”said Moore.

Options secured more than $ 100 million in investment from a Boston-based private equity firm last year Abry Partner. This is in addition to a similar investment from a New York-based private equity firm Bregal Weisenberg Late 2017.