Options, the leading managed service and IT infrastructure provider to the global capital markets industry, has today announced the acquisition of Jake Roy Pillar LLC. Jake Roy Pillar, headquartered in New York, is a technology consultancy for the financial industry and primarily hedge funds. The financial terms of the deal, which closed in the second quarter of 2015, have not been disclosed but the acquisition will see the technology consultancy form an additional business unit within Options calledOptions Advisory.

The acquisition will allow Options to provide clients currently leveraging their portfolio of products, including leading hedge funds, global investment banks and private equity firms, with direct access to a professional consultancy team who are uniquely experienced in delivering services to firms ranging in size from $50 million to $100 billion. The firm currently supports over 50 asset managers and hedge funds, in addition to being industry-leading experts in Advent Geneva, Advent APX, Advent Axys, Tradar Insight and Sungard VPM.
 

Options CEO and Founder, Nigel Kneafsey, commented, “This acquisition is hugely complementary to both the Options and JRP teams and will be advantageous to our now combined client-base. By adding such a talented group of consultants to the Options offering, our customers will benefit from a full application management team to help select, deploy, tune and support the right portfolio solution. Equally, the JRP team will be able to leverage our wide range of cloud-based hosting services combined with a unique set of networking and infrastructure skills."