Options has announced the acquisition of Jake Roy Pillar (JRP), a specialist buy-side technology consultancy.
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 called Options 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.
"Today’s announcement is a hugely exciting moment in the firm’s history and we are delighted to be taking JRP forward within Options as Options Advisory," JRP CEO and founder, Charles Walters, says. “ Like JRP, Options is a firm renowned for its service orientated, client-facing approach, and it is this shared focus that will make for such a powerful partnership.”
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