Options snaps up Activ Financial as battle for mid-market data vendors heats up
A once crowded space, the middle market for data technology companies is becoming more valuable as vendors target scale to fend off rivals and take on bigger providers.
Infrastructure technology and managed services provider Options Technology has bought market data and enterprise data platform provider Activ Financial for an undisclosed sum, to provide global data and trading connectivity to support clients’ applications.
The deal, which was signed last Wednesday, October 13, and which Options expects to close by the end of this month, includes all 123 Activ staff, bringing Options’ total headcount to more than 450.
For some Options execs, the acquisition
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