DUBLIN, IRELAND, January 9, 2018 - Global connectivity provider BSO has closed on a minority investment from Abry Partners and the acquisition of Apsara Networks, a leading supplier of wireless connectivity to financial markets.
Apsara’s wireless microwave network connects some of the world’s most important liquidity venues, including its New Jersey routes spanning Nasdaq, NYSE and BATS, and this acquisition solidifies BSO’s position as the leading provider of electronic trading connectivity.
To help fund the transaction and support future growth, BSO has opened its capital to Boston-based private equity fund Abry Partners. Abry has taken a minority investment in BSO to provide capital for the Apsara acquisition, and to facilitate further investment to enhance customer service and support systems.
“The acquisition of Apsara Networks enables us to offer unrivalled low-latency access, network resiliency and enhanced managed services to clients across established and emerging markets. Being able to deliver the next generation of trading infrastructure through this acquisition truly cements our market-leading position”, says Michael Ourabah, Founder and CEO of BSO. “Alexis worked closely with me and my management team on our growth strategy, and they have been instrumental in structuring, negotiating, and closing the acquisitions of Apsara and the investment from Abry. His involvement was invaluable in creating a great outcome for all parties and I am looking forward to working with him on future transactions.”
The acquisition of Apsara complements BSO’s connectivity offering and solidifies their position as aleading provider of electronic trading connectivity in the US and globally. Boston-based private equity firm Abry Partners provided the funding for the acquisition of Apsara.
About BSO
BSO is the Ethernet network, cloud and hosting provider of choice for global businesses wanting superior technology infrastructure and connectivity to the world’s most dynamic marketplaces. Headquartered in Dublin, BSO’s global network reaches every continent and spans 20 countries with 91 data centre locations.
https://www.bsonetwork.com/
