9 January 2018
BSO ACQUIRES APSARA NETWORKS
New year, big announcement. We’re delighted to announce that we have acquired Apsara Networks, a leading supplier of wireless connectivity to financial markets.
By integrating Apsara’s wireless microwave technology into our award-winning fiber-optic global network, we have solidified our position as a top provider of electronic trading connectivity to exchanges and market makers.
Apsara’s wireless microwave network connects some of the world’s most important liquidity venues, including its New Jersey route spanning Nasdaq, NYSE and BATS.
To help fund the deal and support future growth, we have opened up our 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.
Commenting on the deal, Michael Ourabah, founder and CEO of BSO said:
“Purchasing 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. Abry’s proven experience and additional capital has been pivotal to making this deal happen, and to providing us with the resources needed to accelerate our future expansion plans.”
Nicolas Massard, senior partner at Abry Partners added:
“BSO is an industry front runner with a renowned reputation for innovation in low-latency connectivity and managed services. We are thrilled about this investment, particularly as demand for new fintech solutions is expected to grow significantly in the coming years.”
BSO was advised on the transaction by Alexis Kalmanovitz at Zelig Associates and Matthieu Grollemund at Baker McKenzie. Abry Partners was advised by Joshua Kogan at Kirkland & Ellis, Apsara Networks was advised by Kimberly Taylor at Morgan Lewis & Bockius. Terms of the deal are undisclosed.
Interested in finding out more about the news?