Options Technology (Options), the leading provider of institutional-grade infrastructure, normalized market data, and managed services for global financial markets, today announced it has entered into an agreement to acquire Crossvale, a US- and EU-based leader in application and platform modernization. The transaction strengthens Options’ capabilities to help financial services firms modernize legacy environments, reduce technology debt, and adopt private cloud and AI solutions within secure, compliant frameworks.
Crossvale brings specialized expertise in containerization, application modernization, database migration, and managed services for OpenShift and Kubernetes environments. As a Red Hat Premier Partner with specialized statuses, Crossvale serves enterprise clients across financial services, healthcare, and manufacturing through its PodOps managed services and CrossDeploy methodology.
By integrating Crossvale’s capabilities with Options’ institutional-grade private cloud platform, the combined offering enables financial institutions to modernize legacy systems at pace while preserving data sovereignty, performance, and regulatory compliance. This is particularly relevant as firms reassess public cloud strategies in favor of private or hybrid models for cost control and risk management.
“This acquisition accelerates our growth strategy at exactly the right moment for the industry,” said Danny Moore, President and CEO of Options Technology. “Financial institutions are under increasing pressure to address spiraling technical debt, meet evolving regulatory obligations such as DORA, and reassess public cloud strategies. By bringing Crossvale into the Options platform, we are uniquely positioned to deliver modernization, AI, and private cloud as a single, integrated solution.”
The timing aligns with Options’ recent launch of PrivateMind, a data-sovereign AI platform tailored for financial services. Together, the acquisition and PrivateMind enable clients to modernize applications, migrate data, and deploy AI workloads on a secure private cloud foundation—addressing the rising demand for compliant AI alternatives.
“We’re seeing rapidly accelerating demand for application and platform modernization, particularly as organizations look to migrate and modernize critical workloads at scale,” said Todd Millard, CEO of Crossvale. “By combining our deep modernization expertise with Options’ global infrastructure platform and strong financial services relationships, we can address this demand in a way that neither company could achieve independently.”
The combined company will deliver a tightly integrated security model spanning infrastructure, platform, and application layers. This approach helps clients meet stringent operational resilience and compliance requirements—such as those under DORA—while accelerating innovation without compromising control.
Tomer Yoser-Of, Partner at Vitruvian Partners (majority shareholder in Options since 2024), added: “This acquisition is a clear example of how Options is executing on its long-term growth strategy by adding capabilities which are highly relevant to its clients. The combination of institutional-grade private cloud infrastructure with deep application and platform modernization expertise creates a highly differentiated platform for financial services ecosystem. As market demand accelerates around modernization, AI adoption, and regulatory resilience, this investment positions Options to scale faster while staying true to its core focus on performance, security, and compliance.”
The acquisition follows Options’ recent strategic moves, including the purchases of Fixnetix, Activ Financial, and Packets2Disk, each aimed at deepening core capabilities in capital markets technology services.
About Options Technology
Options Technology (Options) is a financial technology company at the forefront of banking and trading infrastructure. We serve clients globally with offices in New York, London, Paris, Belfast, Cambridge, Chicago, Hong Kong, Tokyo, Singapore, Dubai, Sydney and Auckland.
About Crossvale
Crossvale Inc. is a Red Hat Premier Partner and member of the Red Hat Commercial Partner Advisory Council, specializing in platform and application modernization and managed services for OpenShift and Kubernetes environments. The company holds Red Hat Specialized Partner status for Container Management, App Platform and Automation. Crossvale's PodOps platform provides 24/7 managed OpenShift services, while Crossvale Kubernetes Manager Services extends support across the broader Kubernetes ecosystem. The company's CrossDeploy methodology delivers comprehensive infrastructure, DevSecOps, and application modernization consulting. Headquartered in Frisco, Texas with operations in the UK and Spain, Crossvale serves enterprise clients across financial services, healthcare, and manufacturing.
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