Options Technology Completes Acquisition of Crossvale, Expanding Private Cloud and AI Modernization Capabilities
https://sg.finance.yahoo.com/news/options-technology-completes-acquisition-crossvale-144200293.html
Publish Date: 2026-03-31 10:42:00
Source Domain: sg.finance.yahoo.com
NEW YORK & LONDON & BELFAST, Ireland & FRISCO, Texas, March 31, 2026–(BUSINESS WIRE)–Options Technology (Options), the leading provider of institutional-grade infrastructure, market data, and managed services for global financial services, today announced the successful completion of its acquisition of Crossvale, a US-headquartered leader in application and platform modernization.
The completed acquisition strengthens Options’ ability to help financial services firms modernize legacy environments, reduce technology debt, and accelerate adoption of private cloud and AI, within a secure, compliant operating model purpose-built for regulated markets. The acquisition builds on an already successful partnership between the two firms, with several joint deployments underway.
With the transaction now closed, Crossvale’s capabilities are fully integrated into the Options platform, combining deep expertise in containerization, application modernization, and database migration with Options’ global private cloud infrastructure. The result is a unified, end-to-end solution enabling clients to modernize applications, migrate data, and deploy AI workloads with full control over performance, security, and data sovereignty.
The acquisition comes at a time of accelerating demand across the financial services sector, as firms reassess public cloud strategies and prioritize greater cost predictability, operational control, and regulatory assurance. By bringing together infrastructure, modernization, and AI within a single platform, Options is uniquely positioned to support this shift.
Danny Moore, President and CEO of Options Technology, said: “This is a significant milestone for Options and our clients. Completing the acquisition of Crossvale allows us to immediately deliver a more comprehensive platform, combining private cloud, modernization, and AI in a way that is purpose-built for financial services. As clients navigate increasing regulatory…
