Options Technology has completed its acquisition of Crossvale, strengthening its ability to deliver private cloud infrastructure and AI-driven modernization solutions to financial services firms.
The deal integrates Crossvale’s expertise in containerization, application modernization, and database migration into Options Technology’s global infrastructure platform. The combined offering is designed to help clients modernize legacy systems, reduce technical debt, and deploy AI workloads within secure and compliant environments tailored for regulated markets.
With Crossvale now fully integrated, the platform provides an end-to-end solution spanning infrastructure, application modernization, and AI deployment. This allows financial institutions to migrate data, modernize applications, and maintain control over performance, security, and data sovereignty.
The acquisition comes amid growing demand across financial services for alternatives to public cloud strategies, with firms increasingly prioritizing cost predictability, operational control, and regulatory compliance. By combining private cloud capabilities with modernization and AI tools, Options Technology is positioning itself to address these evolving needs.
Security remains a core focus of the combined platform, with integrated protections across infrastructure, platform, and application layers to meet stringent compliance and resilience requirements.
This transaction builds on a series of previous acquisitions by Options Technology, including Fixnetix, Activ Financial, and Packets2Disk, all aimed at expanding its capabilities in capital markets technology.
KEY QUOTES:
“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 pressure and the need to modernize at pace, we are now uniquely positioned to support them with a fully integrated, secure, and high-performance solution.”
Danny Moore, President And CEO, Options Technology
“Joining Options marks an exciting next chapter for Crossvale. From day one, we are bringing together deep modernization expertise with a global infrastructure platform that is trusted by financial institutions worldwide. Together, we can accelerate client transformation programs and deliver meaningful outcomes at scale.”
Todd Millard, CEO, Crossvale
“The successful completion of this acquisition highlights Options’ ability to execute on its strategic growth agenda. The addition of Crossvale strengthens the company’s platform at a time when demand for modernization, AI, and regulatory-ready infrastructure is accelerating. We see significant opportunity for continued growth as these capabilities are brought together.”
Tomer Yoser-Of, Partner, Vitruvian Partners
