09 Jan 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 fibre-optic global network, we have solidified our position as a top provider of electronic trading connectivity to exchanges and market makers.

bso acquires apsara networks low-latency wireless connectivityApsara’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.

BSO is pursuing future external growth opportunities supported by its experienced C-level team of Emmanuel Pellé, Chief Operating Officer and Fraser Bell, Chief Revenue Officer.

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ABOUT BSO

The company was founded in 2004 and serves the world’s largest financial institutions. BSO is a global pioneering infrastructure and connectivity provider, helping over 600 data-intensive businesses across diverse markets, including financial services, technology, energy, e-commerce, media and others. BSO owns and provides mission-critical infrastructure, including network connectivity, cloud solutions, managed services and hosting, that are specific and dedicated to each customer served.

The company’s network comprises 240+ PoPs across 33 markets, 40+ cloud on-ramps, is integrated with all major public cloud providers and connects to 75+ on-net internet exchanges and 30+ stock exchanges. The team of experts works closely with customers in order to create solutions that meet the detailed and specific needs of their business, providing the latency, resilience and security they need regardless of location.

BSO is headquartered in Ireland, and has 11 offices across the globe, including London, New York, Paris, Dubai, Hong Kong and Singapore. Access our website and find out more information: www.bso.co