BSO plans to integrate Apsara Networks’ wireless microwave technology into its fibre optic global network following acquisition of the company. The acquisition was supported by a minority investment in BSO by private equity fund Abry Partners. Apsara’s microwave network connects a number of liquidity venues and incudes a New Jersey route taking in Nasdaq, NYSE and BATS.
Michael Ourabah, founder and CEO of BSO, says the acquisition of Apsara will enable the company to offer unrivalled low-latency access, network resiliency and enhanced managed services to clients across established and emerging markets. On financial backing from Abry Partners, he says this was pivotal to the Apsara deal and will provide funds to accelerate expansion plans.
Nicolas Massard, partner at Abry, describes BSO as ‘an industry front-runner with a renowned reputation for innovation in low-latency connectivity and managed services’ and says Abry’s investment is inline with increasing demand for fintech solutions.
BSO has stated openly that it is pursuing further external growth opportunities.