Options Technology has entered into a definitive agreement with Crossvale. With a goal to advance the adoption of private cloud computing and AI technology among financial services firms. It enhances Options Technology’s ability to offer modernized legacy systems, as well as cutting-edge infrastructure solutions. Options Technology’s acquisition of Crossvale will improve. The company’s capabilities in terms of application modernization, database migration, containerization, and secure cloud computing. However, most importantly, it will bring together its platform capabilities with Options Technology’s global infrastructure platform.
“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.”
Strengthening Modernization and Secure Cloud Capabilities
However, it would also assist its clients in modernizing their applications and data migration. Deployment of AI projects over a robust private cloud environment, which is compliant and has strong performance capabilities. In addition, it would provide its clients with a robust security solution. That would cover infrastructure, platform, and application layers, thereby satisfying the most demanding and strictest OS and risk requirements. However, any terms and conditions of such a deal would remain undisclosed.
“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. Strong financial services relationships, we can address this demand in a way that neither company could achieve independently.”
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News Source: Businesswire.com
