New York ― March 25, 2013 ― Options, the market leader in infrastructure as a service (IaaS) products for the global capital markets industry, today announced that the Citigroup spinout, Napier Park Global Capital (“Napier Park”), has chosen the firm’s PIPE® Core and Momentum services as its fund’s technology infrastructure.
Napier Park Global Capital Chooses Options as its Managed Infrastructure Provider
Napier Park is an independent asset management firm with approximately $6.8 billion under management and more than 110 employees in offices in New York and London. The firm manages a diversified product mix, including hedge funds, bespoke client solutions, CLOs and private investing for institutional investors globally.
Napier Park will utilize Options’ PIPE® Core and Momentum services, key components of the Options’ Private Financial Cloud platform. PIPE Core is a complete business technology infrastructure service providing a robust and resilient technology foundation for day-to-day business communication, regulatory compliance and operations management. PIPE Momentum is a fully managed and optimized financial application hosting service for proprietary and vendor applications spanning the front-, middle- and back- office.
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About Options (www.options-it.com):
Options is the leading provider of cloud-enabled managed services to the global capital markets. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 200 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.