Global network provider BSO has acquired Apsara Networks, a leading supplier of wireless connectivity to financial markets.
By integrating Apsara’s wireless microwave technology into its fibre-optic global network, BSO has solidified its position as a top provider of electronic trading connectivity to exchanges and market makers.
Apsara’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, BSO has opened up its 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.