Capitolis Acquires BGC’s Compression & Optimization Business
Capitolis, a prominent technology company dedicated to enhancing capital markets’ safety and vibrancy, has made a significant move by acquiring Capitalab, a leading player in Rates Portfolio Compression and Margin Optimization, from BGC Group for a substantial sum of $46 million. This acquisition marks a strategic step for Capitolis, known for its expertise in optimization and compression solutions, to further expand its offerings and drive innovation in response to evolving client requirements.
Gavin Jackson, the esteemed Founder and CEO of Capitalab, will be joining the executive team at Capitolis, bringing his wealth of experience and insights to foster the company’s growth and development in the compression and optimization space. This collaboration between Capitolis and Capitalab holds the promise of delivering enhanced services and solutions to their clientele, reinforcing their commitment to excellence and client-centric approach.
Expanding Market Reach and Expertise
Capitolis has been on a trajectory of rapid expansion, introducing new products and strengthening its network of financial institutions over the past year. The addition of Capitalab not only broadens Capitolis’s network among key industry players but also opens avenues to engage a wider spectrum of market participants through Capitalab’s established presence in Rates Portfolio Compression and Margin Optimization. With a track record of compressing over $10 trillion worth of options contracts, Capitalab brings a depth of domain knowledge and extensive client relationships that will further enrich Capitolis’s service offerings.
Driving Innovation and Collaboration
The synergy between Capitolis and Capitalab is poised to drive innovation in the capital markets, offering a comprehensive suite of solutions that cater to the diverse needs of clients. Gil Mandelzis, the visionary CEO and Founder of Capitolis, emphasized the significance of portfolio compression and margin optimization in fostering a robust financial system. By combining Capitalab’s cutting-edge technology with Capitolis’s award-winning solutions, the companies aim to establish a ‘one-stop shop’ for compression services, setting a new standard in the industry.
Celebrating a New Chapter
Gavin Jackson expressed his excitement about the merger, highlighting the collective strengths, talents, and shared vision that will shape the future of the combined entity. As Capitolis continues to attract investments from global financial heavyweights and expand its portfolio through strategic acquisitions like LMRKTS, the collaboration with Capitalab underscores its commitment to driving positive change in the financial landscape.
In conclusion, the acquisition of Capitalab by Capitolis heralds a new chapter in the realm of portfolio compression and margin optimization, setting the stage for enhanced services, innovation, and client-centric solutions in the capital markets. With a stellar team and a shared commitment to excellence, Capitolis and Capitalab are poised to redefine industry standards and deliver unparalleled value to their clients.
Source: Capitolis
