Source: FX Solutions
FX Solutions, a leader in the rapidly growing retail foreign exchange market, announced today that Francisco Partners, one of the world's largest technology-focused private equity investment firms, has invested in excess of $100 million to recapitalize the company.
FX Solutions, which has clients in over 140 countries, provides customers with a low-friction foreign exchange trading platform through the utilization of sophisticated pricing and execution algorithms. The company has designed and implemented a proprietary technology which provides significant operational scalability in a market that is increasingly being recognized as a global asset class for retail online traders.
Francisco Partners' investment in FX Solutions validates the company's business model and strategy, and underscores the confidence in FX Solutions' senior management team.
David Golob, Managing Director at Francisco Partners, commented, "We were impressed with the technological depth of FX Solutions' trading platform as well as the value of the service which the company delivers to institutional partners and retail customers alike."
Robert Cortright, Co-CEO of FX Solutions commented, "FX Solutions looks forward to working with Francisco Partners by leveraging their deep experience in the technology sector to expand and enhance our customer offerings and grow our client base of traders. In addition, the Francisco Partners investment will speed our time to market for innovative offerings to our active client base."
Giuliani Capital Advisors served as financial advisor for FX Solutions on the transaction.