Pico, a provider of mission critical technology services, software, data and analytics for the financial community, has secured $200m in strategic investment.
The investment was secured from Golden Gate Capital, a leading private equity investment company.
Founded in 2009, Pico was established to address the macro trends in electronification of markets across all asset classes. The company fofers financial services trading cloud infrastructure, connectivity, data, software and analytic solutions spanning 55 data centers across global markets.
According to Pico, it will use the new funding to pursue strategic M&A opportunities that further enhance its global ecosystem. It will also aim to build on the strategic investments it has previously made and continue to extend its data offering and market coverage across all regions and asset classes.
Pico CEO and founder Jarrod Yuster said, “We have made significant investments in global expansion, product innovation, operational excellence and in our organization, thereby laying the foundation to support the next wave of substantial growth.
“We are thrilled to have Golden Gate Capital as an investor and strategic partner supporting us to continue leveraging our leading global technology and data platform to provide additional services for our clients. Golden Gate Capital’s deep financial services experience and track record of successful acquisitions at their portfolio companies will help advance our strategy.”
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