Pico secures $200m strategic investment

Golden Gate Capital has made a $200 million strategic investment in Pico, a New York-based provider of technology services, software, data, and analytics for financial markets.

The fresh funds will be used to seek M&A opportunities, enhance the company’s data and infrastructure solutions, and broaden its global reach. Redline Trading Solutions, a provider of trading and market data software solutions, was purchased by the company earlier this year.

Pico, a 2009 startup, provides a variety of financial market services through 55 data centres across the Americas, Europe, and Asia.

The company has already made “significant investments” across the board, according to Jarrod Yuster, chairman, founder, and CEO of Pico, “thereby laying the foundation to support the next wave of substantial growth.”

Goldman Sachs Asset Management, Wells Fargo Strategic Capital, JP Morgan, UBS, CE Innovation Capital, DRW Venture Capital, Intel Capital, EDBI, Nomura, and Chicago Trading Company are some of the current investors and clients of Pico.