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

Pico lands $200m strategic investment

The new funds will be used to pursue M&A opportunities and improve the firm’s infrastructure and data offerings, as well as expand its market coverage.

Earlier this year, the firm acquired Redline Trading Solutions, a provider of trading and market data software solutions.

Founded in 2009, Pico offers a portfolio of financial markets services spanning 55 data centres in the Americas, Europe and Asia.

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

Existing Pico investors and clients include 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.

Pico last raised $135 million in a Series C round in December 2020.


Image and article originally from www.fintechfutures.com. Read the original article here.