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Pico signs agreement with Golden Gate Capital for $200m investment

Pico, a provider of mission critical technology services, software, data and analytics for the financial markets community, has signed an agreement for a $200 million strategic investment from private equity firm Golden Gate Capital.

The capital will be used to pursue strategic M&A opportunities that further enhance Pico’s comprehensive global ecosystem of best-in-class technology and services, as well as other general corporate purposes.
Pico was founded in 2009 to address the macro trends in electronification of markets across all asset classes. Since then, it has consistently anticipated market requirements and now offers comprehensive financial services trading cloud infrastructure, connectivity, data, software and analytic solutions spanning 55 data centres traversing all key global market centres in the Americas, Europe and Asia. Pico sits at the centre of a complex ecosystem powering mission critical applications for more than 430 clients, including the top 25 global banks, 39 exchanges, electronic market makers as well as premier asset managers.
With this investment, Pico will continue to build on the strategic investments it has made in its high-performance, resilient infrastructure and in continuing to extend its data offering and market coverage across all regions and asset classes. 

Existing Pico strategic investors and clients include Goldman Sachs Asset Management, Wells Fargo Strategic Capital, JP Morgan, UBS, CE Innovation Capital, DRW Venture Capital, Intel Capital, Singapore-based global investor EDBI, Nomura and Chicago Trading Company.

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