About a-team Marketing Services

A-Team Insight Blogs

Pico Secures $200 Million Investment from Golden Gate Capital

Subscribe to our newsletter

Pico, provider of technology services, software, data and analytics for the financial markets community, has signed an agreement with Golden Gate Capital, the private equity investment firm, for a $200 million strategic investment. Pico will use the capital to pursue strategic M&A opportunities, and to extend its data offering and market coverage across all regions and asset classes.

“We are thrilled to have Golden Gate Capital as an investor and strategic partner,” says Jarrod Yuster, Chairman, Founder and CEO of Pico. “We’ve known Golden Gate Capital for about a year. They’re long-term oriented and extremely bright. They like our business, our team and our expansive global technology and data platform, which has become a critical part of the financial markets ecosystem. On top of that, they are very excited about M&A opportunities to leverage the platform, to provide new and differentiating services for our clients.”

Founded in 2009 to address trends in market electronification, Pico now offers a comprehensive range of services around financial trading, including cloud infrastructure, connectivity, data, software and analytic solutions, across the Americas, Europe and Asia, with more than 430 clients, including the top 25 global banks, 39 exchanges, and a number of electronic market makers and asset managers.

“With this investment, Pico will pursue a range of M&A opportunities and continue to build on the significant investments we’ve already made in our high-performance infrastructure and in expanding our data offering and market coverage across all regions and asset classes,” says Yuster. “Our global infrastructure and PicoNet connectivity is the foundation and main artery for delivering mission critical financial data, applications and services. So, we’ll be looking at what software applications and analytics integrate well into our environment to address the key macro trends of electronification of markets and global borderless trading and data access.”

Pico has a proven record of acquiring and integrating companies. In 2019 it acquired Corvil Analytics and earlier this year it acquired Redline Trading Solutions, a provider of trading and market data software solutions. “We’ve instrumented our global network with Corvil to provide differentiated operational excellence which is paramount to our sophisticated client base,” says Yuster.  “With Redline, we’ve seen tremendous interest from existing clients wanting to use the product globally, across asset classes for high-performance market data consumption and low-latency order execution. We’ve advanced the European footprint and we’ve been making good progress in Asia. From an asset class coverage perspective, Redline is very strong in equities, options, futures and FX. We are now embarking with key clients on advancing its fixed income offering.”

With this investment, Golden Gate Capital joins strategic investors including Goldman Sachs Asset Management, Wells Fargo Strategic Capital, J.P. Morgan, UBS, CE Innovation Capital, DRW Venture Capital, Intel Capital, Singapore-based global investor EDBI, Nomura and Chicago Trading Company.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The challenges and potential of data marketplaces

Data is the lifeblood of capital markets. It is also a valuable commodity providing financial institutions with additional insight when gathered in an internal data marketplace, or packaged and sold externally to other institutions. While the theory is sound, the practice of setting up a data marketplace can be challenging. Internally, vast amounts of data...

BLOG

Trading Technologies Expands Risk Management Offering and Post-Trade Allocation Services

Trading Technologies, the trading software, infrastructure and data solutions vendor, through its partnership with KRM22, the risk management software company, is making the KRM22 Risk Manager available to customers on the TT platform. Incorporating KRM22’s real-time post-trade risk service will significantly enhance TT’s risk toolset, according to a recent company announcement. KRM22’s risk scoring system...

EVENT

A-Team Innovation Briefing: Innovation in Cloud

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...