With a $20.5 million investment, Goldman Sachs has taken a minority stake Perseus, a high-speed connectivity firm that provides infrastructure to high-frequency traders. According to a press statement, the investment “will allow Perseus to accelerate expansion of its global managed services network.”
Perseus claims it “has been at the forefront of low-latency trading and market connectivity since its formation in 2009.” It released its LiquidPath into the U.S. financial market and EdgePath, a high-speed connectivity infrastructure aimed at IT, media, telecom and gaming industries over the past 12 months.
We see a great opportunity in the financial technology sector in general, and Perseus in particular, said Terry Doherty, director at Goldman Sachs. Not only is their business performance exceptional, but they have the potential to dramatically shift the way that the global markets engage by introducing the fastest and most secure managed services the industry has ever seen.
The investment by Goldman Sachs is an important accelerator of our business. It enables us to maintain our leadership position in product and service innovation, while more rapidly expanding our global network. This ensures that we continue to meet and exceed our customers performance objectives around the world, said Dr. Jock Percy, CEO of Perseus.
