Deals
Goldman-Backed High-Speed Trading Network Sold for $39.5 Million
- GTT bought Perseus, which runs microwave networks traders use
- Goldman Sachs invested $20.5 million in Perseus in 2015
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Perseus Inc., a Goldman Sachs Group Inc.-backed firm that runs a high-speed network used by some of the fastest traders to zoom orders across continents, said it was just sold for $39.5 million.
GTT Communications Inc. was the buyer, according to Jock Percy, the chief executive officer of New York-based Perseus. GTT spokesman Randy Slack declined to comment.