BOULDER, Colo.--(BUSINESS WIRE)--Pico, a leading financial infrastructure services provider, has selected Zayo Group Holdings, Inc. (NYSE: ZAYO) for a low-latency global backbone network. Pico’s extensive evaluation process culminated with the selection of Zayo and the design of a solution that includes two diverse rings connecting major financial markets for Pico in the U.S., Europe and Asia, with fully diverse subsea, terrestrial systems and cable landing stations.
The primary ring provides Pico with a best-in-class low-latency solution, with the secondary ring providing the next best available latency while maintaining 100 percent physical diversity. The solution leverages Zayo’s owned network in North America and Europe along with its Global Reach relationships with international network providers.
“Zayo’s solution delivers high-performance, low-latency wavelengths across multiple vendor networks,” said Andrew Crouch, president and COO at Zayo. “Pico’s financial and trading clients will be able to depend on a fast, reliable network from all of their international hubs. It’s another example of our ability to support multinational customers with innovative, integrated solutions to meet their needs.”
“Zayo has the established footprint, market penetration and global business relationships that we need to leverage to deliver the top-quality service that our clients demand of us. Our state-of-the-art new low-latency global backbone will go live later this year as the first of its kind in the financial industry; it combines carrier grade functionalities with the low-latency demands of our clients on a global scale. We are proud to see this project come to fruition, combining the strength of trusted telecommunication partners with hardware partners,” said Roland Hamann, Managing Director at Pico.
Pico is continuing its global expansion while utilizing a proven partnership to deliver exceptional service quality for its clients. In addition to the global rings for the backbone, Zayo is facilitating diverse connectivity to South Africa for Pico, which will link the region back to the main European financial hubs. Zayo continues to strengthen its Global Reach capabilities, with expanded points of presence and partnerships, enabling global connectivity to more than 1,100 data centers.
For more information about Zayo, please visit zayo.com.
Zayo Group Holdings, Inc. (NYSE: ZAYO) provides communications infrastructure solutions, including fiber and bandwidth connectivity, colocation and cloud infrastructure to the world’s leading businesses. Customers include wireless and wireline carriers, media and content companies and finance, healthcare and other large enterprises. Zayo’s 127,000-mile network in North America and Europe includes extensive metro connectivity to thousands of buildings and data centers. In addition to high-capacity dark fiber, wavelength, Ethernet and other connectivity solutions, Zayo offers colocation and cloud infrastructure in its carrier-neutral data centers. Zayo provides users with flexible, customized solutions and self-service through Tranzact, an innovative online platform for managing and purchasing bandwidth. For more information, visit zayo.com.
Pico offers premium technology hosting and managed services, specializing in trading technology via Pico Quantitative Trading LLC (based in the U.S.), and Pico Global Ltd., a private limited company registered in England and Wales, under company number 09365923, with a registered office at Paternoster House, 65 St. Paul's Churchyard, London, England, EC4M 8AB. To learn more, visit: www.picotrading.com.
This press release contains a number of forward-looking statements. Words, and variations of words such as “believe,” “expect,” “plan,” “continue,” “will,” “should,” and similar expressions are intended to identify our forward-looking statements. No assurance can be given that future results expressed or implied by the forward-looking statements will be achieved and actual results may differ materially from those contemplated by the forward-looking statements. These forward-looking statements involve risks and uncertainties, many of which are beyond our control. For additional information on these and other factors that could affect our forward-looking statements, see our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including our 10-K dated August 22, 2017. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.