Pico to acquire Corvil
July 9, 2019

Pico, a privately held provider of technology services for the global financial markets community, says it has signed a definitive agreement to acquire Corvil, a provider of real-time analytics and machine intelligence products for financial markets infrastructure performance and operations.

It says the acquisition brings together two best-in-class service and product companies with a shared commitment to helping clients gain a competitive advantage and greater insight into their electronic transactions and trading technology.

Said Donal Byrne, CEO of Corvil: "We see a new era of financial technology for the capital markets emerging. This will be defined by an on-demand and machine intelligent technology paradigm delivered as a service for infrastructure, platform, cloud, data and analytics. With Pico, we are making a transformational move on the $50 billion financial technology services market."

In the combined company, Byrne will take up the position of Chief Technology Officer, reporting to Jarrod Yuster, Pico's Founder and CEO; Byrne will ahve global responsibility for product, marketing and data science.

The company will operate under the Pico brand while the Corvil name will continue to be used for its portfolio of products and services. Clients will be able to procure all currently available Corvil products as well as newly introduced Corvil-as-a-Service solutions available within Pico's global network and infrastructure footprint.





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Pico, a privately held provider of technology services for the global financial markets community, says it has signed a definitive agreement to acquire Corvil, a provider of real-time analytics and machine intelligence products for financial markets infrastructure performance and operations.

It says the acquisition brings together two best-in-class service and product companies with a shared commitment to helping clients gain a competitive advantage and greater insight into their electronic transactions and trading technology.

Said Donal Byrne, CEO of Corvil: "We see a new era of financial technology for the capital markets emerging. This will be defined by an on-demand and machine intelligent technology paradigm delivered as a service for infrastructure, platform, cloud, data and analytics. With Pico, we are making a transformational move on the $50 billion financial technology services market."

In the combined company, Byrne will take up the position of Chief Technology Officer, reporting to Jarrod Yuster, Pico's Founder and CEO; Byrne will ahve global responsibility for product, marketing and data science.

The company will operate under the Pico brand while the Corvil name will continue to be used for its portfolio of products and services. Clients will be able to procure all currently available Corvil products as well as newly introduced Corvil-as-a-Service solutions available within Pico's global network and infrastructure footprint.



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