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Sale of Perseus Networks backed by Goldman

First Published 16th June 2017

GTT expands reach with acquisition of Perseus for 37.5 million USD, plus the assumption of approximately 3 million USD in capital leases.

GTT Communications continues its buying spree of low-latency connectivity across the globe.

After acquiring the transatlantic low-latency route laid by Hibernia Networks late last year, GTT purchased Goldman Sachs-backed Perseus Networks.

Perseus' infrastructure services provide low-latency trading firms with the connectivity and managed co-location they require to conduct their day-to-day business of shuttling orders through exchanges globally. In particular, Perseus has made a name for itself by reaching some of the more exotic destinations such as Bogota, Rio de Janeiro and Sao Paulo, to name but a few. GTT until this point had no presence in South America.

Perseus also brings one microwave asset to the table: a direct path between CME's Aurora datacenter and Nasdaq's Carteret center.

Goldman Sachs had taken a 20.5 million USD stake two years ago, which it seems to be divesting now.