Wall Street Systems Aquires Treasura
Wall Street Systems have continued in there push to become one of the biggest names in global corporate treasury and business account management with the recent acquisition of the Thomson Reuters Software-as-a-Service operator known as ‘Treasura‘. This is the third major acquisition for Wall Street Systems in the last 12 months and ‘Treasura’ will now allow them to provide cash and liquidity management services to North American corporations and businesses.
With this new addition of ‘Treasura’ to the WSS business it will allow them to expand their business in the North American sector and it also backs up their existing treasury management systems and other corporate solutions. ‘Treasura’ is a cost-effective, web based treasury management solution and is already relied on by hundreds of global treasury teams.
Larry Ng, the managing director of corporate development at WSS commented on the deal saying: “The Treasura acquisition will open up our existing cash management capabilities to a broader market, expand our client base and position us for growth as companies begin to re-engineer their financial infrastructure and workflow. In the midst of the financial crisis, the treasury function has become critical and strategic in the face of increasing complexity, regulatory changes and demands for better cash, liquidity and risk management.”
