The news that Ion Investment Group has struck a deal to acquire Reval, a provider of treasury and risk management solutions, is seen as a plus for other treasury management products already under Ion's roof.
London-based Ion owns a number of treasury management systems, including Wall Street Systems, which it purchased in 2011; IT2, which it acquired in 2013; and City Financials and Treasura, both purchased by Wall Street Systems before it was acquired by Ion.
Once the deal closes, Reval's CEO, Jiro Okochi, will oversee not only Reval but three of the other products: City Financials, IT2, and Treasura. Reval's sales and marketing teams also will work with those three products. Wall Street Systems, which targets financial institutions and large corporates, will remain a separate vertical.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
