Treasury technology vendor Wall Street Systems said today that its deal to acquire the assets of Thomson Reuters Corporate Treasury Manager will close at month's end and that it plans to integrate the Treasura workstation with two other treasury products.
Treasura has about 300 users, says Larry Ng, managing director of corporate development at Wall Street Systems (WSS).
"The Treasura business is software-as-a-service focused on cash management in North America," Ng says. "We actually have full treasury functionality, so there's a potential upsell option for us, to sell a full treasury solution to their cash management clients." He says WSS will also sell Treasura's more extensive U.S. cash management capabilities to its existing treasury clients.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
