Reval, the financial risk management software provider, says it has acquired ecofinance, an Austrian company that sells treasury management solutions in Central Europe. Reval plans to integrate ecofinance's product with its own to come up with a single, software-as-a-service (SaaS) treasury solution.

"Down the road we'll have a treasury management solution that we can offer clients globally," says Jiro Okochi, Reval's CEO and co-founder

Okochi says Reval has spent 10 years focusing on financial risks such as interest rates, foreign exchange, commodity and credit risk, along with changes in hedge accounting regulations.

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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.