Treasury Strategies Inc., a consulting company focused oncorporate treasury management, announced last week that it is beingacquired by Novantas Inc., a consulting company that providesanalytic services and technology solutions to many of the world'slargest banks.

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Terms of the transaction were not disclosed.

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Apress release from Novantas said the combined company willoperate under the Novantas name but retain the Treasury Strategiesbrand for corporate advisory business. The partners in TreasuryStrategies—Tony Carfang, Cathy Gregg, and Dave Robertson—willbecome managing directors of Novantas.

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“We're delighted that Treasury Strategies will become part ofNovantas,” Dave Kaytes, co-CEO of Novantas, said in the pressrelease. “Their expertise, analytical focus, and client serviceculture are ideally matched to our own, and their capabilities incorporate treasury management are an excellent complement toNovantas' market and customer focused services for banks.”

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The Treasury Strategies press release said the deal will allowTreasury Strategies to expand its practice “in risk management,balance sheet strategies, and financial modeling.”

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“CFOs need increasingly sophisticated solutions to navigate themarket and regulatory complexities,” Carfang said in an email.“This merger allows us to stay ahead of the curve and solidifiesour leadership position in this arena.”

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Novantas said the integration of the two entities should becompleted this month.

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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.