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.
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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.
