Treasury management system vendor Kyriba announced this morning that it has reached an agreement to acquire currency risk management software provider FiREapps.

In the release announcing the acquisition, the companies say that their merger “will create a highly advanced solution for managing global FX risk, including data gathering and consolidation, reporting, analytics, decision support, payments, hedge accounting, and more.”

Jean-Luc Robert, chairman and CEO of Kyriba, adds: “The acquisition of FiREapps deepens our commitment to helping senior financial executives be more agile and efficient in managing all types of risk, including FX exposures.”