Wall Street Systems Acquires the Corporate Treasury Manager Service of Thomson Reuters

Third acquisition in 12 months further strengthens Wallstreet’s position in corporate treasury

LONDON & NEW YORK--(BUSINESS WIRE)-- Wall Street Systems (“Wallstreet”), the global provider of treasury, trading and settlement solutions and services, today announced that it has signed an agreement to acquire the assets of Thomson Reuters Corporate Treasury Manager (a.k.a. “Treasura”), a leading Software-as-a-Service (SaaS) provider of cash and liquidity management services to corporations in North America. The acquisition represents the third for Wall Street Systems in 12 months, further enhancing the company’s leading position within the global corporate treasury space.

Wallstreet will integrate the Treasura service into its existing suite of treasury management solutions, with a particular emphasis on its cash management functionality. The addition of Treasura will further accelerate Wallstreet’s North American expansion in the mid-tier corporate market, complementing the company’s June 2010 acquisition of London-based City Financials. Rounding out Wallstreet’s acquisition tally over the past 12 months is Speranza Systems, a leading provider of electronic bank account management (eBAM) solutions, acquired in April 2010.

Larry Ng, Managing Director of Corporate Development at Wall Street Systems commented, “The Treasura acquisition will further enhance our existing strong cash management capabilities to a broader market, expand our client base and position us for further growth as companies re-engineer their financial infrastructure and workflow. In the midst of the financial crisis, the treasury function has become critical and strategic in the face of increasing complexity, regulatory changes and demands for better cash, liquidity and risk management.”

The acquisition is expected to close by the end of January 2011.

About Wall Street Systems

Wall Street Systems (Wallstreet) is the market leader in treasury, central banking and FX trade processing solutions. Its functionally rich and scalable solutions are used by the world’s largest corporations and financial institutions to improve workflow, manage risks and increase overall productivity throughout the enterprise. Wallstreet’s award winning solutions are used by tens of thousands of users to process millions of transactions aggregating to trillions of dollars, every day.

With a 20 year heritage, Wallstreet has an outstanding reputation for quality and responsive service, and prides itself on helping its clients achieve long lasting benefits and results. Its 600 employees service over 350 corporate, banking and central bank clients, operating out of 13 offices worldwide. The company is a privately held corporation, and is majority owned by Warburg Pincus, a global private equity investor. For more information, please visit www.wallstreetsystems.com.

Wall Street Systems
Global Head of MarketingLeonie Alsop, +44 20 3170 3000
[email protected]
or
IntermarketJed Hamilton/Ashley Schmidt, +1 212 754 5479
[email protected]
orFishburn HedgesPeter Sigrist/Riz Issa, + 44 20 7839 4321
[email protected]

Source: Wall Street Systems