Reval Acquires Treasury Management Software Provider

by CFO Innovation Asia Staff, 20 January 2011

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Reval, provider of a single-version Software-as-a-Service (SaaS) solution for corporate financial risk management, has acquired ecofinance, a treasury management system provider in Central Europe.

ecofinance's software is currently used by listed companies, treasury centers and regional universities. The acquired software provider will continue to do business as “ecofinance – A Reval Company” and will operate from its headquarters in Graz, Austria.

With the acquisition, Reval now has approximately 275 employees globally. The company reports having a client list of over 500 companies and financial institutions.

Madison Park Group served as financial advisor to Reval in this transaction. Terms of the deal were not disclosed.

MORE ARTICLES ON RISK MANAGEMENT, TREASURY MANAGEMENT

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