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.