Reval signs Merck
Reval, the leading global provider of corporate financial risk management solutions, announced today that Merck (NYSE:MRK), known as MSD outside the United States and Canada, has selected Reval's Software-as-a-Service solution to support its foreign exchange and interest rate derivative portfolios.
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"We are thrilled to work with such a quality, global company on its initiative to bring together all of its processes for exposure management, derivative management and hedge accounting onto a single, integrated workflow using Reval," says Jeff Stacey, Reval's Managing Director, Americas.
Merck and Schering-Plough merged in November 2009 to create a new company that today is the second-largest healthcare company in the world.