Thomson Corporation has signed a definitive agreement to acquire Selkirk Financial Technologies, a privately-held provider of treasury management systems and services, based in Vancouver. Financial terms of the transaction were not disclosed.
Selkirk provides technology for managing liquidity, forecasting cash flow, consolidating bank information and mitigating risk.
Following the acquisition, Selkirk will be merged with the Thomson Financial business.
Kevin Marcus, president, Thomson Financial Corporate Group, comments: "We're confident that the acquisition of Selkirk will improve our ability to provide our customers with integrated treasury solutions, and enable us to quickly gain momentum in this important market."