Wallstreet buys Thomson Reuters corporate treasury manager service

Wallstreet buys Thomson Reuters corporate treasury manager service

Fintech vendor Wall Street Systems has agreed to acquire Thomson Reuters' corporate treasury manager service. Financial terms of the deal were not disclosed.

The service, dubbed Treasura, is a SaaS provider of cash and liquidity management services to corporations in North America.

Wallstreet says the acquisition - its third in 12 months - will accelerate North American expansion in the mid-tier corporate market, complementing the June deal to buy London-based City Financials. The firm has also recently snapped up electronic bank account management specialist Speranza.

Larry Ng, MD, corporate development, Wallstreet, says: "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."

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