Redwood Corporation has acquired the business and assets of the Vision treasury management system from London-based COR Financial Solutions.
Vision is a Windows-based front to back office treasury software product targeted at global banks.
Beoleong Lim, president, Redwood Corporation, says the acquisition will provide a global presence in the treasury market space.
"Our first objective is to cement and further enhance our relationships with the existing users of Vision," adds Lim.
COR Financial says the sale is a positive step for Vision's existing customers and Redwood is well placed to take the product forward.