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SwallowTech buys Monrosoft

13 October 2006  |  1936 views  |  0 Source: SwallowTech

SwallowTech, provider of software and services to the treasury, securities and derivatives markets, today announced that it has acquired Monro Business Software (Monrosoft) a Brussels based competitor.

The merger combines two companies with many years experience in the world of reconciliation and back-office automation, both well known in the International Banking world.

Mr Tahar Ouahabi CEO at Monrosoft says: "The best features of both proven systems will be combined to enhance and develop a product which will respond to a larger variety of market requirements."

Tony Waszkiewicz, CEO at Swallow Tech, says: "The merger extends our Belgian office and is an important step in our plans for growth in EMEA."

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