Reval, a leading global Software-as-a-Service (SaaS) provider of a scalable and integrated Treasury and Risk Management (TRM) solution, announced today that it has closed a private placement of $20 million in structured financing with Goldman, Sachs & Co. Proceeds will be used for general corporate purposes.
"We are excited that an institution such as Goldman Sachs recognizes the opportunity we offer in the treasury and risk management space," says Jiro Okochi, CEO and Co-founder of Reval. "The investment further bolsters Reval's position in the industry as many of our competitors do not have the capital to further invest in providing innovation and high quality support."
Goldman Sachs joins North Bridge Venture Partners, Commonwealth Capital and Napier Park Global Capital as an investor. Madison Park Group acted as financial advisor to Reval in this transaction.