2005 was marked by the successful acquisition of Richmond Software and the launch of TremaSuite Version 7, both in the third quarter. It also saw an impressive 16% growth in Trema's license business, with the closing of 16 new major contracts with blue-chip customers.

New customers signed in 2005 include Shell Treasury Centre Limited, Heineken, Intercontinental Hotels, Signet Group, and a large number of Central Banks and other government and financial institutions, including the Central Bank of Bulgaria and the Croatian Ministry of Finance.

As well as the significant expansion of its customer roster, Trema won three Treasury Management International awards and was listed in the Fintech 100 of The American Banker. In addition, Fitzpatrick herself was named amongst Treasury & Risk Management's top 100 most influential people in finance.

"We had an exceptional year in the Central Banks and Financial Institution space, and saw solid growth in new emerging markets," said Trema's CEO, Michele Fitzpatrick. "In 2005, not only did we maintain our leadership as a global player in treasury management, but we also completed a major cycle in research and development. As a result, we are now well positioned to compete in all of our key markets and make significant in-roads in North America in 2006 and beyond."

Trema has developed a vision to provide all sizes and types of treasuries with best-in-class solutions.

TremaSuite's Version 7 includes breakthrough technology based on a new Unified Instrument Management (UIM) framework, enabling financial institutions to support a wider range of instruments, including Structured Products, FX, Equities, Bonds, IR, Fixed Income and cash and money market instruments, all within a single integrated STP environment.

The platform also features an integrated Commercial Lending Module and embedded support for best-in-class NumeriX valuation libraries. This positions Trema well for further in-roads into the Financial Institutions market segment as its combination of STP integration and breadth of instrument coverage allows customers to add, test, release and support new instruments at a fraction of the time and cost it did before.

In 2006, Trema will also be launching a number of major initiatives to attack the middle market. In the second quarter, Trema plans to launch TremaOne, an integrated cash and treasury management solution for mid-size treasuries. This cost-effective and easy to use application is a .net-based version of the highly respected mid-market offering from Richmond Software.

In addition, Trema will aggressively market an innovative new implementation methodology for the delivery of its high-end TremaSuite software. Entitled 'Factory Solutions', this new approach allows customers to significantly reduce implementation costs, risk, and timescales. Factory Solutions for the TremaSuite were first launched in the Central Bank market in 2005 and will now also be introduced to corporate treasuries who have sophisticated needs but little access to IT resources and budget.

"With over 20 per cent of its revenues being systematically re-invested into research and development, Trema continues to be positioned as a pioneer and innovator in treasury management," added Fitzpatrick. "With a high-level of dedication from management and staff and so many opportunities open to us in 2006, and a marked renewed focus on improving treasury workflow and efficiencies across all sectors, Trema is an exciting place to be."