GTreasury and Visual Risk join forces
CHICAGO, IL – GTreasury, a leading provider of Treasury Management Systems (TMS), today announced they have acquired and will merge with Visual Risk, an Australian-based risk management and compliance software solution for global treasury departments. Combining GTreasury’s cash management software with Visual Risk’s risk analytics and hedge accounting software will create the most comprehensive and robust Treasury and Risk Management Software (TRMS) in the market.
“We are excited about the value the integrated solution will bring to treasury departments around the world. As the treasury function becomes more complex and strategic, Treasury departments require comprehensive tools to provide analysis, visualization and reporting that address cash, risk management and compliance,” said Orazio Pater, CEO of GTreasury. “, “After the investment from Mainsail Partners in 2017, we are delivering on our strategy to invest in product innovation and global expansion. We believe the breadth and depth of the combined offering will create a solution for the digital treasurer, transforming the treasury function from operational to strategic.” added Pater.
Visual Risk’s TRMS platform enables treasury personnel to unlock insights into their exposure to a myriad of risk factors, including interest rates, commodity pricing and foreign exchange. The company’s product suite enables corporations and financial institutions to visualize, analyze, and make strategic decisions regarding the market risks associated with their businesses. GTreasury’s software suite includes its Cash Management and Payments solutions which provide essential insights, automation, and tools to help large enterprises manage global liquidity. Combined, the companies will provide treasury departments with a comprehensive solution available for managing global liquidity and financial risk.
Terms of the deal were not disclosed.