Treasury systems vendor Trema has acquired the assets, including all copyrights and intellectual property, of Alterna Technologies Group.
Alterna’s liquidity management platform will be integrated into Trema’s treasury, risk, cash and asset management product suite.
“A resourceful corporate treasury has a direct impact on a company’s bottom line,” says Michle Fitzpatrick, CEO, Trema. “To survive in a tough economic climate, treasury operations have had to be adaptable, resilient and efficient. European companies in particular have had to deal with the risks unleashed by exposure to a multitude of currencies and focus hard on optimizing their working capital. Complex requirements demand robust solutions. The acquisition of Alterna enables Trema to combine Europe’s foremost treasury management system with North America’s most technologically advanced cash management software to create an unbeatable combination.”
Jeanne Capachin, Research Director, Financial Insights (an IDC company) says the acquisition of Alterna is a sensible move for Trema. “The acquisition of Alterna’s intellectual property, and the team behind it, places Trema in full control of the development roadmap and resources behind its cash management offering,” she says. “The integration of treasury and cash management is a significant trend in North American corporates. By acquiring Alterna’s liquidity management platform and additional North American resources in sales and development, Trema has maneuvered into a good position to make an impact in the US.”