GTreasury will acquire Visual Risk, based in Australia, and integrate its solutions into its own offering to bolster its existing treasury and cash management tool. The companies will combine their risk analytics and hedge accounting software as well, they said.
“We are excited about the value the integrated solution will bring to treasury departments around the world,” said GTreasury CEO Orazio Pater in a statement. “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.”
“After the investment from Mainsail Partners in 2017, we are delivering on our strategy to invest in product innovation and global expansion,” Pater continued, referencing the company’s $42 million growth equity funding announced last October. “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.”
Visual Risk offers a Treasury and Risk Management Software (TRMS) solution that enables risk management and mitigation in areas like foreign exchange and interest rates. The tool is available to corporations and financial institutions, the firm explained; the solution will integrate with GTreasury’s existing cash management and payments tools that automate liquidity management processes.
“As globalization impacts more businesses each year, managing interest rate exposure, FX risk and global cash visibility are increasingly critical priorities for treasury departments of all sizes,” said Visual Risk Co-Founder Paul Nailand in another statement. “By providing a complete solution, we are empowering treasurers to spend more time on the strategic aspects of treasury management to increase enterprise value.”
Pater will lead the combined entity as CEO, while Nailand will continue to serve as managing director of Visual Risk.