A blitz of deal-making hit the treasury technology space last month, as Wall Street Systems purchased the Treasura workstation from Thomson Reuters and Reval acquired ecofinance, a Central European cash management vendor.
The deals show the market for treasury technology is growing up, says Jeanne Capachin, a research vice president at IDC Financial Insights.
"When you have a relatively immature market, what you will see is a lot of small start-up vendors," Capachin says. "As a market matures, it just makes sense that vendors start to build scale and acquire some of the competitors.
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