Fintech vendor Wall Street Systems has agreed to acquire Thomson Reuters' corporate treasury manager service. Financial terms of the deal were not disclosed.
The service, dubbed Treasura, is a SaaS provider of cash and liquidity management services to corporations in North America.
Wallstreet says the acquisition - its third in 12 months - will accelerate North American expansion in the mid-tier corporate market, complementing the June deal to buy London-based City Financials. The firm has also recently snapped up electronic bank account management specialist Speranza.
Larry Ng, MD, corporate development, Wallstreet, says: "The Treasura acquisition will further enhance our existing strong cash management capabilities to a broader market, expand our client base and position us for further growth as companies re-engineer their financial infrastructure and workflow."