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Risk Oversight Times 2

After acquiring FXpress, Reval aims to combine the best of both products into an even better derivatives risk management solution.

By Susan Kelly | Updated on October 01, 2009

As corporate treasuries put more effort into tracking and managing financial risks, two leading providers of financial risk management software for treasuries are combining forces. New York-based Reval, which helps companies manage derivatives and hedge accounting, in late August announced its acquisition of FXpress Corp., a Bala Cynwyd, Pa.-based company whose FIRST software helps treasuries manage cash, exposures and derivatives.

The combined company will go by the name Reval.

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