Treasury solutions provider Wall Street Systems has acquired Speranza Systems, a Portland, Maine-based company that has an electronic bank account management (eBam) product, in a deal that underscores the expectations of strong demand for eBam.
Wall Street Systems says it will integrate Speranza's product into its Wallstreet Suite and Wallstreet Treasury solutions. Terms of the transaction were not disclosed. Wall Street Systems is owned by Warburg Pincus, a private equity investor.
Paul Wheeler, managing director of Wallstreet Treasury at Wall Street Systems, notes that the company has been working with Speranza for a couple of years.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
