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Wednesday, March 05, 2008

Acquisition is key to future growth

Financial solutions group Trintech has acquired Movaris, the risk and compliance solutions provider. The $5 million sale was due being finalised as Irish Computer went to press. Movaris is a pioneer in governance, risk and compliance processes. The California based firm has over 80 enterprise customers for its products, which streamline the process of turning aggregated financial and operational information into public financial statements.

Commenting on Trintech's acquisition, John Van Decker of IT analysis and advisory specialist Gartner, noted: "When considering the automation and unification of critical financial processes, such as account reconciliations, SOX compliance and financial close, the whole is greater than the sum of its parts. These activities are all highly dependent on each other and, when unified, create new insights and return on investment savings."

Acquisition is key to future growth

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