GTreasury announces USD 42m growth investment.
BANKING AND CREDIT NEWS-October 27, 2017-GTreasury announces USD 42m growth investment
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GTreasury, a leading provider of Treasury Management Systems (TMS), has announced a USD 42 million investment from Mainsail Partners, a growth equity firm that exclusively invests in profitable, fast growing technology companies, the company said.
GTreasury will use the new capital and Mainsail's extensive resources to accelerate product development, expand internationally, and enhance GTreasury's customer service.
GTreasury was co-founded over thirty-one years ago by Orazio Pater, CEO, and his wife Peg, General Manager, and offers the longest tenured and holistically developed TMS in the industry. The company's software suite includes its industry-leading Cash Management and Funds Transfer solutions which provide essential insights, automation, and tools to help large enterprises manage global liquidity. The company also offers Accounting, Banking, and Financial Instruments solutions to help treasury departments automate accounting procedures, manage banking relationships, analyze bank fees, and manage investment and debt activity. To facilitate these services, the company has direct connections with over 2,000 banks globally, and integrations with hundreds of ERP and 3rd party systems.
In connection with the growth equity investment from Mainsail, GTreasury recently announced the opening of its first international office, in London, to support global expansion and its existing multinational customer base.
Originated in 1986, GTreasury is the global leader of treasury management solutions for organizations spanning the world. GTreasury's solution illuminates a treasury's liquidity by centralizing all incoming and outgoing banking activities, along with tracking all financial instrument activities. This gives GTreasury practitioners real-time insight and access into their global liquidity. GTreasury is the only company that offers both an installed and a SaaS solution using the same version of the system.
Mainsail Partners is a growth equity firm that invests exclusively in bootstrapped software companies. The San Francisco-based firm has a team of experienced operating professionals to help entrepreneurs scale their businesses and accelerate growth. The firm has raised more than USD 750 million in committed capital. For further information, visit www.mainsailpartners.com.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Oct 27, 2017|
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