LONDON, July 4, 2018 /PRNewswire/ --
Gresham Technologies plc, the leading software and services
company that specialises in providing real-time data integrity and
control solutions, today announced that it has completed the
acquisition of B2 Group.
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B2 Group adds cash management and payments integration solutions
to Gresham's portfolio of Clareti applications, increasing
Gresham's addressable market and advancing Gresham's strategic plan
to create a global, enterprise financial technology business.
All B2 senior leadership and staff have joined Gresham and will
continue to work together as a specialist team known as Gresham
Cash Management Solutions. The B2 Luxembourg office will become a hub for
growing Gresham's expanding business in continental Europe.
Ian Manocha, Gresham CEO,
commented:
"We're delighted to be announcing today's acquisition of B2
Group. This exciting combination creates an industry leader in
multi-bank integration and control solutions for corporates, banks,
insurers and asset managers, it strengthens our cloud capabilities
and gives us a platform to further accelerate our growth.
We have strategic plans for our combined organisation and remain
committed to delivering innovative products, excellent support and
industry expertise to our customers."
Highlights of the acquisition:
- 15 new customers, comprising corporates, banks, insurers, and
asset managers, added to the Gresham customer base
- Provides an enlarged footprint in continental Europe
- Brings further expertise in cash management, securities and
payments integration, straight-through-processing and secure cloud
hosting solutions
- Complements Clareti Accounts Receivables Management and Clareti
Transaction Control
- Brings proven, private cloud capability hosted at B2's trusted,
secure, high-availability data centres in Luxembourg
Gresham will take B2 Group's full product set to the global
market as part of the Clareti portfolio with B2's 'Multi-Bank
Integrator' being renamed as 'Clareti Multi-Bank'.
Phil Boland and Marc Binck, B2 Group Co-founders, commented:
"Joining with Gresham will enable us to take our innovative
multi-bank solutions to a global market. Gresham shares our passion
for customers and understands how to support the growth of a
successful and talented financial technology team. We are delighted
to be joining Gresham."
About Gresham Technologies plc
Gresham is a leading software and services company that
specialises in providing real-time data integrity and control
solutions. Listed on the main market of the London Stock Exchange
(GHT.L) and headquartered in the City of
London, its customers include some of the world's largest
financial institutions, all of whom are served locally from offices
located in Europe, North America and Asia Pacific.
Gresham's award-winning Clareti software platform has been
designed to provide financial institutions with complete certainty
in their data processing. Clareti is a highly flexible and fully
scalable platform for ensuring the integrity of data across an
enterprise. It is designed to address today's most challenging
financial control, risk management, data governance and regulatory
compliance problems.
About B2 Group
B2 Group, based in Luxembourg
and with offices in London, are
specialists in bank-to-corporate integration and cash management
software and focus on the growing multi-bank solutions market. B2
Group's core product is an innovative, proprietary, cloud-based
software platform to connect corporates and asset managers with
their bank partners. It provides organisations with real-time
visibility of their cash position, improved control of outgoing
payments and automated processing of incoming statements.
Further information can be found on the Gresham website
greshamtech.com or on Twitter @GreshamTech
SOURCE Gresham Technologies plc