Treasury Today Country Profiles in association with Citi

Wall Street Systems for sale

The ‘top four’ treasury management systems vendor is up for sale – in a move which could signal uncertainty in the wider technology market. Private equity firm Warburg Pincus has owned the supplier since 2006. There is speculation that…

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  1. I would sell WS also with cloud solutions provider coming up like JACCOO.
    Investor's Gravatar

    Investor 2011-03-10 18:01:19

  2. Well there are many SaaS solutions out there and almost all players have a cloud strategy. The pick-up of SaaS solutions in Europe is still relatively low (compared to the USA). Data protection issues and security are the main concerns of finance departments. That said I am convinced the serious players in this field (and WSS is one of them) can make sure that customer concerns are addressed. WSS is traditionally selling at the upper end of the corporate market and into banks. Only in the last few years they went for the mid market. This is a crowded market and recent acquisitions (not only by WSS) show that further consolidation is not unlikely. Assuming WSS would be up for sale, lets face it that this is just normal for investors like Warburg Pincus. They have an exit strategy within a defined time frame and 5-years is not unusual. Should customers be worried? No, I don't think so. The products have a large customer base and any buyer would therefore have an interest of keeping them.
    Daniel Andres's Gravatar

    Daniel Andres 2011-03-25 16:22:12

  3. It is now confirmed by internal email : WS is acquired by ION Trading
    jpk's Gravatar

    jpk 2011-04-20 17:12:57

  4. Thanks for the update, jpk - how do you expect the move to impact on Wall Street Systems and its clients?
    Tim's Gravatar

    Tim 2011-04-21 15:36:34