Eurobase Purchases Tantus Treasury Systems
Eurobase International – a leading supplier of insurance underwriting software and IT services to the financial market place – has acquired the business of Tantus PLC including its treasury dealing systems (TDS) and a new leading-edge, Java-based treasury system suitable for banks and corporates, known as Siena. As part of the change of ownership this product has been renamed ESL-Tantus. Tantus has specialised exclusively in treasury risk management and dealer support solutions since its formation in 1978. Its systems support real-time foreign exchange, derivative and money-market trading and are used in trading rooms world-wide.