Financial Software Systems Acquires Tecnología, Asesoría, Sistemas
Financial Software Systems (FSS), a provider of portfolio management software for international financial institutions, has acquired Tecnología, Asesoría, Sistemas (TAS), a provider of treasury and risk management software and services in Mexico. The transaction was completed on 1 June 2011.
“The acquisition of TAS will strengthen FSS’s presence in México and Latin America and further expand our product offerings,” said Gerald Thurston, president of FSS. “The addition of FSS’s software to the software offered by TAS will create many opportunities for TAS’s existing clients and for new clients throughout Mexico and Latin America.”
FSS supports foreign exchange (FX), money market, bond, equity and derivative instruments. FSS’s Spectrum Treasury System provides front to back office processing, along with a robust suite of internet portals and web-publishing capabilities.
Goldenhill Technology Advisors, an international technology merger and acquisition (M&A) advisory firm, assisted FSS in the transaction.