GTreasury, a treasury, payments, and risk management software provider, has secured a majority investment from Hg, an investor in global software and services companies. The company’s management team and former majority owner, Mainsail Partners, will continue as investors in the business.
Based in Chicago, Illinois, GTreasury is a specialist in treasury management systems (TMS) for organisations worldwide. GTreasury’s SaaS solutions assist treasury departments to manage liquidity needs, payment execution, bank relationships, FX hedging, and auditing and compliance requirements. GTreasury provides these practitioners with real-time insight and access into their global liquidity needs, serving over 700 customers across 30 industries in over 160 countries.
Hg’s investment and support will enable GTreasury to continue its growth in the TMS segment, with scope to drive further operational improvements, invest in more product development, and continue its global expansion plans—including Asia Pacific regions and in Europe.
Hg has invested around $9 billion in the wider tax and accounting software segment across Europe and North America over the last 19 years, with an increasing focus on software serving the ‘Office of the CFO’.
Terms of the transaction have not been disclosed.
