Wall Street Systems Takes Control of IT2 Treasury Systems
London-headquartered CapMan purchased a controlling stake in IT2 in July 2007, since when its revenues have increased at a compound annual growth rate of 17 percent.
"IT2 was a very successful investment for the CapMan Technology 2007 funds and we are pleased with the opportunity to develop the company into a significant treasury management service provider," says Capman chairman Tommy Valther Hansen. "We invested in IT2 primarily because of the company's competitive product, strong reputation and international growth opportunities. The business has developed even faster than we initially expected, especially in the United States, and profitability has remained high throughout the CapMan investment period."
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