Analysts Upbeat on WSS-Trema Merger
NEWS ANALYSIS
NEW YORK—Reactions among industry observers have been initially upbeat to the recently announced merger of Wall Street Systems (WSS) and European treasury software vendor Trema.
Warburg Pincus, a U.S. private equity house that owns WSS, will purchase Trema for an undisclosed amount. The combined company will operate as Wall Street Systems.
London-based Trema was established in 1992 with the financial backing of several investors, including InvestCorp, The Carlyle Group, ABS Ventures and Norsk
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