Thursday, February 14, 2008

Trintech Group Buys Movaris

Dallas-based Trintech Group Plc, a provider of financial risk management and compliance software, said earlier this week that it has agreed to acquire Movaris, a developer of software for risk and compliance management. The deal is worth $5M in cash plus of 1.25 million Trintech American Depositary Shares. Movaris is based in San Jose, California. According to Trintech Group, the movaris solution covers SOX compliance, management of financial close, account reconciliation, and other applications, and has over 80 enterprise customers.