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Announced

Completed

TIS completed the acquisition of Cashforce.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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trend forecasting

Cross Border

Friendly

Single Bidder

cash management

Majority

Completed

Private

Acquisition

Financial Data and Systems

Belgium

Synopsis

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Treasury Intelligence Solutions, a provider of enterprise payment optimization solutions, completed the acquisition of Cashforce, a developer of a cash forecasting and working capital analytics platform. Financial terms were not disclosed. "Cashforce has been a premier partner of TIS for several years and has contributed significantly to the cash forecasting and management capabilities we offer clients. The acquisition is a natural extension of our business and will allow TIS to further integrate Cashforce's solution with our platform in order to offer advanced forecasting and data management capabilities to all our clients. This means enterprises can significantly reduce complexity in their global payments and cash management tech stacks by leveraging standardization and transparency afforded by a single, elegant solution," Erik Masing, TIS CEO.

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