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Peter Tranberg
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High-growth IT2 Treasury Business Attracts New Investor

SimCorp Treasury Solutions, the provider of the IT2 Treasury Management Software, has been bought from SimCorp A/S by the Nordic-based private equity investor CapMan Plc. SimCorp A/S has been increasing their successful focus on the asset management business and considered the treasury business, which represents approximately 5% of their sales, to be non-core.

The IT2 Treasury Management System has enjoyed strong growth since the appointment of the present management team, in particular in the Nordic, UK and US regions. More than 70 new customers have selected IT2 over the last three years, and the business has achieved revenue growth of more than 80% over the same period.

CapMan Plc is one of the leading private equity investors in the Nordic region and has invested in more than 60 technology companies. Their returns have placed them among the best performing investors in Europe. CapMan Plc has a focus on investing in later stage technology companies with a proven track record of success.

As part of the deal, the current IT2 Management Team will continue their effective delivery of the business strategy and will be offered to become shareholders in the company. The existing management team will work closely with the newly appointed CEO whose name will be published within the next few weeks.
IT2 manages treasury for more than 200 blue chip corporations and financial institutions worldwide. It is differentiated from other solutions through its provision of secure routes to Treasury Best Practice via:
1. The integration of treasury policy and compliance documentation with treasury processing;
2. The availability of out-of-the-box libraries of Best Practice: operational and management reports, integrations with third-party systems, and Treasury processes;
3. Highly automated treasury processing, achieved through process maps, workbenches and management dashboards.

The success of the IT2 Treasury Management System has made IT2 Treasury Solutions a very attractive proposition as a stand-alone business. CapMan's investment objective is to continue with the current focused business strategy and to accelerate the impressive growth of the business. The strategy of the business is to provide high quality Treasury Management Software solutions to corporate and financial institution customers in Europe, the Americas and Asia.

The IT2 Treasury Solutions business will continue to execute its existing product road map, system development, customer services, sales, marketing, and recruitment plans with renewed energy.