For more than a decade, Selkirk has helped organizations in the Treasury market optimize their financial performance with solutions for managing liquidity, forecasting cash flow, consolidating bank information and mitigating risk. Selkirkâs solutions are highly complementary to Thomson Financialâs strategic direction, and will greatly extend its reach within the corporate executive suite.
"Weâre confident that the acquisition of Selkirk will improve our ability to provide our customers with integrated treasury solutions, and enable us to quickly gain momentum in this important market," said Kevin Marcus, president, Thomson Financial Corporate Group. "Like Thomson Financial, Selkirk emphasizes innovation and competitive spirit, and weâre very excited about the prospect of combining our two companies."
"Thomson Financialâs global presence, high-value workflow applications, and strong commitment to the Treasury marketplace will help us expand the world-class business that weâve built, and open up new and exciting opportunities for serving our target market," said James Suttie, president and chief executive officer of Selkirk Financial. "I take great comfort knowing that Selkirkâs business model and spirit, exceptionally talented staff, and most importantly, our clients will be in good hands."
This transaction is subject to certain closing conditions.