XRT-CERG Finance S.A. today announced that it has acquired Brazilian supplier of cash and treasury management softwareS ynchro. The acquisition of Synchro creates XRT-CERG’s seventh largest subsidiary worldwide. ‘Brazilian companies will now have access to dedicated local treasury expertise, as well as the resources of global leader, for enterprise-wide cash and treasury management solutions,’ said Jean Pierre Roumilhac, president and CEO of XRT-CERG Finance S.A. ‘The acquisition strengthens XRT-CERG´s presence in Brazil, a key component of the Latin American market, and consolidates XRT-CERG’s position as the leading vendor of treasury management software worldwide.’ ‘XRT-CERG’s Cash and Treasury Manager (CTM) complements our local solution which is designed for larger organizations,’ said Ricardo Funari, general manager of XRT-CERG Finance Brazil. ‘CTM’s multi-bank, cash management automation and analysis capabilities provide an ideal solution for mid-size companies in Brazil.’
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