City Networks Builds With Future State Acquisition

Treasury software provider City Networks has acquired Future State Technology Ltd, a business control solutions developer. The acquisition will allow City Networks to extend its existing banking and securities reconciliation product offerings to incorporate new enhancements such as emphasis on generic message formatting and complex multiple system-to-system reconciliation. The acquisition is ‘part of a strategic growth plan for City Networks’, having already begun with an aggressive recruitment drive earlier in the year.

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