GTreasury has acquired Hedge Trackers, along with the company's CapellaFX and CapellaIR risk management products, as well as accounting and consulting services.
CapellaFX offers a significant boost to GTreasury's product suite, claiming to be the first FX risk management software that integrates the entire hedge program workflow.
Hedge Trackers was founded in 2000 by Helen Kane (pictured), who said the deal would, "Deliver the most comprehensive and intelligent solution for managing and mitigating financial risk."
Renaat Ver Eecke, CEO of GTreasury, said the Hedge Trackers acquisition would boost the development of the firm's risk management products: "With GTreasury’s product development capabilities, we can accelerate the expansion of Hedge Trackers’ robust Capella software capabilities and our best-in-class risk management solutions to better meet the requirements of modern CFOs and treasury teams.”
GTreasury took part in the 2021 Treasury Dragons session on FX Risk which also featured Kyriba, Nomentia and Hedgebook. The 2022 session, due to take place on 8th February, has so far announced Kyriba and Nomentia as contenders.
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