Eurobase International, a supplier of insurance underwriting software, has acquired treasury risk management solutions company Tantus, as part of its growth and diversification strategy.
The financial terms of the deal have not been disclosed.
Eurobase International commercial director Roy Hutchinson said: "This is the first of several acquisitions we plan to make in the coming months.
"It is part of a strategic diversification broadening our customer and product base."
Tantus was a member of Heyde, an international systems integration group headquartered in Germany.
It has specialised in treasury risk management and dealer support solutions since its formation in 1978. Its systems support real-time foreign exchange, derivative and money market trading.
As part of the acquisition, Eurobase has taken on Tantus's treasury dealing systems and a new java-based treasury system called Siena, suitable for banks and corporates.
Hutchinson added: "We will be selling the product in the US in addition to its current markets.
"The Tantus products and staff are the core of the new Eurobase Tantus banking division."
