Reval has been acquired by Ion

Reval, a New York-based provider of cloud-based treasury and risk management solutions, has been acquired by Ion Investment Group, a provider of mission-critical trading and workflow automation software for financial institutions.

• Reval’s software-as-a-service product is used by more than 650 companies, just over half of them located in North America
• Reval’s CEO Jiro Okochi will oversee three of Ion’s other treasury management systems — City Financials, IT2 and Treasura – in addition to Reval
• Ion is backed by The Carlyle Group

About Reval

Reval has been a provider of treasury and risk management solutions to both enterprise clients and banks since 1999. Reval’s robust cloud-based platform allows the company to provide effective liquidity, financial risk and hedge accounting solutions to more than 650 clients across more than 30 countries. The company has been consistently recognized and awarded for its innovative treasury and risk management solutions. Reval was named Best Treasury Analytics Provider in Global Finance magazine’s 2016 Best Treasury Management Systems & Services Providers awards, validating Reval’s leadership position in the corporate treasury market.

About ION Investment Group

ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporates.

Reval’s Investors

Reval had raised several venture and growth-equity rounds of capital from leading investors, including North Bridge Venture Partners, Commonwealth Capital Ventures, Ten Coves Capital, and Goldman Sachs.