Parity Treasury Management System business sold to Eurobase
Eurobase International has acquired the Parity Treasury Management Software from Manex Treasury Systems, its flagship product. Parity clients and Manex staff will move to Eurobase as part of the deal.
Parity users will continue to be supported but will be encouraged to move to Eurobase’s own offering, Siena.
Manex is a long-standing software supplier to the UK building societies, banks and corporate treasuries. Its clients include:
- Bath Building Society
- Cambridge and Counties Bank
- Darlington Building Society
- Hanley Economic Building Society
- Harpenden Building Society
- Hinckley and Rugby Building Society
- Market Harborough Building Society
- Marsden Building Society
- National Counties Building Society
- Newbury Building Society
- Paragon Group and Paragon Bank
- Saffron Building Society
- Scottish Building Society
- Swansea Building Society
- Tipton and Coseley Building Society
It will undoubtedly give Eurobase a greater presence in the building society and corporate sectors.
The company was formed by Alan Francis and Alan Holliday in the early 1990s following a management buyout from Manchester Exchange and Investment Bank.
In July 2013, the company gained new owners, Simon Edmunds and Nick Eaton, “long time friends and colleagues of Manex, with the two Alans going off to take well-earned retirement”, it says on the vendor’s website.
Eaton and Edmunds will be joining the operations team at Eurobase.
Eurobase is a UK-based software and solutions supplier, focusing on banking/financial services, corporate and insurance sectors. It also provides IT recruitment and consultancy services.