Toronto, Canada, March 18, 2015– Surecomp®, the leading global provider of trade finance solutions for banks and corporations, and SGM Solutions S.A., a leading Argentinian provider of financial software solutions, jointly announced today that Surecomp has made an equity investment in SGM. In line with Surecomp’s growth roadmap, this move is the latest in a long line of similar such investments and successful acquisitions.
Established in 1992, SGM Solutions is headquartered in Buenos Aires. The firm has established itself as a leader in the development and licensing of a range of advanced middle- and back-office treasury solutions, including SGM Trade, its flagship product.
“Having worked closely with SGM Solutions over the past 18 months, we have come to appreciate the professionalism and dedication shown by its personnel. Their commitment and enthusiasm matches that of Surecomp’s professionals” remarked Joel Koschitzky, Surecomp Chairman. “Surecomp’s decision to invest in SGM Solutions is a vote of confidence both in SGM and the potential in the Argentinian economy.”
Speaking at a joint press conference announcing Surecomp’s equity investment in SGM Solutions, SGM’s joint Managing Directors, Sergio Viere and Matias Hutin, shared their thoughts.
“We firmly believe that this investment and subsequent partnering with Surecomp will place SGM in the perfect position for its next chapter. We see tremendous value in Surecomp’s global standing, and its ability to empower clients with the very best in trade finance solutions,” said Viere. “We understand the added expertise Surecomp brings to SGM, its clients, and the Argentinian and Latin American markets. We believe this is the right direction for SGM’s long-term strategy, and will be in the best interests of both our clients and employees," added Hutin.
About SGM Solutions S.A.
Offering more than 20 years’ market experience, SGM Solutions S.A. is Argentina's leading provider of treasury solutions for banks, supporting in access of 1,000 active users, and processing billions of dollars of transactions. SGM Trade, SGM Solutions S.A. flagship application is an integral Front-to-Back solution assisting banks to modernize their operations and substantially increase market share. For additional information, visit www.sgmtrade.com.ar
Surecomp is the leading global provider of trade finance solutions for banks and corporations. A market pioneer for over 25 years, Surecomp maintains a proven track record delivering innovative solutions worldwide. With a global network of regional offices and six state-of-the-art development centers, Surecomp successfully supports hundreds of installations in over 80 countries. Surecomp's integrated portfolio of trade finance and supply chain finance solutions streamlines the transaction lifecycle to minimize costs and maximize profits. For additional information, visit www.surecomp.com.