GTreasury has opened the New Year, after a record-breaking 2018, with the appointment of a new Chief Executive Officer, Renaat Ver Eecke. With Orazio Pater, founder and former CEO of GTreasury retiring to assume his new post as Executive Chairman of the Board.
Pater, an early pioneer of automated treasury management systems, founded GTreasury in 1986 to make work easier and more rewarding for treasury professionals. His succession plan over the past year-and-a-half saw a $42 million investment from growth equity firm Mainsail Partners, an expanded C-suite, the acquisition of leading risk management provider Visual Risk, and the introduction of a modern single solution for integrated treasury and risk management. By the end of 2018, the company experienced a record-breaking 64% year-over-year revenue growth.
GTreasury serves over 750 large and mid-size treasury organizations across 31 industries throughout North America, EMEA and APAC, see.
Ver Eecke brings to GTreasury twenty years of proven experience in growing technology businesses. Most recently he was President of Teletrac Navman, a $200 million global SaaS business, which he led to double-digit growth. In joining GTreasury he says, “The thing I am most excited about in GTreasury is the product. We now have the best of cash and the best of risk in the treasury solutions business.”
Since November 2018, when its first BETA clients went live, GTreasury has been selling their integrated and risk management solution, which combines the functionality of GTreasury’s cash and payments with Visual Risk’s advanced risk management. After BETA, 90% of new clients signed up for both the cash and risk functionality.
Ver Eecke’s strategy for driving GTreasury forward will be to provide an integrated approach to operations across all parts of the company. He explains: “There are two critical points in driving GTreasury forward: 1) to build on the already great business at GTreasury with the executive team, who have made some great investments, and 2) we need to scale the business in such a way that, as we grow, we ensure that customer service is and will always be our top objective.“
CTMfile take: GTreasury’s acquisition of Visual Risk has clearly worked. The potential is huge worldwide, particularly in North America, for their fully integrated solution. But the most important aspect of Ver Eecke’s takeover of the CEO’s role is that he knows how to scale this type of business without losing sight of the need for an integrated solution in which customer service remains key.
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