Trovata Acquires ATOM to Expand Treasury Management Solutions

Trovata has acquired ATOM, enhancing its treasury management capabilities and securing $9 million in funding from State Street and PNC.

Trovata has acquired ATOM, a treasury management system developed by Financial Sciences Corporation, announced in a press release. This acquisition aims to enhance Trovata's platform by integrating ATOM's comprehensive treasury features, including support for debt and investment instruments, intercompany transactions, and FX hedging.

In addition to the acquisition, Trovata has secured a $9 million strategic extension to its Series B funding round from State Street Corporation and The PNC Financial Services Group, Inc. This brings Trovata's total funding to $80 million, with previous investments from major financial institutions like J.P. Morgan and Wells Fargo.

The integration of ATOM's capabilities into Trovata's cloud-native platform positions the company as a modern alternative to legacy treasury management systems, offering enhanced scale, flexibility, and performance for corporate finance and treasury teams.

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