TRG, a subscription spend management software provider, has acquired and merged with market data platform Screen Group.
The new company will have a bigger suite of solutions available for its spend management offering, including expense management, usage tracking, enquiry management and specialist consulting services.
Other new benefits to customers are the ability to support multiple spend and revenue categories, including market and reference data, index licenses, and research software.
TRG is a spend management solution developer that helps companies to streamline expense management, reduce costs, and improve decision making through market data, software and research. The platform aims to simplify a company management of subscription payments and invoicing processes.
Screen Group provides the financial services industry with market data and investment management consultancy. The technology helps to provide support for businesses processes such as auditing, compliance, contract management and profiling, among others.
In a joint statement, Screen co-founders and joint CEOs Peter Fruitema and Kees Brooimans said, ?We are thrilled to be joining the TRG family in order to bring new opportunities for current and potential customers within the market data and enterprise spend management industries, while also offering an unparalleled combination of scale, domain expertise and global reach that stands out as second to none among our competitive set.p>
The pairing of the companies will expand its global presence by operating offices in US, UK, the Netherlands, France, Germany, Switzerland, Singapore and New Zealand.
This acquisition is part of TRG global growth and product innovation initiative, which is launched in 2014 following the investment from Polaris Partners.
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