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February 23, 2010

Sveafastigheter Selects OpusCapita’s Treasury Management Solution

Sveafastigheter, a Sweden-based private equity firm which manages capital from Nordic and international institutions, has selected OpusCapita's treasury management solution to manage all loan portfolios and integrate bookkeeping, reporting and cash flow management.

By CBR Staff Writer

In May 2008, OpusCapita entered into a collaboration with IT2 Treasury Solutions, which enables it to offer the IT2 treasury management system to clients in Sweden and Finland.

Johan Knaust, CFO and partner at Sveafastigheter, said: “The new system will make management of our funds considerably easier. We perceive substantial value in streamlining our treasury operation through implementation of IT2. Both for us as fund managers and for our clients, the investors.”

Mona Henriksson, MD of OpusCapita Scandinavia, said: “We are targeted at companies in Sweden that need to renew the supporting technology for their financial and liquidity management. The deal with Sveafastigheter also confirms the growing demand we are observing in the market.”

Kevin Grant, CEO of IT2 Treasury Solutions, said: “This is a further proof of the value of working with a strong regional partner who is fully attuned to local business practices, such a partnership significantly reduces clients’ project risk, and facilitates really effective communications and relationship management.”

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