22nd Century acquires treasury software support firm
Gettyimages.com / Boonchai Wedmakawand
By
Ross Wilkers
22nd Century is looking to grow its digital transformation offerings that aid government agencies in managing their financial functions.
22nd Century Technologies has acquired a professional services provider that specializes in supporting the treasury operations of companies as part of the former's push to further build out its enterprise resource planning practice.
TreasurySoft was founded in 2013 to work with enterprise organizations on their implementations and deployments of Oracle Fusion and PeopleSoft solutions. No terms of the transaction announced Wednesday were disclosed.
By purchasing TreasurySoft, 22nd Century is also looking to beef up its digital transformation offerings that aid government agencies in managing their financial functions.
"We are not only expanding our ERP capabilities, but also setting the stage to provide tailored solutions that extend and optimize Oracle ERP implementations," 22nd Century's chief executive Anil Sharma said in a release.
Prior to its buy of TreasurySoft, 22nd Century's most recent acquisition completed in the fall of 2023 via the purchase of Queues Enforth Development.
QED was a developer of computer-aided dispatch and records management systems for public safety agencies. Subsequent to close, QED became the product division of 22nd Century.
McLean, Virginia-headquartered 22nd Century employs approximately 4,000 people and has recorded approximately $81.6 million in unclassified prime obligations over the trailing 12 months, according to GovTribe data.