Wall Street Systems acquires Aleri Global Banking, a division of Aleri, Inc.

by Kelly Shumaker, Corporate Communications Manager, Aleri

We’re excited to announce that on April 18, 2008 Wall Street Systems entered into a definitive agreement with Aleri Inc. to acquire Aleri Global Banking (AGB), the wholesale banking division of Aleri Inc. This acquisition derives from Aleri’s decision to exclusively focus on complex event processing (CEP).

Having the AGB products, which include Atlas, GBS and CLS product lines, maintained and supported by a company like Wallstreet, who is committed to the business of core banking systems, will greatly benefit the AGB staff and customers. Additionally, Aleri will benefit from having a management team that is entirely focused on the growth and success our CEP product line and it will provide the company with additional working capital that will allow us to continue to grow and expand our CEP business offerings.

Aleri has always prided itself on providing mission critical solutions and technology for many of the world’s largest banks. Over the past two years we have been working to extend our CEP solutions beyond the financial industry and into other areas that could also benefit from translating real-time information into insight and action across the enterprise. With this acquisition we will be able to further focus on our CEP mission and provide companies across different industries with the benefits of CEP.