Tech: Melior Equity Partners’ investment in Salmon Software

Armstrong is pleased to have provided commercial due diligence (CDD) for Melior Equity Partners in support of its investment in Salmon Software, a fast-growing financial services software business that provides customers with a world-class treasury management system (TMS).

Customers use Salmon Software’s innovative, specialist software to efficiently manage their treasury function, including risk management, payments, cash management & forecasting, dealing, and regulatory reporting. Customers receive automated, integrated treasury management functionality, with built-in workflows and real-time business insights.

Founded by CEO John Byrne, Salmon Software has offices in Ireland and the Czech Republic, and a roster of international customers. The company’s TMS has evolved into one of the world’s most sophisticated treasury management products, reflecting the global financial industry’s technological innovation and increasingly complex nature.

The investment from Melior will support the future growth of Salmon Software, enabling further development of the core TMS product and expanded customer support.

Armstrong provided focused buy-side CDD, building on our team’s strategy and industry experience in the financial services and technology sectors. Armstrong assessed Salmon Software’s opportunity to expand in its core market by conducting an in-depth customer referencing programme, backed up by conversations with Armstrong’s network of market experts, and integrated into our deep analysis of a complex market and competitive landscape.

Esmond Greene, Managing Director at Melior Equity Partners, said:

“Simon, Ifan, and the Armstrong team provided Melior with a high-quality and comprehensive CDD report which evaluated our investment hypotheses on Salmon Software and the wider TMS market. We chose to work with Armstrong on this deal because of their financial services and technology sector knowledge and their ability to produce clear, useful conclusions for us and the management team.”

Simon Hemsley, Director at Armstrong Transaction Services, said;

“We look forward to seeing Salmon Software grow in partnership with Melior. The TMS market should continue its robust growth over the coming years, and Salmon Software is well-placed to take advantage.”

For further details on this project and Armstrong’s views on opportunities in the technology and financial services sectors, please contact;

Solomon Ishack, Senior Consultant

[email protected]
+44 7943 036 633

Email Solomon

Simon Hemsley, Partner

[email protected]
+44 7957 340534

Email Simon

Mike Callow, Partner

[email protected]
+44 7894 594 500

Email Mike