The Carlyle Group, Investcorp Technology Ventures, ABS Ventures and Norsk Vekst Announce Sale of Trema

London - The four largest shareholders in Trema, The Carlyle Group, Investcorp, ABS Ventures and Norks Vekst announced today the sale of Trema to Wall Street Systems, a portfolio company of Warburg Pincus. Terms of the transaction were not disclosed.

Trema is a leading provider of treasury and asset management software to corporations and financial institutions worldwide. Trema’s deep domain knowledge in treasury and award winning products are setting new standards for the industry by providing measurable value to its clients. Trema offers two distinct solutions tailored to respond to the varied needs of today’s treasuries. TremaSuite™ is a versatile treasury and asset management suite aimed at global and advanced treasuries that supports the widest range of instruments and functions, in a single integrated, yet open and modular system. It delivers unprecedented ROI by providing companies with immediate visibility and control, and easy compliance throughout the enterprise. TremaOne™ is a solution for mid-sized corporate treasuries that is quick to install, easy to use and maintain, and delivers best practice in one cost effective package.

Wolfgang Hanrieder, Managing Director, The Carlyle Group, and former Chairman of the Board of Trema, said, "We are very proud of having supported the development of Trema during the last four years. We believe that the Trema management team, led by Michele Fitzpatrick did an outstanding job in creating a leading provider of solutions to the financial industry. We are very confident that the combination of Trema with Wall Street Systems will create a new powerhouse in the industry."

The Carlyle Group first invested in Trema through its Carlyle Europe Venture Partners (CEVP) fund in 2002. This exit represents the fifth successful exit from the fund over the past two years. CEVP sold Egencia, the online business travel service, in 2004 to IAC/InteractiveCorp, Apama, the real-time analytics software company to Progress Software in April 2005, Inmedia, the media transmission and broadcast company to Arqiva in July 2005, and Orthogon Systems, the fixed wireless equipment provider to Motorola in April 2006.