Reval Holdings, which provides treasury and risk management on-demand software, withdrew its plans for an initial public offering on Friday citing poor market conditions. The company originally filed for $75 million in March 2012 and last updated its filing in May 2012.
The New York, NY-based company was founded in 1999 and booked $47 million in sales for the 12 months ended March 31, 2012. BofA Merrill Lynch and Stifel were set to be the joint bookrunners on the deal.
