LONDON, June 1, 2012 /PRNewswire/ --
Two market
leaders combine to provide the largest and most comprehensive suite
of capital markets and banking solutions in the industry
Today Vista Equity Partners announced it has completed its
acquisition of Misys. As part of this acquisition, Misys and Turaz,
the business that includes the Kondor+ product line, are now one
company officially operating as one under the name "Misys".
By combining these two award-winning enterprise software
companies, the new Misys will offer its customers access to an
unrivalled pool of expertise and domain knowledge, in combination
with the most comprehensive portfolio of software solutions
available on the market today. As the trusted provider to
1,800 customers in 120 countries and with the broadest solution
suite available, Misys has the scale and ability to serve
customer's capital markets and banking needs across all geographies
and market segments.
The new Misys is uniquely positioned to help customers address
the complex problems that banks and financial institutions
encounter across the entire breadth and depth of their banking and
trading book. Leveraging the combined strength of these two
organizations, customers will be able to realise the value of an
extended and aligned solution set, improved customer focus,
increased capabilities, and extended team capacity.
"The financial services industry has gone through considerable
change in the last few years, with growing pressure on financial
institutions to be more transparent, manage risk more effectively
and serve their customers better," states the newly appointed Misys
CEO, Bret Bolin. "Our clients are
focused on making sure their businesses are operating as
efficiently as possible while still maintaining their competitive
edge. Misys is unique in its ability to help banks of all sizes
look at their organisation's most complex problems at both an
enterprise as well as a granular level. By combining Misys
with Turaz the new organisation will stand out from the crowd in
terms of both the breadth and completeness of coverage across
banking, and sell-side and buy-side institutions."
Cubillas Ding, Research Director at Celent, adds, "In an
environment where change is rapid and budgetary constraints are
real, firms that we observe are successful in pushing IT budgets
further and taking costs out of the business are pursuing paths to
consolidate applications, reduce integration costs, and rationalize
supplier relationships in order to drive higher efficiencies and
manage the excessive costs of complexity. Firms that draw on
technology-enabled delivery models, executed in an agile, flexible
and timely manner and have the broadest product footprint across
both the banking and trading book are likely to emerge as early
winners."
About Misys
Misys is at the forefront of the financial software industry,
providing the broadest portfolio of banking, treasury, trading and
risk solutions available on the market. With 1,800 customers in 120
countries our team of domain experts and partners have an
unparalleled ability to address industry requirements at both a
global and local level.
Misys was formed by the merger of Misys with Turaz, which
includes the award-winning Kondor+ product line. Combined
they are able to address all customer requirements across both the
banking and trading book businesses. Misys is the trusted partner
that financial services organisations turn to for help solving
their most complex problems.
Find out more at http://www.misys.com
Find out more at http://www.misys.com
For further information please contact
Edward Taylor
Global Head of Public Relations
Misys
+44(0)20-3320-5530
edward.taylor@misys.com