Vista Equity Partners acquired 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 enterprise software companies, the new Misys will offer its customers access to a pool of expertise and domain knowledge, in combination with the a comprehensive portfolio of software solutions. As the 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 positioned to help customers address the complex problems that banks and financial institutions encounter across their banking and trading book. Leveraging the combined strength of these two organizations, customers will be able to realize 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,” says the newly appointed Misys CEO, Bret Bolin.

 

 

[This article was posted on June 12, 2012, on the website of ABA Banking Journal, www.ababj.com.]        

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