Core Systems

12:22 PM
Connect Directly
RSS
E-Mail
50%
50%

Vista Proposal for Misys Threatens Misys-Temenos Merger Talks

Vista Equity Partners has made a nonbonding proposal to acquire Misys, threatening a possible merger between Temenos and Misys that was announced earlier this month.

San Francisco-based private equity firm Vista Equity Partners has made a nonbonding proposal to acquire London-based financial software vendor Misys. The proposal disrupts merger talks announced earlier this month between Geneva-based banking software provider Temenos and Misys.

Vista is proposing to acquire outstanding shares of Misys for cash but has not yet made a firm offer, which the company must do by March 19. The companies have indicated that they'll make further announcements once the Misys board of directors has had a chance to review the offer and make a recommendation.

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology - August 2014
Modern core systems are emerging as the foundations of effective channel integration and customer engagement initiatives.
Slideshows
Video