Vista Equity Partners 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 enterprise software companies, the new Misys will offer its customers access to a pool of expertise and domain knowledge, in combination with a portfolio of software solutions. As the trusted provider to 1,800 customers in 120 countries and with a broad solution suite, Misys has the scale and ability to serve customer’s capital markets and banking needs across all geographies and market segments.
“The financial services industry has gone through considerable change in the past few years, with growing pressure on financial institutions to be more transparent, manage risk more effectively and serve their customers better,” said the newly appointed Misys chief executive officer (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.”
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