Vista Equity Partners has finalised its acquisition of Misys.
The deal now means that Misys and Turaz, the business that includes the Kondor+ product line, are now one company officially operating under the“Misys” brand.
The newly formed Misys is claimed to now give its customers access to a portfolio of software products.
It is also claimed that as a provider to 1,800 customers in 120 countries, the company has the scale and ability to serve customer’s capital markets and banking needs across all geographies and market segments.
Newly appointed Misys CEO, Bret Bolin: said: “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.
“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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