Earlier in the week Misys confirmed a preliminary takeover approach and the bidder has now been revealed.
It's US financial technology provider, Fidelity National Information Services Inc (FIS), which issued the following statement on Thursday: "FIS notes the announcement made by Misys on 21 June 2011 and confirms that it has made a preliminary approach regarding a possible cash offer for Misys."
The UK supplier of software to banks, fund managers and traders has a customer base which includes the world's top 50 banks. It's believed that a a bid of 450p a share is provisionally on the table, valuing the company at about $1.5 billion.
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