UK banking software outfit Misys has confirmed it is in merger talks with Swiss rival Temenos.
The company said in a statement that it was in “preliminary discussions” with Temenos about a “possible strategic combination to be effected by way of an all-share merger.” In a separate statement, Temenos said it is “evaluating its strategic options” including an all-share combination.
Last August, Misys failed to reach a deal to be taken over by Fidelity National Information Services. If the Temenos merger were to go ahead, it would create a banking software behemoth. Misys had a market value of $1.7 billion, while Temenos was valued at $1.4 billion as of yesterday’s closing prices.














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