Misys has confirmed a takeover approach from Vista Equity Partners.
The announcement comes as the UK banking software outfit is in merger talks with Swiss rival Temenos. In a Stock Exchange statement, it says that it has "received an approach from Vista Equity Partners consisting of a non-binding indicative proposal to acquire the entire outstanding share capital of Misys for cash that may or may not lead to an offer being made.”
The statement came in response to rumours that Vista had offered £1.2 billion for the company. Misys's biggest shareholder, Value Act, has thrown its weight behind the Temenos deal, but it is believed that other shareholders are still weighing up their options.
Latest News
-
UK court confirms shutdown of payments firm over crime concerns
-
Visa and OpenAI partner to enable secure agentic AI payments
-
Citi hires new MD for consumer and retail investment
-
Rabobank, ING, Credit Agricole ‘consider stake in Belgium-owned bank’
-
Visa and Mastercard win preliminary approval for $38bn swipe fee settlement
-
UK watchdog investigates auditors linked to collapsed lender MFS
Creating value together: Strategic partnerships in the age of GCCs
As Global Capability Centres reshape the financial services landscape, one question stands out: how do leading banks balance in-house innovation with strategic partnerships to drive real transformation?
Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Building unshakeable operational resilience in financial services
In today's rapidly evolving financial landscape, operational resilience has become a critical focus for institutions worldwide. As regulatory requirements grow more complex and cyber threats, particularly ransomware, become increasingly sophisticated, financial services providers must adapt and strengthen their defences. The intersection of compliance, technology, and security presents both challenges and opportunities.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories