Misys and D+H join forces
June 15, 2017

Misys and D+H say they have joined forces to create Finastra, a global financial software provider which they say is unmatched in terms of depth and breadth of solutions. Operating under the new company name (www.finastra.com), the combination will create the third-largest financial services technology company in the world, they say.

The company has approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks globally. This follows the acquisition of D+H by Vista Equity Partners, which already owns Misys, creating a merger of two highly complementary financial technology providers.

Finastra will be led by Nadeem Syed in the role of Chief Executive Officer. Syed was previously CEO of Misys and has over 27 years of experience leading global technology companies through transformation and growth. The company has US$2.1 billion in revenues and has offices in 42 countries around the world. It will be headquartered in London, UK, maintaining North American headquarters in Toronto, Canada.

Finastra says it offers the broadest set of retail banking, transaction banking, lending, and treasury and capital markets software capabilities available in the world. The company's open architecture and approach enable financial institutions to harness the power of software ecosystems and will be delivered on premises, hosted or via the cloud.

Hardly was the ink dry on the non-vellum announcement than Finastra was saying that it and IBM have reached an agreement to explore how the two companies can help customers transform banking operations with IBM Cloud and Cognitive technologies. Finastra and IBM say they plan to bring IBM technology into the Finastra open architecture to enrich the digital retail banking experience and bring new innovations to market.

Finastra intends to run its FusionBanking Essence core and digital solution on IBM Cloud. The companies will also work towards collaborating on both a financial crime and a blockchain-based offering.

"More than a simple sales agreement, this pairing brings a new dimension to our relationship with IBM and creates an opportunity to build a platform for the banks of today and tomorrow," said Nadeem Syed.





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Misys and D+H say they have joined forces to create Finastra, a global financial software provider which they say is unmatched in terms of depth and breadth of solutions. Operating under the new company name (www.finastra.com), the combination will create the third-largest financial services technology company in the world, they say.

The company has approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks globally. This follows the acquisition of D+H by Vista Equity Partners, which already owns Misys, creating a merger of two highly complementary financial technology providers.

Finastra will be led by Nadeem Syed in the role of Chief Executive Officer. Syed was previously CEO of Misys and has over 27 years of experience leading global technology companies through transformation and growth. The company has US$2.1 billion in revenues and has offices in 42 countries around the world. It will be headquartered in London, UK, maintaining North American headquarters in Toronto, Canada.

Finastra says it offers the broadest set of retail banking, transaction banking, lending, and treasury and capital markets software capabilities available in the world. The company's open architecture and approach enable financial institutions to harness the power of software ecosystems and will be delivered on premises, hosted or via the cloud.

Hardly was the ink dry on the non-vellum announcement than Finastra was saying that it and IBM have reached an agreement to explore how the two companies can help customers transform banking operations with IBM Cloud and Cognitive technologies. Finastra and IBM say they plan to bring IBM technology into the Finastra open architecture to enrich the digital retail banking experience and bring new innovations to market.

Finastra intends to run its FusionBanking Essence core and digital solution on IBM Cloud. The companies will also work towards collaborating on both a financial crime and a blockchain-based offering.

"More than a simple sales agreement, this pairing brings a new dimension to our relationship with IBM and creates an opportunity to build a platform for the banks of today and tomorrow," said Nadeem Syed.



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