• Misys was acquired by US-based Vista Equity Partners (2012)
Company Overview
GENERAL INFO
HQ: London, UK Ownership: Private Founded: 1979 # Known Sites: 108 # Staff: ~5000
Key Clients: Alcatel-Lucent, TD Bank, UBS, Wells Fargo, BNP Paribas, Deutsche Bank
Key Highlights
• LoanIQ is syndicated lending system now residing within Misys’ banking business division; it came along with the acquisition of US-based IQ Financial Systems
• LoanIQ started life as LS2 and was built within Bankers Trust in early 1990s
Product Overview
• Key functionalities supported: Front-to-back commer- cial loan processing solution covering bilateral deals to highly complex syndicated deals, including secondary trading; front-to-back support for commercial loans including trading, origination, sales, syndication, servicing and accounting, and GL
• Post takeover of Vista, the quality of updates im- proved, testing cycles were shortened and number of defects decreased