Vendor profile:Misys Head Office: London, UK
Ownership: Visa Equity Partners Founded: 1979 Number of staff: 5,000 Number of known sites for Fusionbanking LoanIQ: 100+ Example clients: • ANZ • BNP Paribas • Commerzbank • HSBC
• ING Bank • National Australia Bank (NAB) • RBS • SEB • TD Bank • UBS • Westpac
Company overview
Misys has undergone major corporate change in the last few years. Following a period of much needed stability under CEO Mike Lawrie, a number of twists culminated in the arrival of venture capital company, Vista Equity Partners with a £1.3 billion offer. The deal closed in June 2012 and Lawrie departed at the same time.
In its current shape and form, Misys also includes the Thomson Reuters-derived trade, risk, treasury and capital markets (TCM) software business. The business was acquired by Vista Equity Partners in 2011 and was briefly known as Turaz. It was then merged with Misys.
Misys now owns a broad portfolio of systems (including the systems that were once competing with each other), nearly all of them gained via mergers and acquisitions.
It has a range of core banking software offerings, under the FusionBanking brand, a range of TCM products under the FusionCapital brand, plus a host of other systems, such as for risk, front-end banking, trade finance etc.
Fusionbanking LoanIQ is one of the two key software offerings in the syndicated lending space (the other one being FIS’s ACBS system).
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Core Banking Systems Case Studies: North America
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