Head Office: One Kingdom Street, Paddington, London, W2 6BL, UK Tel: +44 (0) 20 3320 5000 Other Offices: Australia, Austria, Bahrain, Brazil, Canada, Chile, China, Colombia, Ecuador, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Netherlands, Philippines, Poland, Portugal, Romania, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, UAE, UK, US, Vietnam Website:
www.misys.com Twitter: @MisysFS Contact: Edward Taylor Email:
edward.taylor@misys.com Founded: 1979 Ownership: Majority owned by Vista Equity Partners Number of staff: Approximately 5000 (total Group staff) Number of clients: More than 1300 financial institutions Principal partners: Everis, HCL, IBM, Microsoft, Oracle Payments products: Misys Payment Portal, Misys Cash Portal, Misys Payment Manager Categories: Message routing, retail payment processing, wholesale payment processing, cash management
Summary history 1998
1999
September – Misys unveils Meridien Middleware, a middleware offering for interfacing between its own systems and between those systems and third-party ones.
There are 20 takers of Meridien Middleware by the start of the year, including Unibank in Denmark, Belgian Bank in Hong Kong, NordLB in Singapore, Bank of East Asia Singapore, United Bulgarian Bank, BIG Bank and ABN Amro. All used it with other Misys applications.
1999 Misys adds Meridien Link, touted as a generic messaging system, built on top of Meridien Middleware. This was initially for Equation, with links to Swift. It went live in September 1999 at Equation user, US Bancorp in Minneapolis. As well as support for all Swift message types, Misys claimed to have added exception processing facilities, bulk file processing and release, improved reporting and query support. It was subsequently integrated with Swift’s Accord matching service.
2005 2008
Misys moves Meridian Middleware and the messaging component, now Misys Message Manager, to Java.
September – Misys signs a partnership whereby it intends to offer Dovetail’s payments platform, initially for SEPA Direct Debits (SDDs), plus as a gateway for Fedwire and Chips in the US. Existing Misys partner, HCL, was expected to provide payment related services. The Dovetail solution would be pre-integrated with Misys’ banking systems, including Bankfusion Universal Banking System, and Message Manager. Misys claimed to already support SEPA Credit Transfers (SCTs).
2011 2012
2012 2017
June – FIS confirms Misys is an acquisition target. Although Misys ultimately rejects the advances of this suitor and ends discussions, almost a year of uncertainty follows as competing venture capitalists pursue the vendor and a merger with Temenos at one point also looks likely.
April – Vista Equity Partners receives overwhelming approval from Misys shareholders to acquire the company, despite the price of 350 pence per share being lower than the earlier offer from FIS. The new owner sought to unite the businesses of Misys and its other recent acquisition in the banking software space, Turaz, bought from Thomson Reuters earlier in the year.
June – Vista Equity Partners confirms the unified branding of Misys and Turaz is Misys, with the Turaz brand disappearing after just four months in existence.
Vista Equity Partners announced the acquisition of D+H and its subsequent planned merger with Misys to form a new financial services technology company called Finastra.
206 Payment Systems & Suppliers Report |
www.ibsintelligence.com
company details
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