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Innovation in Financial Services

Innovation in Financial Services

A discussion of trends in innovation management within financial institutions, and the key processes, technology and cultural shifts driving innovation.

It's done: Temenos and Misys will become Mysemenos

08 February 2012  |  4456 views  |  0

According to Reuters, Temenos and its UK competitor Misys said on Tuesday had agreed to a number of key terms on a possible all-share merger that could create one of the world's largest standalone financial software companies.

Few hours ago, a Tweeter announced that the major stakeholder of Misys agreed to the terms.

The exchange ratio will be 4.1 Misys shares to 1 Temenos share, leaving Misys shareholders with 53.9 percent of the combined group and Temenos shareholders with 46.1 percent after accounting for options outstanding but excluding Misys' convertible bond.

To be followed closely

 

TagsWholesale bankingWholesale banking

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