23 August 2017
Visit http://response.ncr.com

Misys buys Germany's Intesio for EUR10m

14 February 2006  |  6346 views  |  0 Misys

UK banking systems vendor Misys has acquired Intesio, a Germany-based provider of multi-channel retail banking technology, for EUR10 million in cash.

Intesio is based in Bad Nauheim and Dresden and supplies front and middle office software components to financial institutions. The Intesio Process Suite (IPS) is a scalable and platform-independent multi-channel system with multi-client ability that allows straight-through processing from the front-end (Internet, call centre, branch, mobile and self service) to the core banking system.

Misys says the acquisition will strengthen its multi-channel retail banking offering. The Intesio software will become part of Misys Enterprise Channel Banking suite, which is part of the the Equation Plus framework.

Clive Pedder, chief operating officer, core banking, Misys Banking Systems, says the vendor has worked closely with Intesio for over two years on joint projects and the acquisition "brings a wealth of expertise".

He says the Misys Enterprise Channel Banking suite will enable banks to "significantly improve their multi-channel integration".

The acquired business is expected to perform close to break even during the remainder of the current financial year as the process of integrating it with the Misys Equation Plus product family is commenced.

Last month Misys said it was restructuring its banking systems business following a 25% decline in first half operating profits. The vendor is merging its retail and wholesale banking operations into a single unit, called Core Banking, in order to meet customer demand for technology that can support both retail and wholesale banking operations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Santander partners with Misys for consumer finance tech project

Santander partners with Misys for consumer finance tech project

31 January 2006  |  7346 views  |  0 comments
Misys restructures banking systems business

Misys restructures banking systems business

26 January 2006  |  9401 views  |  0 comments
Misys signs Banco Portugues de Negocios to risk and compliance package

Misys signs Banco Portugues de Negocios to risk and compliance package

18 January 2006  |  4148 views  |  0 comments
Misys Banking chief Martin steps down

Misys Banking chief Martin steps down

20 December 2005  |  13029 views  |  0 comments
Misys splits chairman/CEO role

Misys splits chairman/CEO role

03 November 2005  |  7703 views  |  0 comments
Misys shareholders demand answers for poor performance

Misys shareholders demand answers for poor performance

30 September 2005  |  9946 views  |  0 comments
Misys acquires banking risk management firm Almonde

Misys acquires banking risk management firm Almonde

08 July 2005  |  13384 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.vasco.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
15609 views comments | 39 tweets | 74 linkedin
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
13069 views comments | 28 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11713 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10909 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10801 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job