20 October 2017

Misys buys Germany's Intesio for EUR10m

14 February 2006  |  6414 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  |  7414 views  |  0 comments
Misys restructures banking systems business

Misys restructures banking systems business

26 January 2006  |  9427 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  |  4186 views  |  0 comments
Misys Banking chief Martin steps down

Misys Banking chief Martin steps down

20 December 2005  |  13059 views  |  0 comments
Misys splits chairman/CEO role

Misys splits chairman/CEO role

03 November 2005  |  7759 views  |  0 comments
Misys shareholders demand answers for poor performance

Misys shareholders demand answers for poor performance

30 September 2005  |  9985 views  |  0 comments
Misys acquires banking risk management firm Almonde

Misys acquires banking risk management firm Almonde

08 July 2005  |  13494 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.capgemini.comvisit www.innotribe.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15945 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
9044 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8192 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7209 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6390 views comments | 10 tweets | 21 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job