25 March 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Misys and Temenos in merger talks

03 February 2012  |  9615 views  |  0 handshake

UK core banking vendor Misys has confirmed that it has begun talks with Swiss rival Temenos about a possible all share merger.

In a statement, Misys - which has long been the subject of market rumours - confirms "preliminary discussions" with Temenos about a "possible strategic combination".

"Discussions are continuing and there can be no certainty that a transaction will ultimately take place, nor as to the terms on which any transaction might be constituted," cautions the statement.

In its own statement, Temenos says it is "constantly evaluating its strategic options" and that "no decisions have been taken".

Having seen its shares rise steeply in recent weeks, Misys' price was unmoved by the latest news, down 0.1% to 325.4 pence per share in morning trading. In contrast, Temenos shares were up 9.01% to CHF18.75.

Misys has long been touted as a merger or takeover target, with a £1.4 billion cash offer from US giant FIS falling through in August. Last week, the UK vendor admitted it had experienced a 'challenging' first six months trading, thanks to a slowdown in sales in Western Europe.

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

Misys to strip £8 million from costs as sales slow in Europe

Misys to strip £8 million from costs as sales slow in Europe

26 January 2012  |  6277 views  |  0 comments
Misys executive pay under shareholder spotlight

Misys executive pay under shareholder spotlight

10 October 2011  |  6987 views  |  0 comments
FIS takeover of Misys falls through

FIS takeover of Misys falls through

04 August 2011  |  9850 views  |  0 comments
Misys shares rise as FIS deal nears

Misys shares rise as FIS deal nears

20 July 2011  |  9121 views  |  0 comments
Temenos profit warning weakens Misys

Temenos profit warning weakens Misys

15 July 2011  |  11769 views  |  0 comments
FIS confirms cash offer for Misys

FIS confirms cash offer for Misys

23 June 2011  |  10789 views  |  0 comments
Viveo workers win Temenos case

Viveo workers win Temenos case

16 May 2011  |  15182 views  |  0 comments
Temenos partners Wipro on core banking ASP offering; posts Q1 loss

Temenos partners Wipro on core banking ASP offering; posts Q1 loss

20 April 2011  |  11274 views  |  0 comments
Temenos gets new CEO; posts FY results

Temenos gets new CEO; posts FY results

17 February 2011  |  11754 views  |  0 comments
Misys agrees £375m Sophis acquisition

Misys agrees £375m Sophis acquisition

12 November 2010  |  13182 views  |  0 comments
Temenos cost-cutting takes bite out of revenue dip

Temenos cost-cutting takes bite out of revenue dip

03 August 2009  |  6080 views  |  0 comments

Related company news

 
Visit capgemini.comvisit abe-eba.eu

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57190 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8956 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8672 views comments | 23 tweets | 37 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7115 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
7071 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job