Misys reports marketing partnership with HCL Technologies

Misys reports marketing partnership with HCL Technologies

UK banking systems vendor Misys says it is targeting the high growth emerging markets of India, Singapore and Malaysia through a joint marketing deal with Indian outsourcing firm HCL Technologies.

Under the deal, Misys will be the Indian vendor's preferred banking software partner. The two firms will jointly market the UK vendor's banking and treasury and capital markets products - including Opics, Trade Innovation, Summit and Trade Portal - in all three countries.

The firms will also partner to build a centre in India to house professionals and technical tools for upgrading clients to the latest versions of Misys software.

Commenting on the move, Misys chief executive, Mike Lawrie, says: "This is another step in the re-building of Misys to deliver value for our customers in a faster and more efficient way.

"Partnering with HCL, who have an unrivalled track record and are clear leaders in their field, provides a significant opportunity to leverage their skills and proven expertise to gain access to one of the world's great growth economies. The upgrade solution centre and flexible development resource will enable us to move more quickly and deliver greater value for customers and shareholders."

Misys says that it is establishing a flexible, global sourcing model which relies on the expertise and capabilities of strategic development partners like HCL.

The UK firm recently embarked on a turnaround programme - which includes the creation of an open source division headed by former IBM executive Bob Barthelmes - as it looks to boost its business by increasing revenues from consulting and maintenance.

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