Misys and D+H combine as Finastra

Misys and D+H combine as Finastra

Misys and D+H have revealed details of their planned merger, creating a global behemoth in the market for financial software under a new brand name Finastra.

The combination will create the third largest financial services technology company in the world. The company has approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks globally.

The move follows the March acquisition of D+H by Vista Equity Partners, which already owns Misys.

Finastra will be led by Misys CEO Nadeem Syed, who is keen to reassure joint customers that their current investment in technology will be protected.

“Serving all of our customers and partners remains our top priority," says Syed "By coming together as Finastra we are committed to enhancing our ability to deliver market-leading products and services, and to being an even more strategic partner to our customers. We will build momentum, delivering innovative and transformational products and exceptional service. Our mission is to help our customers, whatever their size, wherever they are located,”

The company has $2.1 billion in revenues and has offices in 42 countries around the world. It will be headquartered in London, UK, maintaining North American headquarters in Toronto, Canada.

Comments: (3)

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 15 June, 2017, 12:45Be the first to give this comment the thumbs up 0 likes

Sounds too much like Finextra:) Is there any plan to to "persuade" Finastra to look for another name?

A Finextra member
A Finextra member 16 June, 2017, 09:361 like 1 like

I may start a company and call it Mysis.

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 16 June, 2017, 19:03Be the first to give this comment the thumbs up 0 likes

After Finastra, they may not mind it even if you named your company Misys!

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