Misys embeds IBM data management software in banking products
22 May 2008 | 3440 views | 0
Misys plc (FTSE: MSY.L) today announced an original equipment manufacturer (OEM) agreement with IBM (NYSE: IBM), under which Misys will embed IBM DB2 data server, IBM Global Naming Recognition (GNR) and IBM WebSphere Application Server (WAS) software in a selection of its banking solutions.
The collaboration will help banks speed up implementations whilst reducing complexities.
Under the agreement, Misys will invest resources to deliver versions of Misys Trade Portal, Misys Trade Innovation, Misys Message Manager and Misys BankFusion Universal Banking, which will be pre-integrated and optimized with DB2 and WAS. In addition, IBM's GNR software will be integrated into Misys BankFusion Universal Banking.
"A key part of our strategy is to build winning partnerships that add value to our customers. We have enjoyed a long-standing alliance with IBM and this agreement cements that relationship further. Our customers choose to use a variety of platforms for their solutions and we continue to support them in that choice," said Guy Warren, EVP and General Manager of Misys Banking. "For customers who want IBM's data management tools, we are making it easier for them by making available pre-integrated, optimized versions of our banking solutions, making it faster to implement and reducing the number of vendor relationships they need."
"Today's business environment demands banking institutions to use the tools that will help them make insightful business decisions to help serve their customers more effectively," said Rob Thomas, vice president, IBM Information Management. "Our collaboration with Misys demonstrates our commitment to help clients unlock the value of key business data which is what IBM's Information on Demand strategy is all about."
The partnership extends the long running technical collaboration between Misys and IBM around the Midas and Equation applications into Misys' next generation of banking solutions.