Eagleye Asset Management Compliance Software Acquired By Misys
Misys plc has acquired Eagleye Solutions, a supplier of compliance software for the asset management industry. Misys will pay a total consideration of up to £15m over a three year period for the acquisition. The acquisition expands the Misys Asset Management Systems’ presence in middle and front office applications for the tier one international asset management sector. The Eagleye management team includes executive Chairman Andrew Brown, formerly Joint Chief Executive of Gartmore Investment Management plc, and Managing Director Stephen Oxenbridge. A number of large prospects have indicated substantial interest in working with Eagleye. Eagleye will relocate to the Misys Asset Management Systems headquarters in London, Finsgate. Through the acquisition, Misys Asset Management Systems will enable asset managers to check and confirm pre and post trade positions in real time, preventing possible manual errors and breaches of client mandates, institutional rules and Government regulations.