Misys Acquires Capital Markets Software Vendor Sophis
Misys has agreed to buy Sophis, a vendor of capital markets software solutions, for an an enterprise value of £375m. The acquisition strengthens Misys’ position as an application software and services provider in the capital markets. Sophis’s buy-side solutions are very complementary to Misys’s sell-side strengths, according to Misys.
Mike Lawrie, Misys chief executive officer (CEO), said: “I am delighted to announce this significant acquisition that progresses Misys further in the leadership phase of its transformation. Today we are creating the leading application software and services provider in capital markets. Sophis’s solutions are highly complementary to our existing treasury and capital markets solutions. We are delighted with the strength of the Sophis management team that will be joining us.”