More NewsMisys Holds Merger Talks with Rival Temenos

Misys Holds Merger Talks with Rival Temenos

Banking software firm Misys has confirmed in a short statement that it is in preliminary discussions with Swiss rival Temenos about a possible US$2bn all share merger. The announcement follows speculation that Misys would look for a partner after a proposed deal with Fidelity National Information Services (FIS) collapsed in August 2011, the latest in a long line of failed takeovers.

“Discussions are continuing and there can be no certainty that a transaction will ultimately take place, nor as to the terms on which any transaction might be constituted,” read the Misys online statement. The company did not respond to a request to confirm or deny speculation that the link up was already a done deal.

A statement by Temenos in response to claims in the Saturday Guardian and other newspapers over the weekend that the deal has been concluded bar the signing read: “Temenos notes the announcement made by Misys and confirms that it is constantly evaluating its strategic options. Such processes currently include a possible strategic combination with Misys to be effected by way of an all share merger. Discussions are at an early stage and no decisions have been taken.”

Market reaction has been sceptical to the prospect of a US$2bn deal between Misys and Temenos, suggesting a tie-up could be a quick fix to tackle weak demand rather than making long-term strategic sense.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi