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Misys up for sale

Misys up for sale

Little know, Singapore state-owned investment fund, Temasek Holdings, is reportedly showing interest in core banking supplier Misys, which has been put up for sale by current owner Vista Equity Partners, according to Sky News.

Temasek, which counts a stake in Markit among its fintech investments, is one of several

A map of the world with ripples of technology coming from it

Temasek plans Misys bid

potential bidders, alongside Canadian pension funds, claims Sky.

Vista acquired Misys in 2012 for £1.27 billion after merger talks between the core banking vendor and Swiss rival Temenos collapsed.

However, in September the PE firm signaled its intent to cash in after agreeing a $4.3 billion deal to acquire business process software firm Tibco.

There has been no comment on any bid from Temasek or Misys.

The post Misys up for sale appeared first on Payments Cards & Mobile.

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