Wednesday 8 February 2012

What's that coming over the hill, is it a monster?

So, the proposed Misys/Temenos merger...If it were to go ahead, it would create a banking software behemoth, one of the leading companies in the financial services software industry or, if you will, a fintech monster.

But will it happen? The UK banking software outfit does appear to be edging closer to a merger with its Swiss rival, with the latter issuing a statement yesterday saying the two had reached agreement on several important items (more of that at the above link). But that hasn't stopped industry tongues from wagging, with speculation that Fidelity National Information Services (FIS) could come back to Misys with an improved offer. You'll remember that last August, Misys failed to reach a deal to be taken over by FIS. The US group walked away after its bid was said to be too low, but what price a last minute return to the fray?

Place your bets please...

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