Misys plc, the global software and solutions company, announces today (28 March 2006) that Misys Banking Systems has acquired NEOMAlogic, the award-winning trade finance solutions company for €12m in cash. Headquartered in Paris, NEOMAlogic has successfully developed and marketed its electronic banking trade finance solution, Global Trade Portal, which allows corporate customers of banks to manage all their trade services via the Internet. The product will be re-branded with immediate effect as Misys Trade Portal.
Developed in Java, Misys Trade Portal strengthens Misys Banking Systems’ existing trade services product portfolio with additional functionality enabling users to trade more efficiently. Misys Trade Portal will be sold as an integrated solution with Misys Trade Innovation as well as a stand-alone product. This new solution will provide an upgrade path to a new technology platform for existing customers of Misys Online Banking Trade Edition.
Andrew Hebron, head of product management, international & regional banking, Misys Banking Systems, comments, “NEOMAlogic’s Global Trade Portal is universally recognised as the market-leading product in its class for the international market. Its award-winning product is being used by some of the major banks in the world, including BNP Paribas, Société Générale and Lloyds TSB. Not only does it provide corporates with a highly functional trade finance solution, it also allows banks to create a trade finance community within their client base and integrate into their clients’ daily trade activities. When implemented with Misys Trade Innovation, Misys Trade Portal provides a proven, integrated solution for global trade banks.”
Through this acquisition, Misys Banking Systems is now able to offer the industry the best Internet-based tool available coupled with the leading system for trade services. Banks can now provide a comprehensive end-to-end solution that gives their customers the ability to process trade finance transactions at the same time as giving the customer a full view of all their trade services requirements.
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ANALYST/INVESTOR ENQUIRIES
Alex Dee
Tel: +44 (0) 20 7368 2336
Mob: +44 (0) 7989 017 979
Email: alex.dee@misys.co.uk
MEDIA ENQUIRIES
Susan Cottam Josh Rosenstock
Tel: +44 (0) 20 7368 2305 Tel: +44 (0) 20 7368 2327
Mob: +44 (0) 7957 807 721 Mob: +44 (0) 7921 910 914
Email: susan.cottam@misys.co.uk Email: josh.rosenstock@misys.co.uk
About NEOMAlogic
NEOMAlogic is an electronic solutions provider acting primarily in the field of international trade finance. In-depth technical experience and functional expertise in the field of banking and trade contribute to the design and implementation of best of breed e-commerce solutions for its customers. NEOMAlogic won Euromoney's ’Best Trade Finance Software/Technology Provider Award in 2005’ and The Banker’s ‘Trade Finance Solution of the Year’ in 2003 and 2004.
About Misys plc
Misys plc (FTSE: MSY), the global software company, is one of the world’s largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers’ markets and operational needs. In banking Misys is a market leader with over 1,200 customers, including 49 of the world’s top 50 banks. In healthcare Misys is also a market leader, serving more than 92,000 physicians in 18,000 practice locations, 1,250 hospitals and 600 home care providers. In UK general insurance Misys is the market leader in software solutions. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to about 7,800 financial advisers in the UK. Misys employs over 6,500 people who serve customers in more than 120 countries. For more information, visit www.misys.com
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