Symphony's Strong Technical Expertise and Vertical Experience a Perfect Fit with Misys' Development Agenda
Palo Alto, Calif. and London - January 14, 2008 - Symphony Services, the leader in global product engineering services, today announced that Misys plc (FTSE: MSY.L), the global application software and services company, selected Symphony as a strategic development partner to strengthen its product development capabilities within the context of Misys' flexible sourcing model for development. The companies will work together to improve flexibility, efficiency and time-to-market.
Symphony's product development focus, financial services experience and technical expertise-including SOA development, quality assurance/testing and user interface design-will help Misys continue to provide its customers with innovative solutions. The Misys BankFusion platform, which enables banks to reduce complexity and costs while satisfying regulatory requirements, improve customer/partner collaboration while increasing revenue, is the first of several initiatives that Symphony will work on with Misys as part of an initial 5-year relationship, continuing Misys' strategy of speeding new, innovative solutions to market through collaborative, winning partnerships. The Symphony product engineering team will operate in concert with Misys' internal development team across the Company, collaborating with staff in India and the UK.
"At Misys we have created a flexible sourcing model for development globally so that we can deliver solutions to our customers quickly and efficiently," said Cory Eaves, EVP, CTO & CIO, Misys plc. "In 2008, we will deliver the first true SOA-based banking solution in the marketplace, providing our customers the ability to respond rapidly to changes in their business and the wider market. We selected Symphony for this strategic work, as the company has a history of success and was a perfect match for our particular development needs. We expect that the relationship will broaden over time."
"Financial services and banking organizations are facing an increasing amount of competitive pressure and operating challenges, such as the need to balance increased demand for new products with the reality of fewer resources," added Gordon Brooks, president and CEO of Symphony Services. "Our industry-and-technology-specific expertise will help Misys accelerate time-to-market and realize process improvements-so it can continue to deliver winning solutions faster and more efficiently."
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success. In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 100,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries. We aspire to be the world's best application software and services company, delivering results for the most important industries in the world. Misys: Experience, Solutions, Results. Contact us today, visit: www.misys.com.
About Symphony Services
Symphony Services is a global provider of product engineering outsourcing services dedicated to helping clients compress time to market, achieve higher innovation yields and improve productivity to increase the value from their R&D investments. From strategic and operational consulting guidance to complete product lifecycle capabilities, the company is distinguished by a singular focus on product development and collaborative, end-to-end solutions. Symphony brings domain expertise and deep commercial-grade software and embedded real-time systems capabilities to its partnerships with software vendors, software-enabled businesses and companies whose products contain embedded software. Symphony Services is headquartered in Palo Alto, Calif., with offices in North America, Europe and delivery centers in India and China. For more information, please visit www.symphonyservices.com, e-mail us at info@symphonysv.com or call Heather Dalloul, director, business development at 1.650.935.9534.
Copyright © 2008 Symphony Service Corp. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.
U.S. Contact:
Jeff Drew
fama PR
+1.617.758.4145
jdrew@famapr.com
UK Contact:
David Carpini
Symphony Services
+44.0.207.426.1778
dcarpini@symphonysv.com
India Contact:
Sonal Singh
Symphony Services
+91.80.30271772
sonal.singh@symphonysv.com
