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1/12/04

BRIEF OBJECTS

MISYS ACQUIRES IQFS FOR $40 MILLION

As TTW went to press, Misys officials announced that the back-office trading software provider has acquired "substantially all of the assets and liabilities" of IQ Financial Systems (IQFS) for $40 million in cash. Misys will roll IQFS into Misys Wholesale Banking Systems, and use the Loan IQ offering of IQFS as a way into the commercial lending segment of the banking software market, officials say. IQFS has headquarters in New York and serves 29 clients, mostly

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