Misys and Canada-based D+H Financial Technologies have announced the completion of a merger between the two firms, creating new software vendor, Finastra.
Finastra’s capital markets and investment management solution portfolio will focused on core products developed by Misys, including its flagship risk and portfolio management and multi-asset trading systems, FusionCapital, FusionInvest and FusionRisk. The vendor’s offering will be bolstered by D+H’s stable of lending and payment technology tools.
The new company will be headquartered in London, with a North American base located in Toronto, and will be led by incumbent Misys chief executive, Nadeem Syed.
“By coming together as Finastra, we are committed to enhancing our ability to deliver market-leading products and services, and to being an even more strategic partner to our customers,” said Syed. “We will build momentum, delivering innovative and transformational products and exceptional service.”
The merger between Misys and D+H was first announced in March this year, after Vista Equity Partners, owner of Misys, announced a $2 billion deal to acquire the Canadian software house with the intent to merge the two entities.
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails