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Misys sees strong growth in first year as private company

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Misys saw growth of around 30 per cent in software licence revenue in its first year as a private company. The first financial year since the new ownership has resulted in a focus on innovation, quality and improving customer experience.

Misys has launched many brand new solutions, including Misys Global Risk, providing customers with a new approach to achieving global risk transparency across their banking and trading businesses.

Over the last 12 months the company has refreshed its product portfolio with major new product releases across its capital markets, banking, lending, risk management and buy-side solutions and has been recognised for its innovation in seven additional industry awards. Misys has seen traction on all aspects of its business with key customers like ABSA, Arcade Capital, ING, London Diversified Fund Management and SAIB signing up for new or expanded relationships across lending, core banking, transaction banking, enterprise risk, buy-side and capital markets.
 
To continue this momentum Nadeem Syed has taken over the role of chief executive officer from Bret Bolin. Syed joined Misys in June 2012 as president and chief operating officer and has been at the heart of the company’s transformation since its acquisition by Vista and merger with Turaz. He will lead Misys into its next phase of growth, continuing the focus on innovation and exceeding the needs of the customers.
 
Bolin is being promoted into the role of executive chairman, and will continue to sit on the Misys board of directors. He will be closely involved in the strategic direction of the company and on-going customer relationships.
 
“Over the past 12 months we have grown the software licence revenue and operating performance of the business by around 30 per cent and 95 per cent, respectively,” says Bolin. “This strong foundation sets us up well for future success and we are confident of maintaining that trajectory. I am pleased to hand over to Nadeem and am confident that he will build on this great first year as a privately-owned company to reinforce our leadership in international financial technology software.”
 
Misys has appointed Amanda Mesler as chief operating officer, who joins the leadership team today and will be responsible for the services and support organisation. Mesler joins from CGI (formerly Logica) where she was part of the executive committee with joint responsibility for the overall operations, CEO business consulting and North America, in charge of the P&L and 4,000 employees.
 
Syed says: “I am delighted to welcome Amanda to the team. Her extensive international leadership and management experience at CEO and board level means that she is perfectly positioned to lead our Services and Support organisation into the next phase of development.”
 
Mesler says: “This is an exciting time to join Misys. The company is poised for success with its focus on quality, people and innovation. I look forward to shaping the services and support organisation to respond even more effectively to customer needs as we grow further and introduce new solutions to the market.”

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