Vista Could Offer $1.9 Billion in Cash for Misys

What's Next In Payments®
2:42 PM EDT February 20th, 2012

Vista Equity Partners may offer nearly $2 billion in cash to acquire Misys Plc, a week after the financial software developer tentatively agreed to merge with a different company.

On Feb. 7, Reuters reported that Misys and Temenos Group AG had agreed “on several key terms” of a merger deal. Such a deal would have created the world’s largest vendor of banking software, Bloomberg wrote.

Then early on Monday, Misys said it had received a “non-binding proposal” from San Francisco-based Vista, wherein Vista proposed to acquire all of Misys’ outstanding shares for cash.

Vista later said it would wait for a recommendation from Misys’ board, as well as the completion of its own due diligence, before sending out an official offer. The Financial Times has said Vista may end up offering $1.9 billion in cash to complete a deal.

Comments
Also by This Author
What's Hot
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Apple Pay Tracker
USA Today Compares MCX To The Three Stooges. Unfavorably
Apple Pay Tracker
Apple Pay Faceoff
International
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
View All Articles ››