Vista Could Offer $1.9 Billion in Cash for Misys

What's Next In Payments®
2:42 PM EST 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.

Also by This Author
What's Hot
Hackers Cracked Into Natural Grocers’ Registers
Mobile Commerce
Ingenico Launches NFC mPOS Solution
Mobile Commerce
US Bank Joins List Of Samsung Pay Backers
Merchant Innovation
Visa Partnerships Bring In-Car Purchase Experience
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
Madison Logic Buys B2B Ad Network
B2B Payments
Cash Flow Management for the 21st Century
B2B Payments
When The B2C E-Commerce Business Model Meets B2B Demand
B2B Payments
CDFI Network Targets Women, Minorities for SME Loans
View All Articles ››