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
B2B Payments
Alaska Cuts Off Medicaid Payments To Anchorage Health Service
News
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
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
B2B Payments
Alaska Cuts Off Medicaid Payments To Anchorage Health Service
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple-Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››