Home / Sophis acquisition will help crack equities, says Misys
Sophis acquisition will help crack equities, says Misys
Software company Misys is to acquire Sophis, a capital markets software vendor, in a deal valued at £375m.
The deal is
expected to be completed by the end of February
"Sophis’s solutions will complement Misys'
existing treasury and capital markets solutions," Denny
Dewnarain, Misys Summit’s deputy MD for
continental Europe, told FOW. "Misys products are more sell
side-focused and Sophis on the buy side, so going forward the
acquisition will be beneficial.
"Misys Summit is
known very well for interest rate derivatives, fixed income
market, credit derivatives. Sophis is well known in the equity
market, equity derivatives and convertibles and commodities,"