Misys and Temenos disclose merger talks
Misys and Temenos have confirmed they are in discussions about a potential merger.
Negotiation strategies could be used by Misys, as it has confirmed that it is in preliminary merger talks with Temenos.
The firm noted that discussions are ongoing and it cannot say with any certainty whether or not a deal will occur or what the terms of this may be.
However, it explained the join-up would be a "strategic combination to be effected by way of an all share merger".
More information will be released "in due course", the enterprise added.
Temenos stated it is "constantly evaluating its strategic options", which could involve a combination with Misys.
However, it said discussions are still in early stages and no final decisions have been made.
Misys specialises in application software and services with over 1,300 customers, including the top 50 banks in the world.
Similarly, Temenos provides software systems to a range of banking institutions.
Its headquarters are in Geneva but its clients are in more than 125 countries.
Posted by Ron Maverick
Source: Misys press release, February 3rd