Finastra is a
financial software company
headquartered in
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
,
England
England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...
.
[Finastra Limited: Company number FC034398]
Companies House. Accessed August 2021. The company sells to the retail banking, transaction banking, lending, and treasury capital markets. Finastra was formed in 2017 by the combination of London-based Misys, a provider of financial operations software, and global payments and lending technology provider
D+H. At the time of its formation, Finastra was considered the third-largest financial services technology company in the world.
Misys history
1970 to 2000
The company was founded by Roger Morgan and Kevin Lomax as Misys to develop insurance software.
In 1997, it bought Medic Computer Systems, a healthcare software business.
2000 to present
In June 2001, Misys bought ''DBS Management'', a supplier of software to Independent Financial Advisors.
In June 2001, Misys bought
Sunquest Information Systems, a United States-based supplier of medical systems software.
In January 2004, Misys bought ''IQ Financial Systems'' from
Deutsche Bank.
In July 2005, Misys, bought ''Almonde''.
In February 2006, Misys bought ''Intesio''.
In March 2006, Misys bought ''NEOMAlogic''.
Mike Lawrie was appointed CEO in October 2006.
In July 2007, Misys sold its diagnostic information software division to
Vista Equity Partners.
In October 2008, Misys' subsidiary, Misys Healthcare, was merged with
Allscripts, a medical records business, to become ''Allscripts-Misys Healthcare Solutions, Inc.''
In November 2010, Misys bought
Sophis, a provider of portfolio and risk management software.
In February 2012, Misys entered into merger talks with its
Swiss
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* the adjectival form of Switzerland
* Swiss people
Swiss may also refer to: Places
* Swiss, Missouri
* Swiss, North Carolina
* Swiss, West Virginia
* Swiss, Wisconsin
Other uses
* Swiss Café, an old café located ...
rival
Temenos. The deal later collapsed when the two sides were unable to agree to terms.
In March 2012, private equity firm
Vista Equity Partners announced that it had reached an agreement to acquire Misys.
In June 2012, upon the completion of the acquisition by Vista Equity Partners, Misys was merged with Turaz, another acquisition of Vista. Turaz was formerly the treasury and risk management software division of
Thomson Reuters.
In February 2014, Misys bought
Hungary
Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...
-based IND Group, a supplier of online and mobile banking software.
In August 2014, Misys bought Custom Credit Systems, a US-based supplier of credit workflow and loan origination software.
In March 2017,
D+H announced that it would be acquired by Vista Equity Partners and combined with Misys
In June 2017, the merger with D+H was completed, and the company was rebranded as Finastra
In January 2018, Finastra acquired Olfa Soft for its FX e-trading platform for financial institutions.
In April 2018, Finastra launched an innovation lab in Hong Kong to enable collaboration between banks and other fintech companies.
In June 2018, Finastra announced it acquired Malauzai (
Austin, Texas
Austin ( ) is the List of capitals in the United States, capital city of the U.S. state of Texas. It is the county seat and most populous city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and W ...
), a provider of mobile and internet banking solutions for community financial institutions.
[Finastra Acquires Mobile Banking Provider Malauzai](_blank)
/ref>
In June 2018, Finastra, launched FusionFabric.cloud, an open platform to develop apps, connect ecosystems and foster collaboration between banks and fintechs.
D+H History
Following a series of acquisitions starting in 2005, D+H shifted its business to providing financial technology services worldwide.
References
{{Authority control
Companies formerly listed on the London Stock Exchange
Software companies of the United Kingdom
Companies based in the City of Westminster
Software companies established in 1979
Financial software companies
Banking software companies
Financial technology companies
1979 establishments in England
British brands