Misys Confirms Approach from Vista Equity Partners

Misys, the British banking software company that is in talks about merging with its Swiss peer Temenos, received a rival approach from Vista Equity Partners, Reuters reported Monday. The Financial Times had earlier on Monday reported that the private equity firm was lining up a 1.2 billion pounds ($1.9 billion) bid for the British company.

(Reuters) – Misys, the British banking software company that is in talks about merging with its Swiss peer Temenos, said on Monday it had received a rival approach from Vista Equity Partners.

The Financial Times had earlier on Monday reported that the private equity firm was lining up a 1.2 billion pounds ($1.9 billion) bid for the British company.

Shares in Misys were 8.3 percent higher at 335 pence at 1252 GMT.

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