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Midas-Kapiti International announces a change of identity

London, 1st October 2001. Misys International Banking Systems is the new brand name adopted by the premier supplier of solutions to the banking and financial services industry. The new identity follows the extensive re-branding exercise undertaken by the company, better known previously as Midas-Kapiti International (MKI). MKIRisk, together with sister companies MKI Frustum and the Credo Group will also be unified under the new Misys International Banking Systems brand name.

John Fry, Chief Executive of Misys International Banking Systems, explains, "Our intention is to ensure that the Misys brand name becomes synonymous with the provision of leading-edge solutions. The new brand recognises that we are a significant member of the Misys Group of companies, which is now a formidable force in the I.T. sector."

"Our parent company, Misys plc, has established an enviable reputation as a supplier of leading-edge technology and we intend to continue that tradition," he continues. "To realise this objective, we must build on our existing strengths and forge strong partnerships between ourselves and our customers. Our vision is to deliver outstanding solutions that will empower our customers and enable them to achieve their business objectives."

Building on the global presence and financial strength of MKI as it was formerly known, Misys International Banking Systems will continue to leverage the unique blend of business sector knowledge and I.T. expertise available within the organisation. Passion and a determination to succeed, allied to a new openness and focus on customer relationships, are the cornerstones of the company’s new identity.

John Fry sums up by saying, "We are determined to demonstrate our commitment to this ideal by fostering close partnerships with our clients. We want to ensure that they benefit from the advantages offered by the company’s financial strength, its ongoing investment in product development and its global presence."