Misys Banking Systems acquires INTESIO, strengthening its multi-channel retail offer

Misys Banking Systems announces today (14th February 2006) that it has acquired INTESIO GmbH, the specialist multi-channel banking solutions company for €10million in cash.

The multi-channel INTESIO software will become part of Misys Enterprise Channel Banking, a component of Misys Equation Plus. Misys Enterprise Channel Banking provides banks with a single point of integration addressing every channel - call centre, internet, ATM/POS, telephone and teller - allowing for rapid software implementation and a consistent view of their customers, whatever channels they choose to use.

“This is a valuable addition to our Equation Plus product family,” said Clive Pedder, Chief Operating Officer, Core Banking, Misys Banking Systems. “Integrated multi-channel banking gives banks the functionality to serve their existing customers better and enables them to access new markets at a lower operating cost. With Misys Enterprise Channel Banking, banks will be able to significantly improve their multi-channel integration.

“We have worked closely with INTESIO for over two years on joint projects and this acquisition brings a wealth of expertise. We are delighted to welcome the talented team into our business.”

This addition to Misys Enterprise Channel Banking is written in Java J2EE, using the same Service Oriented Architecture framework as the rest of Misys Equation Plus.

The acquired business is expected to perform close to break even during the remainder of the current financial year as the process of integrating it with the Misys Equation Plus product family is commenced.

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