Misys revenue up more than 40 per cent in China due to market demand

London/Beijing - 18 October 2006

Misys Banking Systems (Misys), a global leader in banking software and solutions, announces today that its revenue in China has grown by over 40 per cent during the 2005/06 financial year. A steady rise in demand for its market-leading products and solutions has resulted in the doubling in size of Misys local Treasury and Capital Markets team.

From its new base in The Executive Centre of the China Resources Building in Beijing, the team of full-time project managers, business, technical and help-desk consultants and sales personnel will provide sales, operations and support services throughout the PRC.

Murray Sargant, managing director, Treasury & Capital Markets Asia, Misys Banking Systems, explains that since deregulation, the derivatives market in China has evolved rapidly with demand growing for increasingly sophisticated products.

“As the local market becomes more and more attractive to investors, we have seen a sharp rise in demand for our specialist treasury and capital markets solutions, particularly Misys Summit, Misys Opics and Misys Opics Plus. These products enable banks to generate significant profits by becoming involved in more complex trading. There is huge growth potential in areas such as FX, credit derivatives and structured products trading.”

Murray Sargant continues, “We are delighted to have many key Chinese banks as our clients and we are well positioned to increase our presence and expand our existing relationships across China. With our wealth of experience, established track record and commitment to research and development, we are confident that our footprint in China will continue to grow. We are committed to China for the long term and expect to further increase our local teams as our customer base continues to expand.”

In line with global trends, the banking software market in China is buoyant and banks are seeking well-established technology players that can facilitate their future growth.

“Working with top level banks and institutions in China, we have seen significant advances in this sector and we expect it to continue as banks grow and mature their operations. Throughout the industry, technology is playing a significant role in providing a scalable platform for continued expansion and enabling banks to meet international regulatory and compliance standards.”

Misys has invested heavily in China and Hong Kong over the last 25 years and is closely involved with a wide range of financial institutions across Greater China.

Murray Sargant adds, “Our customers include the top five banks and more than ten key global, state, regional and local operations. Using our proven core banking and treasury & capital markets solutions, these organisations can take advantage of new market sectors and closely monitor operational risk and adherence to regulations. Misys delivers real value by increasing productivity and efficiency using straight-through-processing and front to back systems.”

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