US-based Vista Equity Partners has completed its acquisition
of Misys, having defeated an earlier move by wealth technology firm Temenos to
merge with the UK
business.

As part of this acquisition, Misys and Turaz, the business
that includes the Kondor+ product line, are now one company operating as one
under the name “Misys”, according to a statement today.

The acquisition is a victory for the Vista
business, which in March this year derailed a rival bid for Misys by Temenos,
the European firm.

Misys serves 1,800 clients in 120 countries, making it one
of the biggest wealth technology players of its type.

“In an environment where change is rapid and budgetary
constraints are real, firms that we observe are successful in pushing IT
budgets further and taking costs out of the business are pursuing paths to
consolidate applications, reduce integration costs, and rationalize supplier
relationships in order to drive higher efficiencies and manage the excessive
costs of complexity,” Cubillas Ding, research director at Celent, said.

Prior to the latest deal, Vista Equity Partners has
completed 68 software and software-related transactions totalling more than
$14.8 billion in aggregate value, including the recent acquisition of Turaz, a
provider of trade and risk management software globally.