According to the Financial Times:
“Talks over the possible offer – which would be for the whole of the business – are progressing and could be resolved within a month. However, the terms of the US provider’s bid are still unclear and Misys warned on Tuesday that the approach ‘may or may not lead to an offer being made’.”
For FIS, Misys has at least two major attractions: first, its high penetration and installed base in the banking markets in Africa, the Middle East, and Europe, and second, a strong portfolio of securities industry applications serving global money managers and investment banks. Both represent significant growth potential for FIS, which has been much more focused on the lower-growth and highly competitive banking markets in the U.S.