Misys shareholder Credit Suisse Asset Management has reacted positively to the group's acquisition o...
Misys shareholder Credit Suisse Asset Management has reacted positively to the group's acquisition of DBS. Phil Harris, fund manager at Credit Suisse, said: 'Misys traditionally had fairly old-fashioned technology and never spent much on research and development. With the DBS deal, Misys has added to its network and bought some good technology. 'Misys bought it for the software. DBS had run out of steam. It had a very difficult year trading-wise and has a number of potential liability issues with pensions mis-selling, which are reflected in its share price.' The deal is illustrative o...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes