Over the last six months revenue at Sesame has risen by 3% on a year-by-year comparison, increasing speculation Misys may again be looking for a buyer for the company.
A trading statement issued by Misys, the software company which owns the Sesame group, suggests the increase in revenue can be mainly attributed to an increase in the number of Registered Individual (RI) productivity for the network. Although the statement points out the increase in revenue can also be seen as a result of Sesame has capitalising on “positive market sentiment and strong demand for key products”. Susan Cottam, group communications director at Misys, says the company's view of Sesame has not changed, as it still regards it as a "very good business well run by strong manage...
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