Misys provides financial services software covering retail and corporate banking, lending, treasury, capital markets, investment management and enterprise risk.
The company was founded in 1979 as a computer systems supplier to UK insurance brokers.
The purchase of multiple established players in respective markets by Misys under the leadership of Kevin Lomax (Chairman and/or CEO 1985-2006) allowed Misys to evolve at various times into a software supplier to the US healthcare industry, to banks (worldwide) and to fund managers worldwide. Many of the companies acquired and consolidated by Misys were themselves products of previous mergers.
In 1987 Misys shares were first traded on the Unlisted Securities Market. It was admitted to the Main List of the London Stock Exchange in 1989, leveraged on the initial successes of the purchases, cross selling to an expanded client base and economies of scale arising from consolidation.
In 1994 Misys entered the banking software space by purchasing Kapiti Ltd. In 1995 Misys purchased ACT (which included BIS and Kindle), thus rapidly giving Misys control of 3 of the 4 biggest selling core banking packages at the time. At time of purchase Midas had the biggest installed base of any "off-the shelf" banking software package.