Finastra is a financial software company headquartered in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

England England is a Countries of the United Kingdom, country that is part of the United Kingdom. It is located on the island of Great Britain, of which it covers about 62%, and List of islands of England, more than 100 smaller adjacent islands. It ...

.Finastra Limited: Company number FC034398
Companies House. Accessed August 2021. The company sells to the retail banking, transaction banking, lending, and treasury capital markets. Finastra was formed in 2017 by the combination of London-based Misys, a provider of financial operations software, and global payments and lending technology provider

D+H DH, Dh, dh, or dH may refer to: Places * DH postcode area, in the United Kingdom for the area of Durham and surrounding towns * Diamond Head, Hawaii, a volcanic tuff cone on Oʻahu * Dadra and Nagar Haveli and Daman and Diu, a union territory of ...

. At the time of its formation, Finastra was considered the third-largest financial services technology company in the world.

Misys history

1970 to 2000

The company was founded by Roger Morgan and Kevin Lomax as Misys to develop insurance software. In 1997, it bought Medic Computer Systems, a healthcare software business.

2000 to present

In June 2001, Misys bought ''DBS Management'', a supplier of software to Independent Financial Advisors. In June 2001, Misys bought Sunquest Information Systems, a United States-based supplier of medical systems software. In January 2004, Misys bought ''IQ Financial Systems'' from

Deutsche Bank Deutsche Bank AG (, ) is a Germany, German multinational Investment banking, investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange. ...

. In July 2005, Misys, bought ''Almonde''. In February 2006, Misys bought ''Intesio''. In March 2006, Misys bought ''NEOMAlogic''. Mike Lawrie was appointed CEO in October 2006. In July 2007, Misys sold its diagnostic information software division to Vista Equity Partners. In October 2008, Misys' subsidiary, Misys Healthcare, was merged with Allscripts, a medical records business, to become ''Allscripts-Misys Healthcare Solutions, Inc.'' In November 2010, Misys bought

Sophis Finastra is a financial software company Headquarters, headquartered in London, England.Swiss Swiss most commonly refers to: * the adjectival form of Switzerland * Swiss people Swiss may also refer to: Places * Swiss, Missouri * Swiss, North Carolina * Swiss, West Virginia * Swiss, Wisconsin Other uses * Swiss Café, an old café located ...

rival

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. The deal later collapsed when the two sides were unable to agree to terms. In March 2012, private equity firm Vista Equity Partners announced that it had reached an agreement to acquire Misys. In June 2012, upon the completion of the acquisition by Vista Equity Partners, Misys was merged with Turaz, another acquisition of Vista. Turaz was formerly the treasury and risk management software division of

Thomson Reuters Thomson Reuters Corporation ( ) is a Canadian multinational corporation, multinational content-driven technology Conglomerate (company), conglomerate. The company was founded in Toronto, Ontario, Canada, and maintains its headquarters at 1 ...

. In February 2014, Misys bought

Hungary Hungary is a landlocked country in Central Europe. Spanning much of the Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia and ...

-based IND Group, a supplier of online and mobile banking software. In August 2014, Misys bought Custom Credit Systems, a US-based supplier of credit workflow and loan origination software. In March 2017,

announced that it would be acquired by Vista Equity Partners and combined with Misys In June 2017, the merger with D+H was completed, and the company was rebranded as Finastra In January 2018, Finastra acquired Olfa Soft for its FX e-trading platform for financial institutions. In April 2018, Finastra launched an innovation lab in Hong Kong to enable collaboration between banks and other fintech companies. In June 2018, Finastra announced it acquired Malauzai (

Austin, Texas Austin ( ) is the List of capitals in the United States, capital city of the U.S. state of Texas. It is the county seat and most populous city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and W ...

), a provider of mobile and internet banking solutions for community financial institutions.Finastra Acquires Mobile Banking Provider Malauzai
/ref> In June 2018, Finastra, launched FusionFabric.cloud, an open platform to develop apps, connect ecosystems and foster collaboration between banks and fintechs.

D+H History

Following a series of acquisitions starting in 2005,

shifted its business to providing financial technology services worldwide. In 2011, D+H went public on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; ) is a stock exchange located in Toronto, Ontario, Canada. It is the List of stock exchanges, 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in th ...

. It acquired Mortgagebot and ASSET Inc. in 2011, Avista Solutions in 2012, Harland Financial Solutions and Compushare in 2013, and Fundtech (for $1.25b) in 2015. In 2016, D+H added

blockchain The blockchain is a distributed ledger with growing lists of Record (computer science), records (''blocks'') that are securely linked together via Cryptographic hash function, cryptographic hashes. Each block contains a cryptographic hash of th ...

technology capabilities to its global payments platform. The added capabilities enabled banks that use its Global PAYplus services platform to access distributed ledgers to connect networks, move money in real-time and improve access to liquidity. On 17 June 2017, D+H announced that it would be acquired by Vista Equity Partners and combined with Misys, operating under the new company name Finastra for a total enterprise value of approximately $4.8 billion.

References

{{Authority control Companies formerly listed on the London Stock Exchange Software companies of the United Kingdom Companies based in the City of Westminster Software companies established in 1979 Financial software companies Banking software companies Financial technology companies 1979 establishments in England British brands