APPOINTING a new management team in today's volatile market could be cause for concern. However, in the case of global software provider Misys, the team has moved quickly to put the company on an ambitious growth plan.
Management has separated key
divisions, embarked on an effective recovery programme and announced a series of partnerships and an acquisition aimed at boosting growth – all signs that point to a rapidly emerging company.
Managers want Mysis, operating in the treasury and capital markets, core banking and healthcare sectors, to expand along the value chain, from primarily making application software to providing services to customers.
Competitive pressures are providing Misys with a consistent need to evolve. Most recently, the company has declared several partnerships intended to improve its market position.
An association with iMedica is aimed at giving Misys access to better products; a partnership with SAP effectively allows Misys to outsource the building block work in core banking and to focus on higher value added fields; and a newly formed affiliation with HCL aims to offer improved distribution within Asian markets.
While it is too early to say for certain how long the company will continue to advance in such a manner, with a heavily incentivised management, and a chief executive with a highly credible track record, it looks like the market will give Misys the benefit of the doubt in the next year.
• Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact nor should reliance be placed on these views when making investment decisions. Past performance is not a guide to the future.
The full article contains 284 words and appears in The Scotsman newspaper.
