Misys buys Crossmar

The acquisition, which complements the existing Misys wholesale banking solutions, was completed on April 21. It brings Misys an application service provider (ASP) model, which it plans to use as a basis for developing its other banking solutions, said Ian Giles, head of marketing. "By applying an ASP model and leveraging the technical expertise within CMS, there is an opportunity to develop easy-to-deliver Misys products based on Opics, Trade Innovation and Midas, as well as brand new services

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