Temenos drops out of running for Misys

published 12 March 2012

The merger discussions between financial software developers Misys and Temenos Group have been terminated, but Misys remains in talks with its other suitors regarding a potential takeover.

Swiss firm Temenos, long thought of as a natural partner of Misys, has been in discussion with its UK peer since the beginning of February, but the two parties have evidently been unable to agree on a price. That leaves the field clear for the two rival private equity challengers, Vista Equity Partners and CVC Capital Partners, the latter working in conjunction with Misys's major shareholder, ValueAct Capital.