21 Jun 2011
British banking software firm Misys has confirmed it has received approaches about a possible buyout.
The company declined to name the potential suitor, but did warn that the discussions were still at a preliminary stage and may not result in a sale.
This isn’t the first time that the financial software maker has shown a willingness to be acquired. Back in 2006, a consortium of SunGard Data Systems and venture capitalist group Silver Lake Partners launched an aborted bid to buy the firm.
Meanwhile, financial analyst Milan Radia at Jefferies Group has speculated that Indian services firms such as HCS, TCS and Infosys would be likely suitors this time round.
Last year, Misys sold off its US healthcare business for $1.3bn, while acquiring rival risk management software maker Sophis for £235m.
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