Societe Generale is Live With Misys Solution to Support its Asset Servicing and Custody Services Business


LONDON, April 2 /PRNewswire/ --

- Societe Generale Securities Services has Gone Live With Misys Summit FT

Misys, the global application software and services company
announced today that Societe Generale Securities Services (SGSS) has gone
live with the Summit FT integrated solution to support its growing asset
servicing and custody services business in Paris, France.

SGSS has experienced strong growth in demand from asset
management firms, insurance companies and other buy-side institutions looking
to trade OTC derivatives and structured products. SGSS engaged Misys to unify
systems across its fund administration & asset servicing (middle office) as
well as custody depository & trustee services (back office) businesses.

The firm, which has EUR2,560 billion of assets under custody,
(at end of December 2008) has completed the implementation of Misys Summit
FT, an established multi-asset class front-to-back office solution. SGSS has
also installed Misys Summit MUST application, the leading software platform
for pricing and managing exotic OTC derivatives, hybrid and structured
products.

With the current volatility in equity markets, accurate and
independent valuation is becoming increasingly important for an institution's
governance and a key part of the Misys Summit FT solution for SGSS was the
additional functionality of independent valuation.

Serge Jacqueline, Head of Fund Administration and Asset Servicing for
SGSS, comments: "Our OTC derivatives outsourcing service launched two years
ago is one of the few solutions in the market for firms that want to take a
modular approach and outsource just the OTC derivatives component of their
middle and back office. Unifying our middle and back office platforms with
Misys Summit FT will create real-time processing in the business with much
stronger collateral tracking and valuation helping us create strong returns
for client firms currently using the service."

SGSS decided to replace its existing legacy systems and
selected Misys Summit FT after evaluating a number of other competitor
offerings. Additionally, SGSS utilized Misys Consulting Services for
implementation and integration to gain maximum value from their investment.

Dan Cohen, Global Solutions Manager for Misys Summit comments:
"Successfully building a modular and sophisticated OTC derivatives
outsourcing service like SGSS is an impressive achievement. We're seeing real
demand for integrated technology solutions delivering OTC derivatives
portfolio valuation and collateral management as well as post-trade
processing and trade lifecycle management including confirmations,
settlements and accounting events generation".

Misys Solutions for Treasury & Capital Markets has 18 years of
market experience and unrivalled software development expertise. It creates
integrated, comprehensive solutions for financial institutions to manage
their capital market activities across multiple asset classes.

About Misys plc

Misys plc (LSE: MSY), provides integrated, comprehensive solutions
that deliver significant results to organisations in the financial services
and healthcare industries. We maximise value for our customers by combining
our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with
over 1,200 customers, including all of the world's top 50 banks. In
healthcare, Misys plc owns a controlling stake in NASDAQ-listed
Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision
of healthcare technology, serving more than 150,000 physicians, 700 hospitals
and nearly 7,000 post-acute and homecare organisations. Misys employs around
6,000 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services
company, delivering results for the most important industries in the world.

Misys: Experience, Solutions, Results

Contact us today, visit: http://www.misys.com

For further information or request an interview with a Misys 
spokesperson, please contact:

Stephen White
    Misys Treasury & Capital Markets
    T: +44(0)203-320-5593
    E: stephen.white@misys.com

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