OSEO Selects Misys Summit FT to Support its Treasury Business


LONDON, May 13 /PRNewswire/ --

- Misys Summit FT Solution to be Deployed Throughout Front-to-Back Office
as French State Agency Looks to Maximise its Support to France's SMEs

Misys (LSE: MSY.L), the global application software and
services company, today announced that OSEO, the French state-backed company
that provides financial support to small and medium sized businesses, has
selected Misys to support its entire treasury business. Misys Summit FT has
been chosen to deliver full front-to-back office cross asset coverage and
deliver a robust risk management solution to the organisation.

Misys Summit FT was chosen by OSEO to support all treasury
activity including trade capture, pricing, collateral management, risk
management and back office accounting operations across its traded
instruments including interest rates, equity, foreign exchange, listed & OTC
derivatives as well as money market and fixed income instruments.

OSEO, which has offices throughout France, had previously been
using a number of different systems throughout its treasury function and
required a treasury processing system that would address its capacity and
legacy system issues. OSEO wanted to streamline its systems into one solution
to improve its ability to manage cross asset activity and improve operational
risk management.

OSEO, which was born in 2005 out of the merger between ANVAR
and BDPME, is a state-backed organisation whose mission is to support small
and medium sized businesses in securing finance. OSEO will implement Misys
Summit FT, a best of breed treasury and capital markets solution, to cope
with the transactions, which are often significant in terms of value size
from front-to-back office, whilst ensuring that strong risk management is
also in place at a time of increased regulatory scrutiny.

The importance of the role of OSEO in the French economy was
demonstrated by the recent announcement from the French government of a EUR10
billion investment in OSEO to help keep finance flowing through the economy
and businesses surviving.

Xavier de Broca, CIO at OSEO, comments: "It has been
recognised from the very top of French Government that providing financing to
small and medium sized businesses is crucial to keep the economy moving. In
order to play an even more significant role in French financing, we were keen
to adopt the very best available solution for the management of our financial
operations. OSEO chose Misys based on its track record in the French market
and abroad and the quality of its support services team who will work
specifically with us on the implementation of Misys Summit FT."

Dan Cohen, Global Solutions Manager for Misys Summit FT
comments: "Misys Summit is the leading cross-asset solution for financial
institutions. Misys has been appointed to implement the Summit software based
on our superior solution and history of successful implementations and
customer relationships. This is a very significant announcement for Misys,
demonstrating the power that our solutions can bring to organisations
focussed on helping companies and economies survive the current economic
uncertainty."

Misys Solutions for Treasury & Capital Markets has 19 years of
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.L), 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 to request an interview with a
    Misys spokesperson, please contact:

    Edward Taylor,
    Misys,
    Solutions for Banking, Treasury & Capital Markets,
    t. +44(0)203-320-5530,
    e. edward.taylor@misys.com.



© PR Newswire Association LLC.

News archive

Subscribe to AfterDawn's weekly newsletter.