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Misys International Banking Systems - a new name in banking solutions

Midas-Kapiti International announces a change of identity

Misys International Banking Systems is the new brand name adopted by the premier supplier of solutions to the banking and financial services industry. The new identity follows the extensive re-branding exercise undertaken by the company, better known previously as Midas-Kapiti International (MKI). MKIRisk, together with sister companies MKI Frustum and the Credo Group will also be unified under the new Misys International Banking Systems brand name.

John Fry, Chief Executive of Misys International Banking Systems, explains, "Our intention is to ensure that the Misys brand name becomes synonymous with the provision of leading-edge solutions. The new brand recognises that we are a significant member of the Misys Group of companies, which is now a formidable force in the I.T. sector."

"Our parent company, Misys plc, has established an enviable reputation as a supplier of leading-edge technology and we intend to continue that tradition," he continues. "To realise this objective, we must build on our existing strengths and forge strong partnerships between ourselves and our customers. Our vision is to deliver outstanding solutions that will empower our customers and enable them to achieve their business objectives."

Building on the global presence and financial strength of MKI as it was formerly known, Misys International Banking Systems will continue to leverage the unique blend of business sector knowledge and I.T. expertise available within the organisation. Passion and a determination to succeed, allied to a new openness and focus on customer relationships, are the cornerstones of the company`s new identity.

John Fry sums up by saying, "We are determined to demonstrate our commitment to this ideal by fostering close partnerships with our clients. We want to ensure that they benefit from the advantages offered by the company`s financial strength, its ongoing investment in product development and its global presence."

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Misys International Banking Systems

Misys International Banking Systems, a wholly-owned subsidiary of Misys plc, is the world`s premier supplier of solutions to the global banking and financial services industry, with annual sales of more than lb200m. The company has an extensive network of international branches located in 29 countries around the world and employs over 1,600 staff. The Misys product range includes solutions for wholesale and retail banking, treasury and capital markets, trade finance, private banking and risk management.

Misys plc, a FTSE-250 company, is one of the world`s leading software products suppliers. Misys partners with its customers to deliver outstanding IT solutions to essential industries. The group develops and licences products to the international banking and securities, US healthcare, and UK retail financial services sectors. For the 6 months ended 30 November 2001, Misys reported revenues of lb480m and adjusted operating profits (before exceptional items), of lb54m. Misys employs over 6,500 people.

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