Misys plc (LSE: MSY) is a leading multinational software company providing software solutions and services to the financial services and healthcare sectors. The company merged its healthcare information technology division with Allscripts in 2008. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company was founded in 1979 as a computer systems supplier to UK insurance brokers. In 1987 its shares were first traded on the Unlisted Securities Market. It was admitted to the Main List of the London Stock Exchange in 1989. In 1994 it acquired Kapiti, a financial services software business which had originated the Midas Kapiti Banking Packages in 1973, and in 1997 it bought Medic Computer Systems, a healthcare software business. In 2001 it went on to buy DBS Management plc, a supplier of software to Independent Financial Advisors, and Sunquest Information Systems Inc., a US supplier of clinical systems software and later sold the same in 2007.
In 2004 the company bought IQ Financial Systems from Deutsche Bank for £20m.
In March 2007 newly appointed CEO Mike Lawrie set out a new three- to five-year strategy to turn around and improve the financial operating performance of the company.
In March 2008 the company announced a merger between its healthcare business and Allscripts, a medical records business. The merger was completed on 10 October 2008, and Misys plc now holds a majority shareholding in the merged entity known as Allscripts-Misys Healthcare Solutions, Inc, which is listed on the NASDAQ (MDRX). In June 2010, Allscripts announced a merger with Eclipsys Corporation, and that the Misys stake in Allscripts was to be reduced through a share buyback and secondary offering.
On 12 November 2010, Misys announced that is had reached an agreement to acquire Sophis, a leading provider of portfolio and risk management software.