Nadeem Syed, Finastra
Misys and D+H have joined forces to create Finastra, a diversified global financial software provider. The combination is said to be the third largest financial services technology company in the world.
The company has approximately 10,000 employees and over 9,000 customers across 130 countries, including 48 of the top 50 banks. This follows the acquisition of D+H by Vista Equity Partners, which already owns Misys, creating a merger of two complementary financial technology providers.
Finastra will be led by Nadeem Syed in the role of Chief Executive Officer. Mr. Syed was previously CEO of Misys. The company will be headquartered in London, UK, maintaining North American headquarters in Toronto, Canada.
"Serving all of our customers and partners remains our top priority. By coming together as Finastra we are committed to enhancing our ability to deliver market-leading products and services, and to being an even more strategic partner to our customers. We will build momentum, delivering innovative and transformational products and exceptional service. Our mission is to help our customers, whatever their size, wherever they are located," said Mr. Syed.