Earlier this week it was announced that Vista Equity Partners had struck an agreement to purchase Canadian lending, payments, and financial solutions software supplier D+H for C$4.8bn including debt. An acquisition which turns out to be the most significant development we have seen this year, to date.
Vista Equity Partners currently owns one of the biggest banking software development companies in the UK, Misys, and the private equity firm has made it clear that it intends to fully integrate the two companies. The merger will create a single company that will instantly be recognised as a global giant in the fintech industry, employing 10,000 people and generating in excess of $2.2bn of revenue. The clients of the combined companies currently span 130 countries and include 48 of the world’s 50 biggest banks.
Thrilled by the agreement, Brian N. Sheth, Co-Founder and President of Vista Equity Partners recognises that “Together, Misys and D+H have the promise to shape and lead the future of financial software.” Clearly, the now combined client list of D+H and Misys is a huge competitive advantage that will secure the future of the merged business by blocking out emerging companies from gaining comparable market share.
Is this the start of a new trend of similar deals??