LONDON, December 16 /PRNewswire/ -- Misys plc (LSE: MSY), the global application software and services company, today announces that it has signed a partnership with Finantix, the leader in front-office wealth management solutions.

The agreement results in the introduction of Misys Wealth Management, a new solution that will help both new and existing customers penetrate the growing mass affluent retail customer segment and bring a full set of services to a new set of clients in that market.

Finantix Components for Wealth Management are to be pre-integrated with several of Misys' core solutions, including Opics Plus, Equation, Midas Plus and all future solutions developed on the new Misys BankFusion platform. This combines flexible, comprehensive, front-office wealth management components with proven back-office transactional systems that manage accounting, settlement and reporting requirements for products supported in the front office. The first of the suite of wealth management solutions will become available early 2009. Banks will be able to vastly increase the wealth management services that they give their clients, improving customer insight and enhancing their ability to manage portfolios and provide financial planning advice.

The wealth management market has been identified by a variety of industry commentators as one of the key growth areas for the financial services sector. The majority of mass affluent and high net worth individuals are currently only being serviced by specialist providers, such as brokers, investment managers and financial advisors. Private and retail banks are looking to broaden their offerings to capture a share of the market and new entrants are jostling for leadership.

The research and consulting firm, TowerGroup believes that, in the long term, consumers will benefit as advisors and wealth managers take a more holistic approach to managing clients' assets. The result will be the continued investment in advisors and the tools they use to manage clients and their assets.(1)

The combination of our world-leading back-office systems and Finantix's highly sophisticated front-end components will give our existing clients the ability to penetrate the market which traditionally was the domain of a select group of private banks, states Guy Warren, EVP and General Manager, Misys Banking. We can help our customers to strengthen their market position, leapfrog their competitors and broaden the services they provide their retail customers to incorporate wealth management support. This partnership extends our capabilities, allows us to expand our client base into the wealth management sector and increases our speed to capitalise on that market.

Banks will benefit from the integrated solution by being able to achieve better quality relationships, while maintaining and improving client care at minimal cost. It will give them both client identification, asset allocation planning and portfolio analysis tools through a rich financial information portal as well as a robust, proven back-office transaction management and processing capability.

Misys has a market-leading customer base. adds Alessandro Tonchia, strategy director, Finantix. With its domain knowledge and long history of success in the banking sector, coupled with our rich, client-centric front end, we can now offer an end-to-end wealth solution to customers worldwide. In the current climate, our advisory and financial planning tools, along with our strong sales functionality, are very relevant to banks and their clients. And Misys' core banking engines provide a solid foundation and an implementation accelerator for a best-of-breed wealth management solution.

About Misys plc

Misys plc (LSE: MSY), 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

About Finantix

Founded in 1994, Finantix (http://www.finantix.com) is an established provider of component-based front-office wealth management and retail banking solutions to over 50 clients in 19 countries worldwide. With over 100 developers, Finantix invests some 30% of revenues in RD. Its proven pedigree, combined with an application architecture approach, ensures it is at the very forefront of multi-channel delivery for the financial services industry. In choosing Finantix, financial institutions can attract new and profitable customers, provide a more effective customer service that boosts cross- and up-selling opportunities and establish a strong multi-channel connection to all its customers. http://www.finantix.com

(1) TowerGroup - 2009 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Brokerage Wealth Management, November 2008

For further information please contact: Edward Taylor Global Head of Public Relations Misys Solutions for Banking +44(0)20-3320-5530 edward.taylor@misys.com Sebastian Mathews Financial Dynamics +44(0)207-269-7158 sebastian.mathews@fd.com

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking, +44(0)20-3320-5530, edward.taylor@misys.com; Sebastian Mathews, Financial Dynamics, +44(0)207-269-7158, sebastian.mathews@fd.com