LONDON, July 19, 2010 /PRNewswire/ -- Misys plc (FTSE: MSY.L), the global application software and services company, today announces that it has signed a partnership with Triple Point Technology, the leader in commodities management solutions, to extend the coverage of Misys Summit FT to include commodities.
Misys Summit FT already has extensive cross-asset coverage, including OTC derivatives, fixed income, FX, equity and structured products, which enable customers to manage their trading operations and risk more effectively. Through the partnership, Misys and Triple Point have jointly developed additional functionality within Misys Summit FT to include a wide coverage of commodities, completing Misys' full cross-asset strategy.
Misys Summit will leverage the underlying technology within Triple Point's products and provide advanced commodity capabilities as standard within Summit. The solution will provide extensive coverage of commodities including energy, agriculture and metals, managing all derivatives, forwards, options and underlyings.
A vast majority of our Summit customers want to expand their use of our solution so that they can rationalise systems and costs and further reduce risk with a greater cross-asset view of positions, states Dan Cohen, Solution Manager, Misys Summit. Our partnership with the commodities experts from Triple Point significantly enhances our ability to provide full cross-asset coverage to our customers. Through this new Summit solution, middle and back-office users of Summit will get a full cross-asset view of positions and transactions including commodities. We can now enable our customers to benefit from best of breed functionality and the cost savings that are possible by moving all asset classes to Summit.
Dilip Daswani, Vice President, Corporate Development from Triple Point, adds, We are delighted to be working with such a widely recognised solution provider. The combination of our advanced solutions, commodities expertise and Misys' broad coverage will guarantee the industry a best-of-breed solution with true cross-asset functionality.
About Misys plc
Misys plc (FTSE: MSY.L), 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 Triple Point Technology
Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk. Triple Point's growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers. The company was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute. Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform. Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe. http://www.tpt.com.
For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking and Treasury Capital Markets +44(0)20-3320-5530 firstname.lastname@example.org Sebastian Mathews Financial Dynamics +44(0)207-269-7158 email@example.com
SOURCE: Misys plc
CONTACT: For further information please contact Edward Taylor, Global Headof Public Relations, Misys, Solutions for Banking and Treasury CapitalMarkets, +44(0)20-3320-5530, firstname.lastname@example.org ; Sebastian Mathews,Financial Dynamics, +44(0)207-269-7158, email@example.com