LONDON, November 25 /PRNewswire/ --

- Raiffeisen International to Maximise on Misys/HCL's Flexible Resourcing Model for Increased Speed to Market and Accelerated International Branch Expansion

Misys plc (LSE: MSY), the global application software and services company, today announces that its partnership with HCL will provide Raiffeisen International Bank-Holding AG with an outsourced flexible resource to support its development needs as it grows its global business.

Raiffeisen International is the most recent Misys customer to benefit from the Misys/HCL partnership, which has been adding value globally to banks over the last four years. Misys has built a flexible, global sourcing model for the development needs of its clients, combining its domain knowledge with the expertise and capabilities of HCL.

The outsourced development capability will enable Raiffeisen International to accelerate the delivery of new products and more efficiently maintain its existing products. The company has developed into one of the region's leading banking groups, and for over a decade its international branch banking network has been supported by the services and solutions from Misys, including Misys Midas and Midas Plus.

The ring-fenced team of skilled developers from Misys and HCL will be dedicated to the Raiffeisen International Group, which will improve quality, reduce turnaround times and enhance productivity; ensuring that all the Midas network branches maximise the benefits of the solution and are able to respond quickly to changing business requirements. The outsourced team will be run from its headquarters in Vienna, Austria and use a mixture of European resources from Misys and offshore resource from HCL in India. Raiffeisen International has built its business by entering new markets early and ahead of competition and then expanding locally in line with business growth and customer demand.

Critical to this expansion is that it needs to occur without overstretching the bank's available capital, manpower and organisational structure, as Mike Wood, CIO Senior Vice President IT, Raiffeisen International, explains: We have grown both locally and regionally at a pace since we set up the business. The solutions and expertise of the Misys team has enabled us to do this keeping risk at a minimum and with the confidence that we are supported by the best solution available on the market. We have benefited from both Misys and HCL's expertise in the past and the combined development team from the two companies will enable us to continue to build our business further while managing the level and costs of resourcing our development needs much more efficiently. We look forward to the success of this new three-way partnership and maximising on the opportunity that this dedicated team provides us for expanding our business still further.

Guy Warren, EVP and general manager, Misys Banking, states, The winning combination of our experts and those of HCL's will give Raiffeisen a guaranteed resource to help it achieve its business goals and stay ahead of its competition. We have designed the team to be able to expand its size and scope when required, truly flexing with the business needs of the bank, making the most of the proven flexible sourcing model that our partnership with HCL brings our customers.

Stuart Drew, Senior Vice President from HCL Technologies Europe adds, We have a strong position as a provider of strategic IT services to the financial services industry. Building on our previous successes with both Misys and Raiffeisen, we are able to bring world-class development capability to the bank through this agreement. We look forward to enabling Raiffeisen International to meet its business objectives with the value that this winning partnership delivers.

Bart Narter, Senior Vice President of research and consulting firm Celent, comments, The financial crisis means that banks around the world must get more from their software providers and are demanding full solutions from a single contact. The ease with which HCL and Misys can shift resources among locations in Europe and India and beyond gives the partnership an advantage worthy of increasing attention by banks everywhere.

Larger banks require on-demand and reliable IT services with resources that have expertise on their products, says Don Free, Research Director, Gartner. Core banking vendors that expand their services capacity through partnerships - with skills certification at a resource-level - are a valuable asset to banks.

Raiffeisen International operates one of the largest banking networks in Central and Eastern Europe. 17 markets in Europe's growth region are covered by subsidiary banks, leasing companies and a range of other financial service providers. 14.6 million customers are serviced in more than 3,100 business outlets. Raiffeisen International is a fully consolidated subsidiary of Raiffeisen Zentralbank Osterreich AG (RZB), which owns more than two-thirds of the common stock. The remainder is in free float, the shares are listed on the Vienna Stock Exchange. RZB is a leading corporate and investment bank in Austria and the central institution of the Austrian Raiffeisen Banking Group, the country's largest banking group.

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:

About HCL Technologies

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and RD services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 19 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Aerospace Defense, Telecom, Retail CPG, Life Sciences Healthcare, Media Entertainment, Travel, Transportation Logistics, Automotive, Government and Energies Utilities. HCL takes pride in its philosophy of 'Employee First' which empowers our 52,714 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.0 billion (Rs. 8300 crores), as on 30th September 2008. For more information, please visit

About HCL Enterprise

HCL is a $5 billion leading Global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies HCL Infosystems. The 3-decade-old Enterprise, founded in 1976, is one of India's original IT garage start-ups. Its range of offerings spans Product Engineering, Custom Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises over 56,000 professionals of diverse nationalities, who operate from 19 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit

For further information please contact Edward Taylor Global Head of Public Relations Misys Solutions for Banking +44(0)20-3320-5530 Sebastian Mathews FD +44(0)207-269-7158

For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Solutions for Banking, +44(0)20-3320-5530,; Sebastian Mathews, FD, +44(0)207-269-7158,