It was widely reported this week that the UK based software company, Misys, is to be acquired by Vista Partners for USD 2 billion. The deal will combine Misys with Kondor, a vendor of trade and risk management software firm that was cleaved out of Thomson Reuters, reports Reuters.
If the transaction goes through Vista will have won out over a CVC led-group and the Swiss software company Temenos. This is the second USD 2 billion dollar software deal involving private equity this month. The other was the take private of Quest, also a financial software company, as reported by Bloomberg, among others.