REG-Misys PLC <MSY.L> Agreement with Digital China

RNS Number:9470L 
Misys PLC 
17 January 2008 
 
 
 
FOR IMMEDIATE RELEASE 
 
 
 
               MISYS AND DIGITAL CHINA SIGN AGREEMENT TO PROVIDE 
                         ASP SERVICES TO CHINESE BANKS 
 
   New solution to be targeted at China's 30,000 small and medium sized banks 
 
London and Beijing, January 17, 2008 - China's biggest financial information 
technology (IT) service provider, Digital China Financial Software Ltd. (DCFS), 
and Misys (FTSE: MSY.L), the global application software and services company, 
today signed a strategic cooperation agreement to deliver a new, hosted, banking 
solution targeted at the estimated 30,000 small and medium-sized banks in China. 
 
The new solution will be based on DCFS' ModelB@nk integrated structure and the 
Misys Equation core banking system, with trade services, international 
settlement and treasury management functionality integrated within it. The new 
solution, available as an Application Service Provider (ASP), will provide a 
lower cost solution for banking customers while helping to improve efficiencies 
across China's financial industry. 
 
As China is opening its financial markets, small and medium-sized Chinese and 
foreign banks, need IT solutions that deliver innovative services and enable 
them to get ahead of their competitors. These banks are often limited by budget 
and size and the new ASP solution will enable them to overcome the significant 
cost and resource issues associated with IT development. 
 
DCFS and Misys will provide a solution which delivers the value that small and 
medium sized banks need at a cost they can afford. Using the DCFS' ModelB@nk 
integrated solution as the basic framework and integrating it with Misys 
Equation, Misys Trade Innovation and Misys Opics, provides a best of breed, 
advanced core banking platform which will be hosted-an entirely new application 
outsourcing service for banks. The rapidly developing Chinese banking industry 
provides the IT outsourcing market with a great opportunity for growth. This 
solution will help banks quickly adopt advanced technology and stay ahead of the 
competition. 
 
In the next few years, the Chinese banking industry will benefit from a new wave 
of globalization in IT applications. An ASP service will serve as an important 
mechanism for quickly benefiting from new and emerging technologies. The banking 
IT solutions market in China could reach RMB14.751 billion by 2011 (£1billion) 
with annual growth of 19.6% from 2007 to 2011. 
 
Core Banking will remain the biggest sub-market in the Chinese banking 
application solutions market, which is expected to reach 16.3% by 2011 and will 
top RMB2.4 billion (£163m). DCFS and Misys believe that there are significant 
opportunities in the financial ASP service in China. 
 
"Although ASP service is still a new model to be understood by small and 
medium-sized banks in China, a large number of them need application IT 
technology to improve their capacity and compete in the market," said Dong Qiqi, 
President of DCFS. "So we believe that ASP services have a broad and promising 
potential in China's banking industry. DCFS believes that the cooperation with 
Misys will further realize our financial outsourcing service strategy. The 
cooperation will best integrate Misys' international experiences and products 
with DCFS' local services to jointly provide safe and reliable outsourcing 
services for core banking systems, lower IT costs and ensure banks operate 
efficiently." 
 
Misys plc Chief Executive, Mike Lawrie, commented: "the growth and development 
of China's financial markets is tremendous. There are more than 30,000 small and 
medium sized banks in China, all of whom are looking for ways to drive 
efficiency and productivity whilst at the same time reducing costs. Using our 
proven technology and working with DCFS, who have a specialist team of experts 
that know the local market, is a winning combination that will deliver long term 
value for new and existing customers in this important, fast growing market. 
 
 
                                      ENDS 
 
ANALYST / INVESTOR ENQUIRIES 
Alex Dee 
Tel: +44 (0) 20 7368 2336 
Mob: +44 (0) 7989 017 979 
Email: alex.dee@misys.com 
 
MEDIA ENQUIRIES 
Josh Rosenstock 
Tel: +44 (0) 20 7368 2327 
Mob: +44 (0) 7921 910 914 
Email: josh.rosenstock@misys.com 
 
Kejia Wu 
Brunswick Group 
T: +86(10)6566 4651 
F: +86(10)6566 3856 
kwu@brunswickgroup.com 
 
 
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 the market leader, with over 
1,200 customers, including all of the world's top 50 banks. In healthcare, Misys 
is the market leader, serving more than 100,000 physicians in 18,000 practice 
locations and 600 home care providers. Misys employs around 4,500 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: www.misys.com 
 
 
Digital China Financial Software (DCFS) 
DCFS is China's largest financial IT service provider, which provides local 
services with a global vision. Having 20 years solid IT service experience in 
banking industry, DCFS helps clients to plan, implement and manage enterprises' 
IT architecture, and provides perspective businesses and management consultation 
services, as well as advanced and comprehensive solutions and IT outsourcing 
services on demand. It has more than 50% of market share in the implementation 
and operation of international core banking system in China. 
 
Headquartered in Beijing, Digital China Financial Software has more than 1000 
employees, located in Shanghai, Guangzhou, Shenzhen and Xi'an business centers, 
built the customer service network over all China. Digital China Financial 
Software has built the best software development center of China in Xi'an . 
 
Model B@nk is an advanced financial application system by integrating mature 
business processes and software technology. It covers most business application 
demand in current domestic commercial banks. It is the best solution blueprint 
for banks' IT planning. 
 
 
 
 
                      This information is provided by RNS 
            The company news service from the London Stock Exchange 
 
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