Misys launches third centre in Bangalore to expand Misys Risk Management Systems’ development capabilities
London, 30 January 2004 - Misys Risk Management Systems today announces the expansion of its development capabilities with the official launch of its new centre in Bangalore.
With growth targeted at 100+ full time staff, the Bangalore centre will work closely with the existing UK team to enable faster incorporation of key regulatory and value management functionality into Risk Vision, the company's market leading risk management solution.
Misys is committed to ongoing investment to expand its offshore development capabilities in Bangalore and Manila. This increased capacity is key to the company's product strategy, which involves functional enhancement and technology changes across its product set.
Vinutha Urs joins Misys Risk Management Systems to head up the team in Bangalore, following 10 years with DSL Software, a subsidiary of Deutsche Bank Group. Initially, the team is charged with the development of Risk Vision on the .NET framework, which will allow new or upgrading clients to reduce implementation times and integrate additional applications faster and more efficiently.
Michel Van Leeuwen, CEO of Misys Risk Management Systems explains, "The Bangalore centre will strengthen our product development process by increasing our overall capacity and broadening our skills base. We will be better placed to help clients adapt quickly and successfully to the latest regulatory requirements and trends in the risk market."
Bangalore Development Manager, Vinutha Urs continues, "We are in the process of recruiting staff with a mix of business and technical skills. This will enable us to become a full partner operation with the existing UK teams."
Misys Risk Management Systems' latest centre builds on Misys plc's already strong presence in Bangalore where the development and support of the Misys Retail BankMaster product suite is centred. Misys Hospital Systems, part of the Misys Healthcare division, also has a development capability in Bangalore.
The Misys Charitable Foundation has ensured that the group has fostered strong ties within the communities in which it works and funds several scholarships to local higher education institutes, including the Indian Institute of Information Technology and the University Visveswaraya College of Engineering.
For further information, please contact:
Adelaide Harrison
OR
Vanessa Mahoney
Misys Risk Management Systems
+44 (0)20 8486 1575
About Misys Risk Management Systems
Misys Risk Management Systems, part of the Banking and Securities Division of Misys plc, is focused exclusively on the provision of enterprise wide, integrated risk management solutions. For over a decade, the company has specialised in driving the world's leading financial institutions towards value creation, delivering functionally rich and highly flexible solutions that encompass all aspects of global, integrated risk management and regulatory compliance.
About Risk Vision
Risk Vision is a highly integrated and functionally advanced risk solution, delivering proven measurement of all areas of exposure and risk and supporting modern portfolio management practices. A uniquely flexible solution, Risk Vision is focused on supporting value management and regulatory compliance within a global financial institution through accurate, real time identification, measurement and control of exposure and capital.
About Misys plc
Misys plc, one of the world's largest software solutions companies, serves customers in the international banking and securities, US healthcare, and UK retail financial services sectors. Employing over 6,500 staff, Misys reported revenues in excess of £1 billion ($1.6 billion) for the year ended 31 May 2003.
