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Alfa Bank commits to Misys to support extensive growth in the Russian banking market

Alfa Bank commits to Misys to support
extensive growth in the Russian banking market 

5 January 2009 – Misys plc (FTSE: MSY.L), the global application software and services company and the leading international banking software provider in Russia, today announces that OJSC Alfa Bank Moscow (Alfa Bank), the largest private bank in Russia, has extended its relationship with Misys until at least 2020.

Alfa Bank is expanding its operations throughout Eastern Russia and is underpinning its growth with the support of Misys. The solution from Misys will enable the bank to serve its retail and corporate customers in the region, increase its market share and maintain its lead over the competition.

The agreement is the latest in a long partnership between Misys and Alfa Bank, which has seen the two organisations jointly develop Russia-specific features, ensuring the bank complies with The Central Bank of Russia regulations and adheres to the country’s rigorous accounting standards.

Misys’ advanced consumer banking solution with its scalable treasury capabilities are key to this expansion, as Sergey Mednov, CIO and Member of the Board from Alfa Bank comments. “The extension of the partnership provides us with a secure platform on which to grow our consumer and corporate banking business further. Misys has been a trusted partner of ours for many years and we are confident that we have the right mix of solutions and support to ensure our business grows at minimal risk and maintaining a low total cost of IT ownership.”

Guy Warren, EVP and General Manager, Misys Banking, adds, “We are delighted to be able to continue to help Alfa Bank to meet its business goals. The close partnership we have with Alfa Bank’s team has made it possible for the bank to maintain its position at the forefront of the banking sector in Russia. It is yet another financial institution that is securing its future growth underpinned by our world-beating solutions.”

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For further information please contact

Edward Taylor
Global Head of Public Relations
Misys Solutions for Banking
+44 (0)20 3320 5530
edward.taylor@misys.com

Sebastian Mathews
Financial Dynamics
+44 (0) 207 269 7158
sebastian.mathews@fd.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 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: www.misys.com