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D+H to be bought, merged with Misys

Vista Equity Partners, a private equity firm, is buying D+H, a financial technology vendor. It plans to combine it with Misys (another fintech company in its portfolio). D+H announced Monday that it had reached a definitive agreement where Vista will purchase all outstanding shares of its parent company DH Corp. at $18.96 per share in cash. The deal is worth $3.57 billion, including debt. It is expected to close in the third trimester. Two of the most well-known fintech vendors are involved in this blockbuster deal. D+H is a Toronto-based company that provides banking, regulatory compliance, and lending services. As it sought to expand its presence in the American market, D+H acquired Harland Financial Solutions, a U.S. core system provider, from Harland Clarke in 2014. Misys, a London-based company, has made numerous acquisitions of U.S. businesses in recent years. Misys also launched a “platform-as-a-service” product in September aimed at helping banks move toward open, application programming interface-based models. Vista acquired Misys back in 2012. According to a press release, the combined company will have a global reach, with approximately $2.2 billion in revenue, approximately 10,000 employees, and more than 9,000 clients across 130 countries. Gerrard Schmid, D+H Chief Executive, stated in the press release that “By combining D+H and Misys Vista we will be creating a global leader on financial technology.” “D+H provides depth in North America, leadership in payments, lending, and market position in Europe, Middle East and Africa. Misys, on the other hand, has strong leadership capabilities in banking and capital markets. “TYNAN STUDIO