PRESS DIGEST - Financial Times - Oct 31

MISYS DEAL WITH HCL TARGETS INDIAN BANKING MARKET

Misys (MSY.L: Quote, Profile, Research, Stock Buzz), the healthcare and banking software provider, has embarked on a joint venture with an Indian IT company, HCL, as it seeks to win customers in the fast-growing Indian banking market. It is the latest in a series of partnerships signed by Misys. Last year the IBM veteran Mike Lawrie took over the helm and announced a three-to-five year turnaround plan, including selling non-core assets. The latest deal was welcomed by analysts. Derek Brown at Seymour Pierce said: "This is an important step in the process of turning Misys around and gives credibility to the transformation story." Shares in the company have gained about 17 percent in value since September. They rose 5.50 pence on Tuesday to close at 244.75 pence.

Prepared for Reuters by Durrants