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Article: 1st bosses look to the future with Misys stake buy back.(1Soft Corp., Misys PLC)(Brief Article)
- Article from:
- Financial Advisor
- Article date:
- August 25, 2005
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TECHNOLOGY provider 1st has announced it has bought back Misys Group's stake.
The global software company originally invested in 1st in 1999 as part of its acquisition of Financial Options Group Limited.
On 17 August, 1st said that it had bought back Misys' shareholding for an undisclosed sum.
In announcing the news, both companies praised the working relationship the two have fostered during the past six years.
Mik Cons, managing director of 1st, said: "Misys and Sesame, its wholly-owned subsidiary, have supported investors in 1st and have been valuable partners as we have grown from a small business to become the principal software ...