Misys Plc, now the UK’s largest all-British software and services company thanks to its purchase of ACT Group Plc in February (CI No 2,602 ), has reorganised itself into banking, insurance and information systems divisions. The changes emphasise the expanded company’s strengths in these fields, said Misys, and group chairman Kevin Lomax said none of the changes had ben unexpected. Misys Banking division is made up of Midas-Kapiti International, an amalgamation of ACT International and Kapiti, a Misys’ subsidiary, which will operate in 90 countries out of 21 offices; and Kindle Banking in Dublin, what was ACT Banking Systems, which will continue to deal with large scale retail and international branch banking networks. The division will report to John Sussens. The Insurance division is Misys’s Financial Services Division of old to which has been added ACT Insurance Systems. This division will report to Mike O’Leary, as will Information Systems, which is the new name for the Industry Systems division. This section has been enlarged by Medisys, Sigmex and Financial Systems, all from ACT. Financial Systems will be further reorganised to focus on i nvestment management and stockbroking. Its insurance work will go to the Insurance division and its banking, dealing room and derivative stuff will go to the Banking group, the firm said.
