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Monday, September 29, 2014

PE firm Vista puts Misys on the block - FT, (NASDAQ: TIBX)

Private equity firm Vista Equity Partners is seeking buyers for British financial software provider Misys, and is also considering an initial public offering, the Financial Times reported. Vista, the owner of Misys, has hired bankers to look for buyers, the newspaper said, citing sources. ( acquired Misys two years ago for $2 billion after merger talks with Swiss rival Temenos collapsed.Last week, Reuters reported that Vista Equity Partners and Thoma Bravo LLC were among a small group of private equity firms competing to purchase TIBCO Software Inc.Vista Equity Partners and Misys could not immediately be reached for comment outside regular U.S. business hours.

TIBCO Software Inc. (TIBCO) is a provider of middleware and infrastructure software. Shares of TIBX traded higher by 0.67% or $0.13/share to $19.51. In the past year, the shares have traded as low as $18.20 and as high as $26.90. On average, 3040250 shares of TIBX exchange hands on a given day and today's volume is recorded at 2503168.