Nov 24 2008 |
more articles from
|
The Arab Investment Company gears up for future growth with Misys Midas Plus implementation
24 November 2008 - Misys plc (FTSE: MSY.L), the global application software and services company, today announced that The Arab Investment Company SAA (TAIC) , a pan-Arab joint-stock company, has signed for a major upgrade of its systems to Misys Midas Plus. Once implemented Midas Plus will provide the company with a solid foundation for anticipated future business expansion and will cover the whole of its core banking systems, enhancing both performance and efficiency.Reflecting Misys' track record and successful relationship with The Arab Investment Company over the last eight years, the upgrade to Midas Plus is further illustration of the strong partnership between both organisations and high level of customer satisfaction. Operating both in the Kingdoms of Saudi Arabia and Bahrain, Misys Midas Plus will provide all back-office operations with improved flexibility and enhanced efficiencies across all departments of the company.
Owned by 17 Arab states, with an authorised capital of USD 600 million, TAIC 's primary objective is to invest Arab funds to develop Arab resources which can support the integration of Arab economies. It does this via equity participation in agricultural, industrial and service projects that meet with stringent economic viability criteria, in addition to providing timely financial services for investors in Arab countries.
Roy Froud, Misys Regional Director for Middle East and Africa, observed, "Unquestionably, The Arab Investment Company is playing an important role in the economic development of the region. Midas Plus will reduce complexity and simplify the bank's IT infrastructure, resulting in cost reduction, better access to information throughout the business and a faster response to industry conditions to better service its customers. The benefits of Misys' solution and our deep knowledge and experience of banking in the Region means that we are perfectly suited to continue to provide the systems that underpin The Arab Investment Company 's future growth."
About Misys plc
Misys plc (FTSE: MSY.L), provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.
In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys plc owns a controlling stake in NASDAQ-listed Allscripts-Misys Healthcare Solutions, Inc, a clear leader in the provision of healthcare technology, serving more than 150,000 physicians, 700 hospitals and nearly 7,000 post-acute and homecare organisations. Misys employs around 6,000 people who serve customers in more than 120 countries.
We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.
Misys: experience, solutions, results
Contact us today, visit: www.misys.comFor further information please contact
Edward Taylor
Global Head of Public Relations
Misys Solutions for Banking
+44 (0)20 3320 5530
edward.taylor@misys.com
Sebastian Mathews
FD
+44 (0) 207 269 7158
sebastian.mathews@fd.com
© Press Release 2008
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment