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Misys is cool for C-ATS

Risk management in mind for UK software group

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Software group Misys is attempting to establish itself as a risk management company following a £36 million bid for US firm C-ATS Software. C-ATS sells to banks looking to manage their exposure to hedge funds and derivatives. Misys chairman, Kevin Lomax, said combining this with his company’s credit risk tools would create an end-to-end risk management service. Last year, C-ATS recorded a loss of $2.6 million on turnover of $18.5 million. Lomax said C-ATS needed help in improving its distribution in Europe and South East Asia. Last week, Misys lost its place in the FTSE 100 list. ®

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