Feeds

Misys sells TIS Software in MBO

TIS MD leads the way - Lusty by name, etc…

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

TIS Software has been bought from Misys by a consortium consisting of five of its directors, backed by a venture capital firm. The management buy-out was led by TIS managing director Peter Lusty. Although terms were not discussed in an official release put out today, according to industry analyst Richard Holway, the deal is valued at around £5 million. TIS will retain 50 per cent of the company's equity, Holway said, with venture capitalists Sand Aire Private Equity paying £2.65 for its half. Strategix Solutions and Global Business Systems are both part of the TIS group. The former specialises in accounting software and systems for resellers and others in the high volume distribution market. Global has an international customer base for its accountancy packages. Lusty was in bullish form, saying: "This is great news for everyone connected with TIS Software, Strategix Solutions and Global Business Systems. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.