By Heather McLean, 1 October 2001 17:10
NEWS UK business software company Misys has pulled itself together for a push into the global market. The company is re-branding its banking industry market divisions Midas-Kapati-International, MKI Risk, MKI Frustum and the Credo Group under the name Misys International Banking Systems. The company wishes to establish the brand internationally after being kicked off the FTSE 100 top index when its shares plummeted. In July the company had warned that profits in its key banking unit had slipped considerably and would not make the forecast as banks delayed orders. Since the warning Misys shares more than halved in value. Today shares from an opening price of 205p to 198p, down 2.70 per cent.
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