According to the Financial News in London, “Private equity firm Vista Equity Partners has struck a deal to acquire D+H, a Canadian financial technology provider, with an eye to merging it with UK-based Misys to create a financial software company with $2.2 billion in revenues.” Vista Equity Partners is a United States private equity firm, headquartered in Austin, Texas.

Misys chief executive Nadeem Syed said, “the combination of the two companies gives them the opportunity to create a “global fintech powerhouse.” This powerhouse would have approximately 10,000 employees and 9,000 customers, of which included 48 of the 50 top banks.

According to Vista, “Misys and D+H are highly complementary in terms of both software solutions and geographical footprint.”

D+H chief executive Gerrard Schmid said: “D+H brings depth in North America and leadership in payments and lending; while Misys has a strong market position in Europe, Middle East, Africa and Asia and leadership capabilities in banking, capital markets, investment management and risk solutions.”