Misys calls time on insurance as company sells business for £182m
Misys has turned its back on the industry where it started - as a supplier of computer systems to in...
Misys has turned its back on the industry where it started - as a supplier of computer systems to insurance brokers in 1979.
It has sold its general insurance business to private equity firm Montagu Private Equity for £182m. According to its website, Montagu is "an independent mid-market European private equity investor, backing management buyouts and other private equity deals."
A spokesperson said an average time scale for sale after acquisition was three years.
Phillip Bell, chief executive of
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