Midas-Kapiti International Buys Summit Systems For $80 Million
MIDAS-Kapiti International has announced its intention to acquire Summit Systems, the New York-based risk management and derivatives software vendor.
The announcement confirms industry rumours circulating late last year. Midas-Kapiti, a subsidiary of UK-based Misys, has also acquired the 40 per cent of Quotient France that it did not already own. Quotient France distributes both Summit and Midas-Kapiti systems in mainland Europe.
Summit has fetched a total price of $79 million -- $60.5 million up
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