Midas-Kapiti Buys Frustum Group


MIDAS-Kapiti International has acquired the Frustum Group, the New York-based developer of the Opics front-to-back office treasury system, for a total of $61.4 million.

Sources add that Misys, the UK-based computer services conglomerate that owns Midas-Kapiti, is also interested in acquiring Summit Systems.

The acquisition -- or acquisitions -- represent a re-entry by Midas-Kapiti into the treasury and risk management systems market, say industry observers, and could signal the end of the road for

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