Misys, the financial software company, has acquired the CrossMar Matching Service (CMS) from Citicorp subsidiary CrossMar for $13m (€11.84m) in cash.

The product will become part of Misys Wholesale Banking Systems and be renamed Misys CMS. A Misys spokesman said while the acquisition was small for the company, the product was an important addition to its wholesale banking activities.

Misys acquires Citigroup's CrossMar product

Heather McKenzie

Citigroup

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