Toronto based banking technology systems supplier D+H Has been bought by Texas firm Vista Equity Partners for US$3.6 billion.
Vista, which owns rival firm Misys has announced the two will be effectively merging their operations. This represents a huge turnaround for Vista, which in 2014 was seeking to offload Misys.
The merging of these two fintech giants could have untold consequences for the startup sector. It could create more uniformity in system access, but we’ll have to see. The deal is subject to regulatory and shareholder approval.