The developer and licenser of proprietary software to banks and investment management firms is expected to be admitted to the stock exchange in early November.

Misys software is used to facilitate workflows across the front, middle and back offices of financial institutions to originate and service transactions by both financial institutions’ staff and directly by their customers.

The firm delisted from the stock market in 2012, but since merging with Turaz, the former software division of Thomson Reuters, it has undertaken an organisational transformation to centralise and streamline the business with Nadeem Syed CEO of the group, overseeing the process.

Misys has also revealed that Dr John Hughes has agreed to join the group as independent chairman of the board of directors and he was delighted to have been asked to join.

“The business has continued to be a technology leader, led by an experienced management team with a proven track record of delivering innovation, operational improvement and cash generation.

“I look forward to working with the other board members and the management team to create value for our shareholders. I believe that Misys has a very exciting future as a publicly listed company."

Nadeem said this was an exciting step for Misys at a time when the financial services industry was undergoing a historic technological shift, driven by regulatory change.

“This represents a significant opportunity for our business.

“We have transformed Misys into an industry-leading financial software company with the broadest and deepest product portfolio in the market and a best-in-class operational platform focused on the needs of our customers as they look towards addressing the challenges of an ever-changing world.

“I believe that the return to public markets as a larger, more innovative and more effective company is a logical step in our evolution.

“The management team and I are very excited; we are confident in the significant growth opportunities for the business and focused on creating value for our customers and our shareholders in the years to come."