Over the weekend, Misys announced that it had signed a joint venture agreement with an Indian company called Scandent.
The terms of the agreement would see Scandent set up a professional services competency centre in India dedicated to offering trained consulting services on the Misys Midas Plus suite of products, thereby enhancing the expertise of the professional services arm of Misys' wholesale banking business.
The deal reflects a growing trend of software companies looking to move into services. It also shows the determination to crack India, arguably the most important software emerging market in the world. It also reflects the outsourcing trend in that Scandent will become...
