The press has reported that Misys and Temenos are likely to merge. I think these two companies make a very good couple with significant overlap in geography, and complementary product sets. Misys customers on Midas, Bankmaster, and Equation have been waiting for a path forward and were recently given BankFusion as a way forward. It is not fully built out, but now T24 presents another attractive option with a much larger customer base than BankFusion. Temenos had T24 model bank (a preconfigured T24 designed for certain target markets) designed for Misys clients. As a single company, it will be much easier for Misys to present viable paths forward in retail and commercial core banking.