Misys Healthcare Systems history

By 1973, Lomax had gained a position as managing director of Hanson's British Furnaces subsidiary.

Kevin Lomax, the chairman of Misys, was the lead investor when Misys was founded in 1979 with private capital.

In 1989, the company’s stock became listed on the main London Stock Exchange.

In 1992, Misys acquired a 20 percent interest in Countrywide IF Network, a collective of independent financial analysts (IFs). Misys subsequently acquired all of Countrywide and used it to become a dominant presence in the IF market.

Adding Kapiti helped boost the company’s revenues past £93 million in 1994, while the company’s profits were soaring, to nearly £19 million.

Although Misys was still considered a “little-known software company,” according to Computer Weekly, its 1995 takeover of ACT Group pic made it Great Britain’s largest software supplier.

For fiscal 1996, Medic had revenue of $192 million and net income before taxes of $39 million.

By 1997, Misys had operations in 50 countries, with more than half of its revenue coming from outside the United Kingdom.

For fiscal 1998 ending May 31, Misys reported revenue of £448 million and an operating profit of 98 million pounds.

Misys went online in 1999, opening its business-to-business portals, m-link and i2i-link, geared toward the financial advisor and insurance sectors.

Those ventures, screentrade.com and theformula.com, which started up in 2000, gave site visitors access to comparison tools and other services for car insurance and mortgage rates and other financial products.