TEMENOS T24 ranked International Best Selling Core Banking solution of 2010

Temenos tops IBS Sales League Table for fourth consecutive year

GENEVA, Switzerland, 9th March 2011 – Temenos Group (SIX: TEMN), the market-leading provider of integrated core banking systems, today announced that TEMENOS T24 (T24) secured the title of International Best Selling Core Banking solution in the IBS Intelligence Sales League Table 2011 (results for Jan-Dec 2010). This latest result confirms T24 as best-selling core banking platform in the league table for the fourth consecutive year, in which Temenos has maintained one of the top two positions for over a decade.

Martin Whybrow, founder of IBS and editorial director of the International Banking Systems Journal, comments: “2010 was another relatively tough year for the core banking systems market as banks continued to defer decisionmaking amid budgetary pressures and other priorities, notably in the area of regulation. However, Temenos had another strong year in most geographies and also started to see some traction within acquired user bases.”

Andreas Andreades, CEO, Temenos, comments: “T24 is now the most successful core banking package ever, each year extending our lead and 2010 was no exception. Last year we saw sales from larger tier 1 and 2 organisations return to pre downturn levels and strong adoption of T24 amongst our acquired client base through recent acquisitions. Our partner program contributed what is starting to be a significant part of our licenses.

We will continue to differentiate our offering through higher R&D investment than our peers, which enables us to package into a single upgradeable product - proven to lower cost of ownership levels against competitor products and deliver more profitable banking operations. With more than three quarters of the world’s fastest growing banks using modern core banking solutions, we expect that the core system replacement cycle will continue to accelerate. Our partner program is ensuring that we can make our product available to an ever larger potential market, enabling banks to pursue implementations with absolute confidence of success”.

As a company that focuses 100% of its development resources on packaged software for the banking industry, Temenos is uniquely positioned in that it provides a single release of its product across all geographies and banking sectors including retail, corporate, universal, private wealth, Islamic and microfinance.

The IBS Sales League Table is compiled annually by IBS Intelligence and is universally acknowledged as the barometer for international core banking systems sales. It covers new-name sales for the period January- December with each entry cross-checked against IBS’s own records and independently verified where necessary.

View the IBS Sales League Table 2011 (results Jan-Dec 2010)
http://www.ibsintelligence.com/index.php?option=com_content&view=category&layout=blog&id=52&Itemid=15

IBS Intelligence is the definitive source for independent, in-depth news, research and analysis of the core banking systems and wider financial technology markets. For more information on the IBS Sales League Tables, plus a comprehensive range of essential market reports, guides and research materials, including the monthly IBS Journal, please visit www.ibsintelligence.com or contact Jon Raeside, marketing manager, at This email address is being protected from spambots. You need JavaScript enabled to view it.

About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN),Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1100 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations.Temenos is top of the IBS Sales League Table 2010; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companiesTemenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.

For more information please visit www.temenos.com
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
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Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
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Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
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