T24 News
Temenos strengthens product development strategy with senior appointment
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Geneva, Switzerland, 9 November 2010 – Temenos (SIX: TEMN), the global provider of banking software, today announced that Mark Winterburn has agreed to join as Group Product Director from early 2011. In this role, Winterburn will be responsible for leading the strategic management of Temenos’ banking solutions including product definition, product strategy and market analysis and will oversee a dedicated team of product managers. He will report to Andre Loustau, Chief Technology Officer at Temenos and will be based in the company’s London offices.
Invitation to Temenos Investor Day - November 19
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Temenos Group AG
Investor and Analyst Event on Friday 19 November 2010
“Drivers for Growth”
Investor and Analyst Event on Friday 19 November 2010
“Drivers for Growth”
Temenos (SIX: TEMN), the market leading provider of banking software, would like to invite you to our Investor and Analyst event in London on Friday 19 November 2010.
The event will be based around the theme “Drivers for Growth” and will include presentations by Andreas Andreades (Chief Executive), Mark Gunning (Group Strategic Marketing Director) who will talk about Temenos’ product development and Mike Head (Global Alliances Director) who will talk about the Temenos’ partnership programme. The Temenos team will be joined by guest presenters; Tim Walker, Partner at Deloitte, and by a prestigious Temenos customer.
Temenos reports 41% Q3 licence growth - and reconfirms full year outlook
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Geneva, Switzerland, 27 October 2010 – Temenos Group AG (SIX: TEMN), the market leading provider of core banking solutions, today reports third quarter 2010 results showing outstanding growth in license revenues on the back of market share gains and strong software demand.
Temenos finalises acquisition of Odyssey Group
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18 October 2010 – Temenos (SIX: TEMN), the market leading provider of core banking software, today announces that its acquisition of Odyssey Group has formally closed. The acquisition was first announced on 28 September and for more details about the transaction, please refer to the Temenos press release of that date.
Leading online Swiss brokerage teams up with Temenos in growth drive
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Signing represents first adopter of TEMENOS T24 on Java
4 October 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that Swissquote, a leading online bank in Switzerland, will replace its Viveo NewBanking core platform with TEMENOS T24 (T24) in order to modernise its infrastructure, extend its service offering and improve efficiency.
4 October 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that Swissquote, a leading online bank in Switzerland, will replace its Viveo NewBanking core platform with TEMENOS T24 (T24) in order to modernise its infrastructure, extend its service offering and improve efficiency.
Temenos makes acquisition to strengthen Private and Wealth Management offering, reinforces market leadership
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28 September 2010 – Temenos (SIX: TEMN), the market leading provider of core banking software, today announces that it has signed an agreement to acquire Odyssey Group S.A. (Odyssey), a Luxembourg-based provider of application software for the Private banking and Wealth Management (PWM) market.
The consideration, to be funded through a combination of existing cash and existing facilities, is USD81.0m (EUR62.1m), but Temenos will take on Odyssey’s existing debt obligations of approximately USD20.3m, translating into a total enterprise value of USD101.3m (EUR77.7m). Even after taking account of the acquisition, and using consensus estimates for EBITDA, the company expects to finish the year with USD130m of cash on the balance sheet and USD275m of debt, giving net debt of USD145m or USD13m excluding the convertible bond.
The consideration, to be funded through a combination of existing cash and existing facilities, is USD81.0m (EUR62.1m), but Temenos will take on Odyssey’s existing debt obligations of approximately USD20.3m, translating into a total enterprise value of USD101.3m (EUR77.7m). Even after taking account of the acquisition, and using consensus estimates for EBITDA, the company expects to finish the year with USD130m of cash on the balance sheet and USD275m of debt, giving net debt of USD145m or USD13m excluding the convertible bond.
Temenos named a Leader in Leading Industry Analyst Firm’s International Retail Core Banking Magic Quadrant
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GENEVA, Switzerland – 27 September 2010 - Temenos (SIX: TEMN), the global provider of banking software, today announced that it has again been positioned by Gartner, Inc. in the Leaders Quadrant in the International Retail Core Banking Magic Quadrant report.
Gartner Inc. positioned vendors based on ability to execute and completeness of vision. Evaluation criteria included product/service capability, customer experience, market understanding and industry strategy.
Gartner Inc. positioned vendors based on ability to execute and completeness of vision. Evaluation criteria included product/service capability, customer experience, market understanding and industry strategy.
Bank of China International Limited taps Hong Kong wealth management market with new banking platform
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7 September 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that Bank of China International Limited (BOCIL), a wholly owned subsidiary of BOC International Holdings Limited (BOCI), has launched private banking operations in Hong Kong on TEMENOS T24 (T24) Model Bank running on Microsoft SQL Server 2008. BOCIL will deliver a comprehensive suite of high-end wealth management services exclusively for affluent private banking clients with net assets of US$ 1 million and above.
Microsoft and Temenos Prove Scale of Support for the Largest Retail Banking Operations
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Performance testing reveals revolutionising technology options for large banks and dramatically reduces core banking transaction processing costs.
REDMOND, Wash., and GENEVA — Sept. 1, 2010 — Microsoft Corp. and Temenos (SIX: TEMN), the global provider of banking software, today announced the successful completion of a high-performance benchmark that measured the high-end scalability of TEMENOS T24 (T24) on Microsoft SQL Server 2008 R2 and Windows Server 2008 R2 Datacenter.
The testing environment, created to reflect real-world retail banking activity volumes, was made up of 25 million accounts and 15 million customers across 2,000 branches. At peak performance the system processed more than 3,400 transactions per second in online testing and averaged over 5,200 interest accrual and capitalisations per second during close of business processing. The testing demonstrated near linear scalability (95 percent) in building up toward the final the hardware configuration.
REDMOND, Wash., and GENEVA — Sept. 1, 2010 — Microsoft Corp. and Temenos (SIX: TEMN), the global provider of banking software, today announced the successful completion of a high-performance benchmark that measured the high-end scalability of TEMENOS T24 (T24) on Microsoft SQL Server 2008 R2 and Windows Server 2008 R2 Datacenter.
The testing environment, created to reflect real-world retail banking activity volumes, was made up of 25 million accounts and 15 million customers across 2,000 branches. At peak performance the system processed more than 3,400 transactions per second in online testing and averaged over 5,200 interest accrual and capitalisations per second during close of business processing. The testing demonstrated near linear scalability (95 percent) in building up toward the final the hardware configuration.
Temenos and CSC Announce Strategic Partnership
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GENEVA, 18 August 2010 -- Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a strategic partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland. In partnership, Temenos and CSC will offer core banking solutions with a fast and cost-efficient implementation.
Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.
Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.