T24 News
Temenos makes biggest acquisition to date
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Temenos makes biggest acquisition to date – gains clear leadership position in France, cements overall leadership in core banking
GENEVA, Switzerland, 24 December 2009 – Temenos (SIX: TEMN), the market-leading provider of integrated core banking systems, today announces that it has signed a definitive agreement to acquire Viveo Group, the French market leader in core banking systems. The price of the acquisition is USD81m, which equates to approximately 3.8x 2010 expected maintenance revenues. The deal is being financed entirely by existing debt facilities and is expected to be strongly accretive to earnings from 2010. The deal is not subject to any further approval.
GENEVA, Switzerland, 24 December 2009 – Temenos (SIX: TEMN), the market-leading provider of integrated core banking systems, today announces that it has signed a definitive agreement to acquire Viveo Group, the French market leader in core banking systems. The price of the acquisition is USD81m, which equates to approximately 3.8x 2010 expected maintenance revenues. The deal is being financed entirely by existing debt facilities and is expected to be strongly accretive to earnings from 2010. The deal is not subject to any further approval.
Microsoft and Temenos Join Forces to Innovate Core Banking Solutions
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New commercial and technology agreement is expected to accelerate return on investment of missioncritical core banking operations.
GENEVA and REDMOND, Wash. — Dec. 10, 2009 — Temenos Group AG, the market leading provider of integrated core banking systems, and Microsoft Corp. today announced an alliance for delivering core banking solutions with TEMENOS T24 and Microsoft SQL Server to greatly increase operational efficiencies of large-scale banks worldwide.
GENEVA and REDMOND, Wash. — Dec. 10, 2009 — Temenos Group AG, the market leading provider of integrated core banking systems, and Microsoft Corp. today announced an alliance for delivering core banking solutions with TEMENOS T24 and Microsoft SQL Server to greatly increase operational efficiencies of large-scale banks worldwide.
North Shore Credit Union boosts product innovation and customer service with Temenos and Microsoft
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GENEVA, Switzerland 9 December 2009 – Temenos (SIX: TEMN), the market-leading provider of integrated core banking systems, today announced that North Shore Credit Union (NSCU) has gone live on TEMENOS T24 (T24), running on a Microsoft platform including SQL Server 2008, making it the first Canadian financial institution to leverage the joint benefits of T24 and SQL and develop a more cost-effective and high-performance environment. The integrated SQL Server-T24 platform helps NSCU access a wide range of Microsoft-based tools while benefiting from T24’s advanced core banking functionality.
Research shows that the most profitable banks run Temenos
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GENEVA, Switzerland 9 November 2009 – Temenos (SIX: TEMN), the market-leading provider of integrated core banking systems, today reveals analysis showing that banks running its core banking software are significantly more profitable than their peers. Using data from The Banker Top 1000 banks 2009 report*, Temenos is able to demonstrate that banks running its software have on average: a 62% higher return on assets (at 15.3%), a 54% higher return on capital (at 1.3%) and a cost/income ratio (at 56.9) that is 7.2 points lower than non-Temenos customers.
Temenos wins the Banking Technology Readers’ Choice Award with T24
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Temenos wins the Banking Technology Readers’ Choice Award with T24
GENEVA, Switzerland, 6 November 2009 - Temenos (SIX: TEMN), the global provider of integrated core banking systems, is pleased to announce that it has won for the third year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software Temenos T24 (T24).
GENEVA, Switzerland, 6 November 2009 - Temenos (SIX: TEMN), the global provider of integrated core banking systems, is pleased to announce that it has won for the third year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software Temenos T24 (T24).
Temenos unveils advanced core banking offerings on IBM’s System z
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New legacy migration solutions bring wider enterprise views of customer transactions to spur business growth
GENEVA, Switzerland and ARMONK, NY 3 November 2009 – Temenos (SIX: TEMN), the global provider of integrated core banking systems, and IBM (NYSE: IBM) today announce an extension of their global strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBM’s System z server.
GENEVA, Switzerland and ARMONK, NY 3 November 2009 – Temenos (SIX: TEMN), the global provider of integrated core banking systems, and IBM (NYSE: IBM) today announce an extension of their global strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBM’s System z server.
Bank of Georgia to reduce product delivery time by 60% with T24
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GENEVA, Switzerland, 28 October 2009, Temenos (SIX: TEMN), the global provider of integrated core banking systems, today announced that Bank of Georgia (BOG) (LSE: BGEO), the leading Georgian bank which delivers retail, corporate and private banking services to more than 700,000 customers across 140 branches, has selected TEMENOS T24 (T24) to consolidate its operations. The deal, signed in September 2009, is in line with the Bank’s strategic objective of increasing technological enhancements to improve operational efficiency and customer service. Additionally, the system will enable BOG to capture cross-border synergies, as it aims to centralise its IT operations across Georgia, Belarus and Ukraine.
Fortis Bank Nederland goes live with T24
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Rapid deployment marks positive start to Fortis Bank Netherlands international corporate banking operations
GENEVA, Switzerland - 26 October 2009 - TEMENOS (SIX: TEMN), the global provider of integrated core banking systems, today announced that Fortis Bank Nederland N.V. (FBN) has gone live on TEMENOS T24 (T24) in just five months at its Singapore office. Driven by the separation of Fortis Bank Belgium in Brussels, Fortis Bank Nederland is currently implementing a new banking infrastructure internationally. Using T24, Fortis Bank Nederland will roll out T24 Model Bank for Corporate Banking internationally from one central hub based in The Netherlands, ensuring the continuity of services to all its international corporate banking clients.
GENEVA, Switzerland - 26 October 2009 - TEMENOS (SIX: TEMN), the global provider of integrated core banking systems, today announced that Fortis Bank Nederland N.V. (FBN) has gone live on TEMENOS T24 (T24) in just five months at its Singapore office. Driven by the separation of Fortis Bank Belgium in Brussels, Fortis Bank Nederland is currently implementing a new banking infrastructure internationally. Using T24, Fortis Bank Nederland will roll out T24 Model Bank for Corporate Banking internationally from one central hub based in The Netherlands, ensuring the continuity of services to all its international corporate banking clients.
Temenos Q3 2009 results show 81% growth
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Temenos Q3 2009 results show 81% growth in operating profit and trebling of operating cashflow – margin reaches 23%
Geneva, Switzerland, 21 October 2009 – Temenos Group AG (SIX: TEMN), the global provider of integrated core banking solutions, today reports third quarter results demonstrating continued strong growth in operating profit based on resilient licence sales and tight cost management.
Geneva, Switzerland, 21 October 2009 – Temenos Group AG (SIX: TEMN), the global provider of integrated core banking solutions, today reports third quarter results demonstrating continued strong growth in operating profit based on resilient licence sales and tight cost management.
Temenos signs 11th customer in Vietnam
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Orient Commercial Bank selects T24 to support Vietnamese growth strategy
GENEVA, Switzerland, 21 September 2009 – Temenos (SIX: TEMN), the global provider of integrated core banking systems, today announced that Orient Commercial Bank (OCB), a leading joint stock commercial bank in Vietnam has selected TEMENOS T24 (T24) to consolidate and support its entire retail and corporate banking operations, servicing 300,000 accounts across 70 branches.
GENEVA, Switzerland, 21 September 2009 – Temenos (SIX: TEMN), the global provider of integrated core banking systems, today announced that Orient Commercial Bank (OCB), a leading joint stock commercial bank in Vietnam has selected TEMENOS T24 (T24) to consolidate and support its entire retail and corporate banking operations, servicing 300,000 accounts across 70 branches.