Temenos AG: Difference between revisions
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2010: Temenos signs further agreements with [[Deloitte]] and [[Capgemini]].<ref>[http://www.ibsintelligence.com/index.php?option=com_content&view=article&id=14887:temenos-and-deloitte-sign-strategic-partnership-for-t24-implementation&catid=2:news&Itemid=12 IBSintelligence.com]</ref><ref>[http://www.bobsguide.com/guide/news/2010/May/25/ |
2010: Temenos signs further agreements with [[Deloitte]] and [[Capgemini]].<ref>[http://www.ibsintelligence.com/index.php?option=com_content&view=article&id=14887:temenos-and-deloitte-sign-strategic-partnership-for-t24-implementation&catid=2:news&Itemid=12 IBSintelligence.com]</ref><ref>[http://www.bobsguide.com/guide/news/2010/May/25/temenos-and-capgemini-form-strategic-alliance.html Bobsguide.com]</ref> |
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2010: Temenos acquires Odyssey Financial Technologies.<ref>[http://www.odyssey-group.com/press-News_2010_0927_PR_Temenos.html Odyssey-group.com]</ref> |
2010: Temenos acquires Odyssey Financial Technologies.<ref>[http://www.odyssey-group.com/press-News_2010_0927_PR_Temenos.html Odyssey-group.com]</ref> |
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Revision as of 14:52, 19 June 2012
 | The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (April 2010) |
| The Temenos logo (2008 – Present) | |
| Company type | Public (Template:SIX) |
|---|---|
| Industry | Banking Software Computer software |
| Founded | Geneva, Switzerland (1993, as Temenos Systems) |
| Headquarters | 18 Place des Philosophes, Geneva, Switzerland |
Key people | Andreas Andreades, Chairman Guy Dubois, CEO David Arnott, CFO Andre Loustau, CTO Mark Cullinane, COO George Koukis, Founder and Non-executive director |
| Products | TEMENOS T24 Insight TEMENOS COREBANKING (TCB) Insight Risk ProDB AML STeP Payments Repair ARC Mobile energycredit |
| Revenue |  $414 million (16 June 2011)[1] |
Number of employees | Approximately 3,500 as at Q4 2009 |
| Website | [7] |
Temenos Group AG (SWX: TEMN) is a software company specializing in core banking systems.
Company profile
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva and with more than 60 offices in 41 countries, Temenos serves over 1,000 financial institutions in more than 125 countries across the world.[2]
According to the journal IBS Intelligence,[3] which maintains an annual league table, TEMENOS T24 has been the first or second best selling core banking solution for the last 12 years and in 2009 was the best selling solution for the third year in a row.[citation needed] Forrester Research ranks Temenos as one of only two global power sellers (Forrester Global Banking Platform Deals Report 2010)[4][citation needed] and Temenos has been the winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards.[5] [citation needed]
Temenos customers are alleged to be more profitable than their peers: analysis on data from The Banker1 – top 1000 banks supposedly shows that Temenos customers enjoy a 62% higher return on capital, a 54% higher return on assets and a cost/income ratio that is 7.2 points lower than non-Temenos customers.[citation needed]
Temenos entered into merger talks with rival Misys in February 2012 after Misys failed to reach a deal with Fidelity.[6]
History
The company was started in London in 1993. Later the company was acquired by George Koukis and renamed Temenos, in reference to a lecture on Money given by Hans-Wolfgang Frick at the Temenos Academy[7] (1992). Temenos became therefore a Swiss company.[8]
2001: Temenos floated an IPO. It also acquired IRIS and introduced Temenos Core Banking (TCB)[9]
2006: Temenos makes strategic acquisition of TLC Risk Solutions.[10]
2007: Temenos expands German footprint with acquisition of ACTIS.BSP [11]
2008: Temenos acquires partner Informer Group.[12]
2008: Temenos acquired the London-based company Financial Objects Ltd in September 2008,[13]
2008: Temenos acquires Lydian-Associates[14]
2009: Temenos signed a partnership agreement with Cognizant[15]
2009: Temenos makes largest acquisition to date by acquiring French company Viveo.[16]
2010: Temenos signs further agreements with Deloitte and Capgemini.[17][18]
2010: Temenos acquires Odyssey Financial Technologies.[19]
2010: Inntron names Temenos as one of the Top 10 Core Banking System predictive vendors for Europe and Asia Pacific.[20]
2011: George Koukis steps down as Chairman and becomes a Non-executive director.[21]
2011: Andreas Andreades steps down as CEO and becomes Chairman.
2011: Guy Dubois takes over as new CEO.
2011: Temenos partner Wipro on core banking ASP offering for European Banks.[22]
2011: Temenos acquires Canadian Business Intelligence (BI) Provider Primisyn.[23]
See also
References
- ^ "Results for the Fourth Quarter and Year ended 31 March 2009". www.temenos.com. Temenos. 16 June 2010. Retrieved 16 June 2010.
- ^ "Temenos serves over 1,000 financial institutions in more than 125 countries across the world". temenos.com.
- ^ http://www.ibsintelligence.com/
- ^ Hoppermann, Jost. "Global Banking Platform Deals 2010". Forrester Research, Inc. Retrieved 11 August 2011.
- ^ url=http://www.bankingtech.com/content/ipi/bankingtech/pdf/BTReaders_Choice_Awards_2010.pdf
- ^ Rahn, Cornelius; Browning, Jonathan (3 February 2012). "Misys In Talks Over Merger With Swiss Rival Temenos After Fidelity Failure". Bloomberg.
- ^ Temenosacademy.org
- ^ Koukis, George (19 April 2009), Graduation Speech, ESE London, retrieved 9 June 2010
- ^ "Temenos announces acquisition of IRIS; Temenos poised to capture lucrative tier 1 corebanking sector". Business Wire. findarticles.com. 2001.
- ^ [1]
- ^ [2]
- ^ [3]
- ^ "Temenos to acquire Financial Objects", Finextra, 3 July 2008, retrieved 9 June 2010
- ^ [4]
- ^ Finextra.com
- ^ "Temenos buys rival core vendor, Viveo", IBS Journal, 6 January 2010, retrieved 9 June 2010
- ^ IBSintelligence.com
- ^ Bobsguide.com
- ^ Odyssey-group.com
- ^ Inntron.com
- ^ http://www.temenos.com/Press-Releases/2011/Temenos-Group-announces-CEO-and-Chairman-succession-plans/
- ^ [5]
- ^ [6]
External links