Temenos Group

Temenos Group AG
Public (SIX: TEMN)
Industry Banking Software
Computer software
Founded Geneva, Switzerland (1993, as Temenos Systems)
Headquarters Temenos Headquarters SA, 2 Rue de l’Ecole-de-Chimie, CH - 1205 Geneva, Switzerland
Key people
 Andreas Andreades, Chairman
David Arnott, CEO
Max Chuard, CFO and COO
Andre Loustau, CTO
George Koukis, Founder and Non-executive director
Products Analytics
Core Banking (T24)
Channels
Financial Crime Mitigation
Front Office
Funds & Securities
Payments
Risk & Compliance
CorporateSuite
FundSuite
IslamicSuite
MicrobankingSuite
RetailSuite
WealthSuite
UniversalSuite
Revenue Increase $999.8 million (2013 revenue)[1]
Number of employees
 4,000 (2016)[2]
Website www.temenos.com

Temenos Group AG (SWX: TEMN) is a company specialising in software for financial services, with its headquarters in Geneva, Switzerland. The group was initially created 1993, and has been listed on the Swiss Stock exchange since 2001.


Company profile

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos 24(T24) Group AG is a provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks. Headquartered in Geneva and with more than 60 offices in 50 countries, Temenos serves over 1,000 financial institutions in more than 125 countries across the world.[3] It claims to be used by 38 of the top 50 banks worldwide.[2]

Temenos entered into merger talks with rival Misys in February 2012 after Misys failed to reach a deal with Fidelity.[4]

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[5] (1992). Temenos became therefore a Swiss company.[6]

2008: Temenos acquired the London-based company Financial Objects Ltd in September 2008,[7]

2009: Temenos signed a partnership agreement with Cognizant[8]

2009: Temenos makes largest acquisition to date by acquiring French company Viveo.[9]

2010: Temenos signs further agreements with Deloitte and Capgemini.[10]

2010: Temenos acquires Odyssey Financial Technologies.[11]

2011: George Koukis steps down as Chairman and becomes a Non-executive director.[12]

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.[13]

2012: David Arnott is the new group CEO, Guy Dubois stepped down for personal reasons[14]

References

  1. ↑ "2013 Financial Statement" (PDF). www.temenos.com. Temenos. 27 March 2014. Retrieved 27 March 2014.
  2. 1 2 "What we do - Temenos". Temenos company website. Retrieved 16 November 2016.
  3. ↑ "Temenos serves over 1,000 financial institutions in more than 125 countries across the world". temenos.com.
  4. ↑ Rahn, Cornelius; Browning, Jonathan (3 February 2012). "Misys In Talks Over Merger With Swiss Rival Temenos After Fidelity Failure". Bloomberg.
  5. ↑ Temenosacademy.org
  6. ↑ Koukis, George (19 April 2009), Graduation Speech, ESE London, retrieved 9 June 2010
  7. ↑ "Temenos to acquire Financial Objects", Finextra, 3 July 2008, retrieved 9 June 2010
  8. ↑ Finextra.com
  9. ↑ "Temenos buys rival core vendor, Viveo", IBS Journal, 6 January 2010, retrieved 9 June 2010
  10. ↑ IBSintelligence.com
  11. ↑ Odyssey-group.com
  12. ↑ http://www.temenos.com/Press-Releases/2011/Temenos-Group-announces-CEO-and-Chairman-succession-plans/
  13. ↑
  14. ↑ Finance Chief David Arnott Gets Promoted CFO Insight Magazine, Accessed 09/17/2012
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