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Temenos AG
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Temenos AG
Type Public (SIX: TEMN)
ISIN CH0012453913
Industry Banking Software
Computer software
Digital banking
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
Max Chuard, CEO
Takis Spiliopoulos, CFO
Jean-Michel Hilsenkopf, COO
Mark Winterburn, Chief Product and Technology
Officer
Alexa Guenoun, President, Americas and Global
Head of Partners
Colin Jarrett, Chief Cloud and Delivery Officer
George Koukis, Founder and Non-executive
director
Products Temenos Infinity - Digital Front Office
Temenos Transact - Core Banking
Temenos Payments
Temenos Fund Administration
Temenos SaaS
Revenue $981 million (2019 revenue)[1]
Number of 8,000 (2019)[2]
employees
Website www.temenos.com
Temenos AG (SWX: TEMN) is a company specialising in enterprise software for banks and financial
services, with its headquarters in Geneva, Switzerland. Temenos was initially created in 1993, and
has been listed on the Swiss stock exchange since 2001.
Contents
1Company profile
2History
o 2.1Acquisitions
3References
Company profile[edit]
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos AG is a provider
of banking software systems to retail, corporate, universal, private, Islamic, microfinance and
community banks. Headquartered in Geneva, Switzerland, and with 63 offices in 42 countries,
Temenos serves over 3,000 financial institutions in 145 countries across the world.[3][2] It claims to be
used by 41 of the top 50 banks worldwide.[2][3]
History[edit]
The company was started in November 1993, by George Koukis having acquired the rights to
GLOBUS, the successful banking software platform developed by a team of technical and banking
experts in 1988. The company was renamed to Temenos, in reference to a lecture on Money given
by Hans-Wolfgang Frick at the Temenos Academy[4] (1992), and continued to develop and market
GLOBUS.
In 2001, Temenos went public,[5] and is listed on the main segment of the SWX Swiss Exchange
(TEMN). Also in 2001, Temenos acquired a mainframe core banking application aimed at high-end
retail banks, originally developed by IBM, and now marketed as Temenos Corebanking.
On 30 September 2003 Temenos launched T24. T24 was based on GLOBUS,[6] but with a state of
the art banking technology platform. This is the result of 3 years of development effort and an
investment of more than USD 24 million.
In 2011, George Koukis stepped down as chairman and became a non-executive director,[7] and
Andreas Andreades became chairman.
Acquisitions[edit]
Companies acquired by Temenos, listed by year
Year Company Country
2007 Actis.bsp[8] Germany
2008 Financial Objects Ltd[9] United Kingdom
2008 Lydian Associates Ltd[10] United Kingdom
2009 Viveo[11] France
2010 FE Mobile[12] United Kingdom
2010 Odyssey Financial Technologies[13][14] Luxembourg
2011 Primisyn[15] Canada
2012 Edge IPK[16] United Kingdom
2013 Trinovus[17] United States
2015 Akcelerant[18] United States
Companies acquired by Temenos, listed by year
Year Company Country
2015 Multifonds[19] Luxembourg
2017 Rubik Financial Limited ('Rubik')[20] Australia
2018 Avoka [21] United States
2019 Htrunk Software Solutions [22][23] India
2019 Logical Glue United Kingdom
2019 Kony, Inc USA / India
References[edit]
1. ^ "Capital Markets Day 2020 Presentation" (PDF). Temenos company
website.
2. ^ Jump up to:a b c "Capital Markets Day 2020
Presentation" (PDF). Temenos company website.
3. ^ Jump up to:a b "REAL-WORLD FINTECH: Interim Report
2017" (PDF). temenos.com.
4. ^ "Temenos Academy Publications
catalogue". www.temenosacademy.org.
5. ^ "Investor FAQs". Temenos. Retrieved 13 October 2017.
6. ^ "Temenos Globus / T24 Banking Package « WIKIBANKING dot
INFO". www.wikibanking.info. Retrieved 13 October 2017.
7. ^ "Temenos Group announces CEO and Chairman succession
plans". temenos.com. Temenos Headquarters SA. 16 February 2011.
Archived from the original on 4 May 2012. Retrieved 3 October 2017.
8. ^ "Temenos buys German banking software outfit
ACTIS.BSP". Finextra Research. 12 March 2007. Retrieved 13
October 2017.
9. ^ "Temenos to acquire Financial Objects", Finextra, 3 July 2008,
retrieved 9 June 2010
10. ^ "Temenos Acquires Lydian Associates To Enhance Business
Intelligence Modules | Global Custodian". www.globalcustodian.com.
Retrieved 13 October 2017.
11. ^ "Temenos buys rival core vendor, Viveo", IBS Journal, 6 January
2010, retrieved 9 June2010
12. ^ "FE-Mobile acquired by Temenos Group AG |
Gibraltar". www.bcms.com. Retrieved 13 October 2017.
13. ^ Finextra (28 September 2010). "Temenos agrees Odyssey
acquisition". Finextra Research. Retrieved 13 October 2017.
14. ^ "Odyssey Financial Technologies joins forces with
Temenos". odyssey-group.com. Odyssey Group S.A. 27 September
2010. Archived from the original on 30 May 2014.
15. ^ "Temenos buys Canadian BI software vendor Primisyn". Finextra
Research. 27 July 2011. Retrieved 13 October 2017.
16. ^ "Temenos Acquisition Adds New Front-End Software to Its Core
Offerings | Bank Systems & Technology". Bank Systems &
Technology. Retrieved 13 October 2017.
17. ^ "Temenos expands U.S. footprint with TriNovus buy". Reuters. 22
March 2013. Retrieved 13 October 2017.
18. ^ "Temenos purchases Akcelerant to accelerate growth in North
America". Temenos. Retrieved 13 October 2017.
19. ^ "BRIEF-Temenos Group acquires Multifonds for 235 mln
euros". Reuters. 4 March 2015. Retrieved 13 October 2017.
20. ^ "Temenos announces closing of Rubik acquisition and revises its
2017 outlook". Temenos. Retrieved 13 October 2017.
21. ^ "Temenos acquires US-headquartered SaaS vendor Avoka to
strengthen its leading Digital Front Office banking product". Temenos.
Retrieved 12 December 2018.
22. ^ "Temenos acquires hTrunk to accelerate its analytics and big data
solutions". Temenos. Retrieved 22 February 2019.
23. ^ "Temenos acquires Bangalore based big data firm hTRUNK". IBS
Intelligence. 21 February 2019. Retrieved 22 February 2019.
hide
SMI MID (SMIM) companies of Switzerland
Categories:
Software companies of Switzerland
Banking software companies
Financial software companies
Companies based in Geneva
Companies listed on the SIX Swiss Exchange
Swiss brands
Software companies established in 1993
1993 establishments in Switzerland
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