Temenos Group AG (SWX: TEMN) is a company specialising in enterprise software for banks and 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.
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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, microfinance and community banks. Headquartered in Geneva, Switzerland, and with 65 offices in 42 countries, Temenos serves over 2,000 financial institutions in 145 countries across the world. It claims to be used by 41 of the top 50 banks worldwide.
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History
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 Temenos, in reference to a lecture on Money given by Hans-Wolfgang Frick at the Temenos Academy (1992), and continued to develop and market GLOBUS.
In 2001, TEMENOS went public, 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 the 30th September 2003 Temenos launched T24. T24 was based on GLOBUS, 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, and Andreas Andreades became Chairman.
Acquisitions
References
External links
- Official website
Source of the article : Wikipedia
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