Temenos Group AG (SWX:TEMN) is seeking acquisitions. Max Chuard, Chief Executive Officer of Temenos, said, “We said last year, some markets were a small bolt-on acquisition, like the
one that we've done with Rubik, could upset growth in such a market. And there are ongoing discussions, but it's always difficult to say if those will materialize. But clearly, those highly synergistic who can sit with Rubik within a couple of months, we've got a very large pipeline of opportunity there already. So we said, basically from (inaudible) we will assess the markets where we could expand. And as well as from a market point of view, clearly, today, we've got a very strong leadership position. The growth side, we could expand some of the markets as well as we've done with (inaudible) capital market, we could build on that. So I think clearly those would be the areas where we could enlarge our market opportunity.”
Temenos AG, formerly Temenos Group AG, is a Switzerland-based company engaged in the development and marketing of banking software systems. Its services include implementation, performance optimization, integration, administration, maintenance, upgrades, training and support for its software solutions. It offers solutions for retail, corporate, universal, Islamic and microfinance and community banking sectors, as well as for Private Wealth Management. The Company's client base consists of mostly banking and other financial services institutions. Its core products are Temenos T24 Core Banking (T24), a front to back office, Customer Relationship Management (CRM) and product lifecycle management software platform, as well as Front Office, an integrated, role-specific, and multi-channel solution that supports banksâ daily interactions and long term relationships with their retail, corporate, mass affluent, and High-Net-Worth (HNW) customers. It offers also funds and securities solutions.