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.”