Temenos strenghens its position in IBS Sales League Table 2005
02 March 2006
GENEVA, Switzerland – 2 March 2006: TEMENOS Group (SWX:TEMN), the provider of integrated core banking systems, today announced that International Banking Systems (IBS) places TEMENOS T24™ second in its Sales League Table 2005. The company has appeared in the top two positions of the league table for seven of the last eight years. In 2005, the report states that 32 new customers selected TEMENOS T24, an increase of 14% on last year with another two deals for TEMENOS™ COREBANKING. This now gives TEMENOS the largest core banking client base in the world with a stated 400 clients and 600 live sites.
Andreas Andreades, CEO, TEMENOS, says: “We have consistently excelled in the IBS league table and our ranking is confirmation of our exceptional achievements in the industry. 2005 saw our Initial Licence Fees (ILF) increase by 47% to US$ 91 million, and over two years we have grown by almost 80%. As the core banking market matures, we continue to invest in our products to ensure they meet the highest demands of our global client base.”
The report counts number of new named clients and so placed Flexcube from i- flex Solutions first with six more deals than TEMENOS. However the report acknowledges that this does not take into account actual deal size, where TEMENOS T24 has an average deal size of US$ 2.7 million, compared to Flexcube of US$ 1.6 million. Infosys, another competitor in the TEMENOS target market, was ranked sixth with 13 new name deals.
As well as the 32 new clients listed in the report, a further 34 clients selected the ASP model with two deals for TEMENOS™ COREBANKING. New clients for TEMENOS came from every geographic region in retail, universal, wholesale and private banking sectors and included several central banks.
TEMENOS T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on an open architecture, and uses established standards such as HTTP, XML and J2EE. It offers a single client view across the enterprise and can support huge numbers of users with true non-stop resilience. It offers multiple application server support and is the only system available with no end-ofday batch processing and so can genuinely boast of providing real-time 24/7 non-stop banking.
TEMENOS COREBANKING is a modern, scalable retail banking platform that is capable of handling growing business volumes of the very largest banks worldwide. It offers all the functionality required by operations on this scale, but a greatly reduced cost of transactions and operations compared with other, less efficient solutions. Above all, TEMENOS COREBANKING is a multi-bank system in a single software image that enables banks to develop new products across many channels quickly and cost-effectively.
Andreades adds: “We’ve already got off to a strong start in 2006 with some significant deals in the pipeline. This year, we are set to further strengthen our product offering and continue to implement our growth strategy. We will not rest until we are the leading brand in financial services software.”
The IBS Sales League Table is published by IBS Publishing, and is based on sales of technology systems to the banking sector. IBS Publishing is dedicated to the wholesale, retail and private back office systems market sector.
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About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com