Temenos acquires partner to strengthen direct channel and increase presence in key growth markets

18 July 2008

GENEVA, Switzerland – 18 July 2008 - Temenos Group (SWX: TEMN), a market leading provider of core banking software, today announces that it has signed an agreement to acquire the core banking assets of Informer Group for USD40.3 million in cash and shares. The transaction is expected to be accretive to adjusted EPS by USD0.02 in 2008 and by USD0.08 in 2009.

Download the full press release 

-ENDS-

About Informer SA

INFORMER SA is one of the largest and most experienced suppliers of “total solutions” in Information Technology (IT Integrators) in Greece.   Established in 1979 and now listed on the Greek Stock Exchange, it has extensive experience in core banking solutions and implementations across Europe and the Middle East.  Informer SA has offices in Romania, Egypt and Cyprus. (www.informer.gr)

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 44 offices worldwide, Temenos serves over 600 customers in more than 120 countries.  

Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe.  

Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos annually invests around 20% in R&D, significantly more than its peers, into a single fully packaged upgradeable software release, which ensures all Temenos customers benefit from modern technology and support indefinitely. 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

James White
Hudson Sandler
Tel: +44 (0) 20 7710 8910
Email: james.white@hudsonsandler.com