Temenos appoints GFI Informatique as first French Regional Services Partner for Southern Europe

GENEVA, Switzerland and PARIS, France 4th December 2009 – Temenos, the market leading provider of integrated core banking systems and GFI Informatique, a leading IT services provider in Southern Europe, today announced an alliance to deliver TEMENOS T24 (T24) in France and other Southern European countries.

The new partnership has been formalised to address the growing demand for T24 across Europe and strengthen Temenos’ global delivery capability as part of its partner strategy. As Temenos’ first regional services partner in the southern European region, GFI Informatique will bring leading system integration and project management skills to Temenos and its customers across France and other neighbouring countries. The complementary skills of the two organisations will further strengthen Temenos’ project and delivery capabilities within France.

As part of the new alliance, GFI Informatique will train its consultants to deliver T24 projects and gain Temenos Model Bank certification, to ensure consultants are able to offer customers the knowledge and expertise needed to address individual banks’ requirements whilst being able to deliver projects in accordance with the best practice processes of T24.

Commenting on the new partnership, Alexa Guenoun, Regional Manager, Temenos France, remarked, “As a global organisation running a multitude of projects concurrently, it is vital that we are able to provide all of our customers with local banking knowledge and expertise that meet their specific needs and which are complementary to Temenos. We are delighted to appoint GFI Informatique in full confidence that this partnership will enhance Temenos; superior service capabilities across Southern Europe. The two organisations have been cooperating for some time and this now formalises the relationship.”

Lionel Lavigne, Head of the Banking & Insurance sector of GFI Informatique, states, "We are fully committed to the success of this partnership with Temenos by investing significantly in training our experts teams, setting up an internal T24 platform and launching joint commercial & marketing initiatives. We are pleased to be working with Temenos, a worldwide leader in core banking software, which reinforces the new GFI Informatique strategy of establishing strong partnerships with leading software vendors."

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About GFI Informatique

GFI Informatique is a major player in the IT services sector in Southern Europe with five strategic offerings: Consulting, ERP integration, Engineering, Infrastructures & Production and Software Solutions. The sector-based organisation being implemented focuses chiefly on five areas: Banking-Insurance, Telecoms, Public Sector, Transport-Services, and Utilities-Energy. As part of its industrialisation policy, the Group has 11 skills centres, two national design and production service centres, and three offshore centres. GFI Informatique recorded 2008 revenue of €768.1m with a workforce of 10,000. 

About Temenos

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: 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 51 offices worldwide, Temenos serves over 700 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 is top of the IBS Sales League Table 2008, winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companies Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 62% higher return on assets, a 54% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.

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
Director, Strategic Planning
T:  +41 (0) 22 708 1535
M: +41 795 207208/ +44 7803 887929
brobinson@temenos.com

Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: pshuttlewood@temenos.com

Sarah Mason
Team 660
Metia for Temenos
Tel: +44 (0) 20 3100 3613
Email: sarah@metia.com

Melanie Hesketh
Team 660
Metia for Temenos
Tel: +44 (0) 20 3100 3584
Email: melanie.hesketh@metia.com