Temenos and CSC Announce Partnership
18 August 2010
GENEVA, 18 August 2010 -- Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland. In partnership, Temenos and CSC will offer core banking solutions with a fast and cost-efficient implementation.
Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.“
Christian Steinebach, Vice President of Financial Services, CSC adds: “Many banks face the challenge of replacing their legacy systems from the 1970s and 1980s. We have the competencies required to help them do that and Temenos is a software partner delivering a product quality that meets our high demands. Due to a consistent methodology and an efficient cooperation of Temenos and CSC experts we can minimise the investment risks of our clients.”
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About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the company’s website at www.csc.com.
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 56 offices worldwide, Temenos serves over 1000 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 2009; 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 54% higher return on assets, a 62% 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
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: pshuttlewood@temenos.com
Ben Robinson
Director, Strategic Planning
T: +41 (0) 22 708 1535
M: +41 795 207208/ +44 7803 887929
Email: brobinson@temenos.com
Sarah Bowman
Associate Director, IR
T: +1 646 472 8069
M: +1 646 752 5463
Email: sbowman@temenos.com
Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
Email: cbarry@hudsonsandler.com
Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8912
Email: lclark@hudsonsandler.com