Financial Objects is now part of Temenos

10 September 2008

Completion of Financial Objects acquisition
Temenos is pleased to announce the completion of this acquisition, which reinforces its continued objective of enhancing its position as the world’s leading provider of packaged banking software.

This acquisition creates significant value for all stakeholders, by bringing together two companies with an excellent strategic fit and complementary skill sets to give rise to significant synergies and cross-selling opportunities.

We will continue to support the company’s current and potential clients across all of its business lines. Temenos believes Financial Objects’ clients will benefit from the acquisition in that the enlarged group will be able to draw on broader expertise and resources to offer far more compelling products and technology today and in the future.     

Temenos is excited to be working with the skills and experience acquired from Financial Objects and is pleased to welcome Financial Objects staff into the Temenos Group. Temenos believes that this acquisition signifies the shared vision of Temenos and Financial Objects in delivering innovative, industry leading solutions to the global banking market and is confident that the collaborative strengths of the two companies will drive this vision forward.  

Financial Objects product sets and services
Information on the Financial Objects product sets and services can be accessed by clicking on the following links:

• activebank - wealth management
  
• activebank - retail banking
  
• ibis s2 - banking
  
• energycredit - credit risk management
  
• fairs - financial adviser services
  
• radar - operational risk management
  
• genisys - document management
  
• gvas - property asset management
• bespoke services