Stuttgart/GENEVA – 3 May 2011 – GFT Group, a leading international provider of innovative Information Technology (IT) solutions and services and Temenos, the market leading provider of banking software, today announced the signing of a partnership agreement to significantly enhance the sales, service and delivery capabilities of Temenos’ solutions within Europe, focusing on Spain, Portugal, the UK and Germany.
Under the terms of the agreement, GFT will provide project management, and integration and testing services for core banking solution TEMENOS T24 (T24), the internet banking solution ARC Internet and Temenos’ new mobile banking solution, ARC Mobile.
The partnership combines GFT’s vast technological expertise in the financial services sector with Temenos’ award winning solutions and methodologies to provide existing and prospective clients with a comprehensive delivery platform and access to the best possible skills and resources in the industry. The new alliance allows Temenos to leverage GFT’s industry leading data migration, testing and project management expertise to support Temenos’ existing European client base. GFT will provide deep experience in front office technologies, particularly relating to internet and mobile channels. Temenos is actively working with GFT on strategic projects to enhance its ARC Internet capabilities, particularly around on-line customer acquisition and to validate its architectural roadmap for front office solutions.
The new alliance formalises the successful relationship between the two organisations, which have previously collaborated on T24 implementations for leading financial institutions in Europe.
“The partnership with Temenos is a significant step in a strategic growth area for GFT. More and more of our clients are asking for package implementation services on top of bespoke development work,” commented Carlos Eres, Managing Director of GFT Spain.
Mike Head, Global Alliances Director, Temenos, added, “As such a fast growing organisation, Temenos’ partner programme forms the foundation for us to successfully manage a vast number of banking system implementations across the globe. GFT’s sound delivery experience across Europe adds a significant strand to our partner programme which will enable us to offer our clients in this region superior business management and project delivery skills in both core systems and front office application delivery, as well as develop new sales opportunities for Temenos. GFT’s international standing offers the potential to geographically extend the relationship moving forward”.
The GFT Group, headquartered in Germany, is an international provider of innovative IT solutions and services. Over 20 years of experience makes the company a reliable and strategic IT partner, enabling its clients to optimise their business processes through intelligent IT systems and specialists and to thus sustainably improve their competitive positions. GFT is among the world's leading IT service providers in the financial services sector. The company combines established technology experience with a wide range of industry expertise, in order to develop, implement and maintain customised IT solutions (Services division). GFT recruits and places IT freelancers across a range of industries and locations. It also oversees the complete management package for its clients. The basis for this is a worldwide reserve of experts, consisting of over 180,000 freelance IT specialists (Resourcing division). Ulrich Dietz founded GFT in 1987 and is now CEO of the Group which, in 2010, achieved revenues of around 248 million EUR. It has more than 1,300 employees at locations in seven countries. GFT shares are listed on the Frankfurt Stock Exchange (Prime Standard: WKN 580 060, GEX). For more information please visit www.gft.com
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 more than 60 offices worldwide, Temenos serves over 1100 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 2010; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards. 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
For more information, contact:
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Hudson Sandler for Temenos
T +44 (0)20 7710 8940