GENEVA, Switzerland – 24th April 2012 – Temenos (SIX: TEMN), the market leading provider of banking software, is pleased to announce that Forrester Research, Inc. has ranked Temenos in the top position of the global vendor pyramid in its April 2012 report, Global Banking Platform Deals 2011.
The research assessed 25 banking platforms, covering banking platform functionality, number of new customers, and global success by geography. Despite the highest level of vendor participation ever, Temenos was the only vendor that remained a Global Power Seller, with 39 new win deals, across more than 5 regions in 2011.
Temenos is set to continue to dominate the core banking market globally as banks take a cautious approach to vendor selection in the context of the difficult market conditions, and look for a strong partner to help guide through and reduce risk.
Commenting on the results, Mark Cullinane, Temenos COO, said: “We are excited that we were able to maintain our leadership position as a Global Power Seller for the seventh consecutive year, underscoring the strength of our market position as we continue to outperform the competition. In addition to our focus on sales, we are investing heavily in our implementation services and support to ensure that our clients benefit from reduced risk and more successful projects.”
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 700 implementations around the globe. 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
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