Temenos T24 achieves Oracle Exadata Optimized and Oracle Exalogic Optimized status
Latest achievement underlines Temenos' commitment to a multi-platform strategy
GENEVA, Switzerland – 22 August 2013 – Temenos (SIX: TEMN), a leading provider of mission critical solutions to the financial services industry, today announced that Temenos T24 (JAVA) release 13 has achieved Oracle Exadata Optimized and Oracle Exalogic Optimized status through Oracle PartnerNetwork (OPN). Additionally, T24 (JAVA) release 13 has been tested on and supports Oracle Solaris 11 and Oracle Linux.
The Temenos core banking software platform T24,is developed using a complete service-oriented architecture (SOA) that is modular and is deployed and integrated with the functionality needed for banks. Temenos is a Gold member in the Oracle PartnerNetwork.
Oracle Exadata delivers extreme performance and is the ideal database platform for OLTP applications, data warehouses as well as the varied and unpredictable workloads of cloud computing. It is a complete package of servers, storage, networking, and software that is massively scalable, secure and redundant. Oracle Exalogic Elastic Cloud is hardware and software engineered together to provide extreme performance, reliability and scalability for Oracle, Java and other business applications, while offering lower total cost of ownership, reduced risk, higher user productivity and one-stop support. Oracle Solaris 11 combines the reliability, security and scalability of the #1 enterprise OS with advanced virtualization, networking and management capabilities, allowing customers to run their most demanding applications in private, hybrid, or public clouds. Oracle Linux brings the latest Linux innovations to market, offering extreme performance, advanced scalability, and reliability for enterprise applications, and enables lower costs.
T24 was optimized for Oracle Exadata and Oracle Exalogic. The test results exceeded 1,500 transactions per second with a 500k customer and 500k account database. In addition, the executed end of month processing was under 30 minutes on a pure Java application.
Temenos will be speaking about ""Oracle Exastack - scalable, secure, high performance core banking with T24" at Oracle OpenWorld, San Francisco in September. Visit www.oracle.com/openworld for more information.
Martin Bailey, Temenos Product Director, said:
Temenos remains committed to offering the best platform support and performance across all the main commercial computing platforms. We work closely with our technology partners to optimise our solution for each stack and these accolades are further evidence of our commitment to our open stack strategy. Oracle Exalogic Elastic Cloud in conjunction with Oracle Exadata Database Machine is a strong fit for our mid to large customers and prospects.
Oracle Exastack Optimized recognizes partners who have optimized their solutions on a complete, integrated and cloud-ready infrastructure in order to help them accelerate innovation, unlock new features and functionality, and deliver superior value to users,
said Chris Baker, Senior Vice President, Worldwide ISV and OEM Sales, Oracle.
By achieving Oracle Exadata Optimized and Oracle Exalogic Optimized status, Temenos has demonstrated T24 is tested and tuned to work with Oracle Exadata Database Machine and Oracle Exalogic Elastic Cloud to help deliver optimum performance, scalability, and reliability to their customers.
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Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Headquartered in Geneva with 59 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 140 countries across the world. Temenos' products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos' expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost/income ratio than banks running legacy applications. For more information please visit www.temenos.com
About the Oracle Exastack Program
The Oracle Exastack program helps enable Independent Software Vendors (ISVs) and other members of Oracle PartnerNetwork (OPN) to rapidly build and deliver faster, more reliable applications. Leveraging the Oracle Exastack program, qualifying OPN members have access to Oracle performance experts and dedicated labs for testing and tuning their applications on Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud and Oracle SPARC SuperCluster. With an Oracle Exastack Optimized status, partners will receive access to corresponding Oracle branding, logos and related benefits to effectively differentiate their offerings. Customers can be confident when selecting Oracle Exastack Optimized applications that they are supported, and have been tested and tuned with the goal to achieve optimal performance, scalability and reliability. Also part of the program, Oracle Exastack Ready is dedicated to helping ISVs run their solutions on the latest major release of Oracle Exadata Database Machine, Oracle Exalogic Elastic Cloud, Oracle SPARC SuperCluster and their component products, including Oracle Database, Oracle WebLogic Server, Oracle Solaris, Oracle Linux and Oracle VM. These products provide partners with a lower cost and high performance infrastructure for database and application workloads across on-premise and cloud based environments. To find out more, visit http://www.oracle.com/partners/goto/exastack
About Oracle PartnerNetwork
Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more, visit http://www.oracle.com/partners.