MALVERN, Penn. – September 7, 2016 – Temenos (SIX: TEMN), the software specialist for banking and finance, announced today that it has opened a new and expanded North America headquarters. Malvern, Pennsylvania has been selected to hold the headquarters.
The new office will not only provide a modernized, creative high-tech environment, but also position the company for long-term growth. The 40,000 square foot office is located at 40 General Warren Blvd. Malvern PA 19355, and features an open design concept in order to foster collaboration, inspiring employees to break away from their desk and look at things differently.
Temenos’ mission is to empower financial institutions to stay ahead of an ever-changing marketplace. The new headquarters marks a major milestone in Temenos’ strategy to bring its global vision to the United States. Globally, 38 of the top 50 banks use Temenos technology, but Temenos has only recently announced plans for sustained growth in the United States. The new headquarters will enable Temenos to scale as the company continues to build success and increase its footprint in the region.
Jay Mossman, President & CEO of North America, Temenos, said:
“Our research has shown that the US represents 40% of Temenos’ total addressable market, which has led us to initiate an ambitious growth strategy. While Temenos is a well-known brand globally, over the past six months we have begun to see our name and products take off in the United States, which led to the need to expand our offices. The launch of the new North America headquarters is a strategic move, executing our global vision with a local focus as we continue to bring on new clients and further develop our technology.”
David Arnott, CEO, Temenos, stated:
“As the competition continues to become tougher and consumer expectations evolve, the US financial services market has a need for real-time, flexible and omni-channel solutions in order to meet the needs of their account holders. In short, they have a need for the cutting-edge technology Temenos provides to over 2,000 institutions around the world. Our global expertise can have a huge impact on financial institutions in the United States, propelling them to the forefront of the industry, while our local focus provides insight into the unique needs and complexities of the U.S. market. We have already begun to encounter great success in the region and the launch of the headquarters positions us to continue building this momentum.”
Temenos would like to extend special thanks to the following people who had a huge impact on this launch of the new North American Headquarters:
J. Loew & Associates
D2 Architect, Design and Branding
Watchdog Real Estate Project Managers
D. Fickler Construction, LLC
Tara Hayden, Hayden Real Estate Investments, Inc.