Add-on Acquisition • Information Technology

Temenos Acquires Logical Glue

On July 17, 2019, Temenos acquired information technology company Logical Glue

Acquisition Context
  • This is Temenos’ 1st transaction in the Information Technology sector.
  • This is Temenos’ 4th transaction in the United Kingdom.

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M&A Deal Summary

Date July 17, 2019
Target Logical Glue
Sector Information Technology
Buyer(s) Temenos
Deal Type Add-on Acquisition

Target Company

Logical Glue

London, United Kingdom
Logical Glue Ltd. is a provider of a patented AI (XAI) platform with financial clients in the UK and Europe.
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Buyer Overview 1

Buyer

Temenos

Geneva, Switzerland

Category Company
Founded 1993
Sector Software
Employees6,565
Revenue 1.0B USD (2024)
DESCRIPTION

Temenos is a provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos was founded in 1993 and is based in Geneva, Switzerland.


Deal Context for Buyer #
Overall 11 of 12
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 11 of 12
Country: United Kingdom 4 of 4
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-14 Rubik Financial

Sydney, Australia

Rubik Financial Ltd. is a financial software company providing banking, wealth management and mortgage broking solutions, primarily in Australia, and also internationally across Asia and the Middle East. Rubik has more than 150 employees servicing 930 direct clients and 23,000 end-users in 12 countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 Kony

Orlando, Florida, United States

Kony, Inc. is a provider of software and services that enable enterprise customers to quickly design, develop, deploy and manage mobile applications. Kony was established in 2007 and is based in Orlando, Florida.

Buy $559M