M&A Deal Summary

Temenos Acquires Odyssey Financial Technologies S.A.

On October 5, 2010, Temenos acquired software company Odyssey Financial Technologies S.A. for 81M USD

Acquisition Highlights
  • This is Temenos’ 4th transaction in the Software sector.
  • This is Temenos’ 4th largest (disclosed) transaction.
  • This is Temenos’ 1st transaction in Luxembourg.

M&A Deal Summary

Date 2010-10-05
Target Odyssey Financial Technologies S.A.
Sector Software
Buyer(s) Temenos
Deal Type Add-on Acquisition
Deal Value 81M USD

Target

Odyssey Financial Technologies S.A.

Luxembourg, Luxembourg
website
Odyssey Financial Technologies S.A. is a provider of front- and middle-office software for the private banking and private wealth management industries.

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Buyer(S) 1

Buyer

Temenos

Geneva, Switzerland

website


Category Company
Founded 1993
Sector Software
Revenue 887M CHF (2020)
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 STATS #
Overall 4 of 12
Sector (Software) 4 of 9
Type (Add-on Acquisition) 4 of 12
Country (Luxembourg) 1 of 2
Year (2010) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Viveo Switzerland SA

Switzerland

Viveo Switzerland SA is a solution provider principally for soft commodities, oil, gas and metals. Company has in-depth expertise in contract management, payment, invoicing, logistics, inventory management and treasury.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-02 Primisyn

Delta, British Columbia, Canada

Primisyn is a provider of business intelligence (BI) software for the financial services sector.

Buy -